Leicestershire’s richest Asians see wealth soar by £54 million in past year

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Clifton Packaging Group, established 1981
Shahid Sheikh, managing director of the Clifton Packaging.


Leicestershire's richest Asians have seen their wealth soar by £54 million over the past year, according to a new report.

Ten of the 50 names featured the 2014 Midlands Asian Rich List are from the county and worth a combined £606 million, up from £552 million in 2013.

Brothers Rashid and Aziz Tayub, who run food distribution and property company Crown Crest, of Kirby Muxloe, are Leicestershire's richest Asians with £275 million, and the fourth wealthiest in the Midlands.

The pair, whose empire includes the Poundstretcher discount chain, held on to fourth spot in the list, despite their wealth rising by £10 million in the past 12 months.

Shiraz and Amin Tejani are the county's second wealthiest with £150 million, the same valuation as 2013. The Tejanis, ranked fifth in the region, made their money after selling toilet paper maker LPC, of Hamilton, to Italian rival Sofidel in 2010. They now run an investment business in Market Harborough.

Hasmukh, Kamlesh and Sailesh Thakrar and family, who run petrol station business HKS Holdings, of Leicester, are 25th in the region with a wealth of £32 million, an increase of £1 million on last year. Shane Thakrar, HKS head of development and Sailesh's son, said: "We don't always shout about our wealth, but it's good Leicestershire has such a high number of names on this listing.

"Leicestershire is a great place to do business. It's central, there are a lot of skilled people and a lot of entrepreneurial people here."

Shahid Sheikh and family, owners of Clifton Packaging, in Meridian Business Park, Braunstone, are valued at £18 million, up £2 million on 2013, ranking them 38th in the listing.

Shahid, the firm's managing director, said many Asians were successful because they were less afraid of taking risks.

"Most of us started from zero and got our wealth from gut instinct," he said.

Other names in the listing are Priyesh and Minesh Patel, who own Indian snack maker Cofresh, in Leicester, with family members Dineshbhai, Dhirajlal and Arunbhai Patel.Their products are stocked in supermarkets across Britain. The family are worth £40 million, up £5 million on 2013, putting them at 16th in the rankings.

Daud Ahmed, of Fashion Fabric Transprinters, in Humberstone Lane, Leicester, saw his wealth soar from £13.5 million to £25 million, taking him from 38th to 29th in the list.

New entry Baljinder Singh Sanghera and Gurbakhash Singh Sanghera, of precision parts supplier Kaby Engineers, of Highfields, Leicester, is valued at £22 million, putting them in 33rd place.

Jaspal Singh Minhas, president of Leicestershire Asian Business Association, said: "This is a testament to the role Asian entrepreneurs play in the economy, in the county and in the region. These people have worked very hard to see opportunities in the economy."

Shiraz and Amin Tejani are the county's second wealthiest with £150 million, the same valuation as 2013. The Tejanis, ranked fifth in the region, made their money after selling toilet paper maker LPC, of Hamilton, to Italian rival Sofidel in 2010. They now run an investment business in Market Harborough.

Hasmukh, Kamlesh and Sailesh Thakrar and family, who run petrol station business HKS Holdings, of Leicester, are 25th in the region with a wealth of £32 million, an increase of £1 million on last year. Shane Thakrar, HKS head of development and Sailesh's son, said: "We don't always shout about our wealth, but it's good Leicestershire has such a high number of names on this listing.

"Leicestershire is a great place to do business. It's central, there are a lot of skilled people and a lot of entrepreneurial people here."

Shahid Sheikh and family, owners of Clifton Packaging, in Meridian Business Park, Braunstone, are valued at £18 million, up £2 million on 2013, ranking them 38th in the listing.

Shahid, the firm's managing director, said many Asians were successful because they were less afraid of taking risks.

"Most of us started from zero and got our wealth from gut instinct," he said.

Other names in the listing are Priyesh and Minesh Patel, who own Indian snack maker Cofresh, in Leicester, with family members Dineshbhai, Dhirajlal and Arunbhai Patel.Their products are stocked in supermarkets across Britain. The family are worth £40 million, up £5 million on 2013, putting them at 16th in the rankings.

Daud Ahmed, of Fashion Fabric Transprinters, in Humberstone Lane, Leicester, saw his wealth soar from £13.5 million to £25 million, taking him from 38th to 29th in the list.

New entry Baljinder Singh Sanghera and Gurbakhash Singh Sanghera, of precision parts supplier Kaby Engineers, of Highfields, Leicester, is valued at £22 million, putting them in 33rd place.

Jaspal Singh Minhas, president of Leicestershire Asian Business Association, said: "This is a testament to the role Asian entrepreneurs play in the economy, in the county and in the region. These people have worked very hard to see opportunities in the economy."