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Sanjeev Gupta’s Father Has Moved From U.K. as Group Battles for Survival

  • Filings show Parduman Gupta’s usual residence changed to India
  • Sanjeev Gupta has also been absent from the U.K. for months
Sanjeev Gupta
Sanjeev GuptaPhotographer: Brendon Thorne/Bloomberg

Parduman Gupta, father of embattled metals tycoon Sanjeev Gupta, has moved out of the U.K., just as the pair’s GFG Alliance teeters on the brink following the collapse of its largest lender Greensill Capital.

The senior Gupta has changed his country of usual residence from Britain to India, according to several filings made over the past few weeks at Companies House, the business registry. He owns Simec Group, the branch of the business empire which deals in renewable energy, shipping and mining, and was founded by the magnate as an export-and-import house in India.