London: June14, 2004
The Hon. Apurv Bagri is the Managing Director
of the Metdist Group of companies, Chairman of the London Metal
Exchange and founder of his own metal trading company, is among
the 100 richest professionals in the city.
Mr. Apurrv Bagri, 44-year-old, son of Lord Raj
Kumar Bagri, who owns Minmetco, made a £904,000 profit on
£121.5 million sales in 2002-03. With hefty past salaries
and dividends (£6.7 million in 1998), he is worth at least
£50 million. He is ranked 63 in the list of 100 richest
professionals in the city
The Metdist Group is involved in international
non-ferrous trade and industry and has manufacturing and trading
interests in South East Asia and the Indian sub-continent. Metdist
also has extensive investment interests which include the technology
sector and a Group company is a Ring dealing member of the London
Metal Exchange. Mr. Bagri is Chairman of the International Wrought
Copper Council and a member of the South Asia Committee of IFSL.
Amongst his non-business responsibilities he is a member of the
Governing Council of the City University London and Chairman of
the Asia Pacific Board of the London Business School. He is in
addition on the International Board of Overseers at the Cass Business
School and a Member of the Corporation, University College School.
He is also a Member of the Board of The Royal Parks, a Commissioner
of the Crown Estate Paving Commission and a Trustee of Asia House.
Mr Bagri is the President of TiE-UK and a Trustee of TiE Global.