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Sukhpal Singh Ahluwalia
British businessman From Wikipedia, the free encyclopedia
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Sukhpal Singh Ahluwalia (born October 1958)[1] is a British businessman and entrepreneur based in London.
 | This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. (January 2022) |
He is the founder and Non-Executive Chairman of Dominvs Group, a real estate, hospitality and asset management company.[2] Ahluwalia also is founder and former Executive Chairman of car parts distributor Euro Car Parts.[3]
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Early life
Born in Kampala, Uganda into a Sikh family, Ahluwalia’s parents emigrated to the UK in 1972, when Ahluwalia was 13 years old, to escape persecution under Idi Amin.[4] When they arrived in the UK, the family spent a year in temporary shared accommodation.[4][5]
As a teenager, Ahluwalia spent time in the markets of Petticoat Lane and Liverpool Street.[4]
Career
Euro Car Parts
Ahluwalia founded Euro Car Parts in 1978 after borrowing £5,000 from his father and bank loan to buy a car parts shop in Willesden, London.[4] The shop, originally called Highway Autos, was renamed Euro Car Parts a year later.[4]
In 1981, Ahluwalia opened a second branch of the company in the Willesden area. The company originally supplied car parts for BMW, Mercedes, Porsche and VW vehicles. The company expanded to become a leading supplier of parts, paints and equipment for cars and light commercial vehicles in the UK.[6]
By 2011, Euro Car Parts employed 3,500 people across 89 locations.[5] In October 2011, Ahluwalia sold Euro Car Parts to LKQ Corporation for £280 million, with a supplementary £55 million if targets were met.[7][8][3] After the sale, Ahluwalia became Executive Chairman of LKQ Corporation's businesses in the UK, Ireland and India,[9] but stepped down from the board in December 2018.[10]
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Personal life
He is married to Rani Ahluwalia and they have three sons who are also involved in the businesses.[11]
As of May 2018, Ahluwalia is the fourth richest refugee in the UK.[12] According to The Sunday Times Rich List 2019, the Ahluwalia family have a net worth of £500 million.[13]
References
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