Overview

• Paul died in London on August 21 after a recent hospitalisation, with family by his side, according to relatives.
• He founded the UK‑based Caparo Group in 1968 and grew it into a multinational; his son Akash leads Caparo’s India operations and serves on the group board.
• A life peer since 1996, he became the first person of Indian heritage to serve as Deputy Speaker of the House of Lords in 2008 and remained active in Parliament into old age.
• His giving through the Ambika Paul Foundation—later the Aruna and Ambika Paul Foundation—supported children’s welfare, education and health, including the London Zoo’s children’s section and the University of Wolverhampton, where he was chancellor for over 26 years.
• Prime Minister Narendra Modi posted condolences on X, while British Indian peers and university leaders lauded Paul’s impact; he ranked 81st on the 2025 Sunday Times Rich List with an estimated £2 billion.