Integrity underpins business success: Tony Matharu
At the Eastern Eye Property Awards last Thursday (25), Tony Matharu revealed that success comes from staying true to values, taking calculated risks, and seeing opportunities where others see obstacles.
Compere Nihal Arthanayake hosts a masterclass with Tony Matharu (right) at the Eastern Eye Property Awards last Thursday (25).
A TOP London hotelier has said integrity forms the foundation of his work, stressing the importance of strong moral principles in guiding business decisions.
At the Eastern Eye Property Awards last Thursday (25), Tony Matharu revealed that success comes from staying true to values, taking calculated risks, and seeing opportunities where others see obstacles.
He also spoke about the importance of London to the country’s economy and the difference between first- and secondgeneration entrepreneurs.
Matharu, founder and chairman of Integrity International Group, won the top honour at the annual awards ceremony in London last week.
The British Asian entrepreneur, whose firm acquired some of London’s iconic buildings, said during a masterclass, “If you are true to yourself and true to others, you don’t compromise. You hold on to your moral philosophy. That is integrity.
“You can be flexible in different aspects of your life, but your moral principles should remain steadfast.
“Your values should stay with you – they are your guiding light. It’s not easy to attain, but it is essential. That is why calling my company Integrity International carries great responsibility.
“If everyone in your group, employees, associates, suppliers, understands that, you create a better world.”
Reflecting on his upbringing, Matharu said, “Your domestic environment, school, university, work — all shape your thinking as you age. The early years are critical, and a mother plays a significant part in that.
“My mother instilled values that stick with me to this day. We were like many Asian families. I was born in the UK, but my parents came from Kenya. My father was an engineer and hoped we would choose professions like medicine, law, and accountancy. My mother was more entrepreneurial. We didn’t have a family business, so I guess that inspired me to start one.”
Asked what values are needed both to recognise the potential and to have the courage to commit to ambitious projects, Matharu said, “First and second‑generation immigrants often have a different set of priorities. Typically, particularly for first‑generation immigrants, they are not surrounded by a protective support network from the local population.
“If they are going to succeed, they have to do it themselves. They live and die by their performance and how others view their work, and their achievements are self‑made. This, I believe, gives them resilience and the ability to overcome obstacles and challenges that perhaps third‑ and fourth‑generation immigrants or indigenous populations do not experience.
“It also becomes part of their outlook to look for opportunities. That process requires courage, sacrifice, investment and a willingness to back yourself to bring an idea to fruition.
“Not everybody takes such risks. They have been prepared to fail, sometimes have failed, but got up and tried again. That, I believe, is the essence of these kinds of property acquisitions.”
The businessman added, “You need courage and a feasible plan. You must assess whether there is value to be obtained through investment, secure the right planning permissions, overcome challenges, and seize the opportunity. But above all, you must be prepared to invest time, effort, travel, and money to achieve success.”
Matharu said he “owes a lot to London” as he started and grew his business in the city.
He said, “I think younger people today might have a different view. Particularly after Covid, there is a lot of anxiety about where the world is heading and whether the capital city is fulfilling its potential.
“Yet, London still has the foundation of something exceptional, much like a heritage building that holds all the greatest qualities you might want. It offers culture, heritage, the arts, education, strong systems, and the rule of law, along with opportunities for personal growth.
“Many Londoners in this room would have taken advantage of these opportunities, but it is becoming increasingly difficult. Political choices have, in effect, treated London as though it should be diminished or ignored. That is no longer part of the public discourse, and I think this is dangerous. London and the southeast are the only two areas in the country that contribute more to the Treasury than they receive.
“In purely economic terms, London is the beating heart of the British economy.” He added, “Beyond economics, London’s diversity and the opportunities it offers for visitors and workers alike are unmatched in any city I have been to. It remains a place where obstacles to progression can be removed, allowing people to thrive. Long live London — we must retain it, enhance it, improve it, and restore its vitality. This is the purpose behind the Central London Alliance.
Matharu recalled how the CLA was created to fill a gap.
“In the post‑Covid lockdown world, no one was speaking up for London. In response, I set up this community interest company. Initially, I thought we would need just 50 supporters to join forces to promote London and encourage people to return to workplaces, theatres, green spaces, and cultural life.
“Six years later, the alliance has grown to over 20,000 members, and it continues to connect people and businesses. We now host events such as the London Sports Festival and fashion shows in iconic locations, driving footfall and global attention to London’s heritage.”
Matharu also shared his views on the balance between instinct and data.
The experienced entrepreneur said, “When it comes to decision‑making, I am a strong believer in instinct. It does not come from nowhere - it comes from years of observing, listening and learning. You might not be able to immediately explain why something feels right, but experience tells you when an opportunity has value.”
He cited examples from sport and business where instinct guided success, stressing its continuing importance even in a world which is not embracing artificial intelligence (AI).
Matharu expressed caution about AI, stressing that “intelligence left on its own can be dangerous” and arguing for moral constraints on its use.
He recalled a Cambridge University initiative combining mathematics, theology and computing to explore the ethics of AI, suggesting that moral frameworks should guide its development. Matharu also stressed the need for “integrity and honesty” in political decision‑making. He argued that economic growth should underpin public spending across the country, not just London.
“The good of the country comes from good economic conditions,” he said.
“We need to ensure policies encourage investment, growth and jobs, not disincentivise them.”
Matharu pointed to recent measures affecting the property sector, particularly the removal of business property tax relief, as damaging to long‑term investment.
“This tax disincentivises growth,” he said. “Many family businesses face a heavy tax burden on succession, forcing them to sell or close. That harms employment and reduces investment.” He warned that such measures erode confidence and could undermine the property market and wider economy.
Matharu also reflected on what keeps him awake at night. “It’s the obstacles that stand in the way of long‑term investment and legacy,” he said. “If policies undermine that, it questions the worth of years of hard work and risks. We must encourage those who create value, rather than penalise them.”
Sanjay has been with the Group for more than ten years and was involved in major deals including the purchase of St John’s Wood Care Home during the pandemic. (Photo credit: Arora Group)
ARORA Group has appointed Sanjay Arora as its new Chief Executive Officer.
Sanjay has been with the Group for more than ten years and was involved in major deals including the purchase of St John’s Wood Care Home during the pandemic, the acquisition of two large shopping centres, the creation of a property team and the delivery of Buckinghamshire Golf Club.
Surinder Arora, Founder and Executive Chairman of the Group, said: “Watching Sanjay’s journey from his earliest days in the business has been one of my proudest privileges. His ability to blend innovation with a deep respect for our values means the Group is in safe hands. The stage now belongs to the next generation, one that honours our roots while reaching boldly toward new horizons. We step into the future with a modern leadership that understands both the numbers and the narrative of an evolving world.”
Sanjay Arora said: “It is a privilege to take on the role of CEO at such an exciting time in the Group’s journey. I look forward to working with our talented teams across the business to continue building on our legacy, delivering exceptional experiences, and pursuing new opportunities for sustainable growth.”
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LEADING figures from the real estate industry were recognised in London last week at the Eastern Eye Property Awards, organised by the Asian Media Group, publishers of Eastern Eye and Garavi Gujarat news weeklies. The event, held at Park Plaza Riverbank in partnership with Summix, presented 10 awards across categories ranging from developers and lenders to interior designers and technology innovators.
Here is the full list of winners:
Eastern Eye Property Developer of the Year: Tony Matharu, founder & chairman, Integrity International Group
Tony Matharu started his hospitality business by converting office space into hotels with his brothers in the 1980s. His early capital came from his mother. Over time he has delivered over 2,500 hotel rooms and created about 1,750 jobs in London. Matharu’s Integrity International Group also runs Blue Orchid Hospitality. Recent moves by his group include acquiring Atlas House, a Grade II-listed building near the Bank of England, and The Crescent buildings in Tower Hill. Atlas House is being converted into a hotel with about 104 rooms, plus restaurant, bar, and health club facilities. His group also plans to redevelop the Grade I-listed 55 Broadway in St James’s Park into a 526-room hotel. He is also involved in community projects, and leads the Integrity International Trust, which supports vulnerable groups and works on projects in health, welfare and skills training. He serves on several business and civic boards, including the London Chamber of Commerce and the Asian Business Association.
Eastern Eye Bank of the Year: OakNorth Bank
OakNorth Bank has focused on addressing the funding gap faced by small and mid-sized businesses, applying lending strategies usually reserved for larger companies to firms with annual revenues between £1 million and £100m. These businesses, often underserved by traditional banks, have been able to expand and scale with OakNorth’s support.
Since launching in 2015, the bank has lent more than $16 billion to growing companies, which has directly contributed to the creation of around 56,000 new jobs and over 34,000 homes in the UK and US, many of them in the affordable and social housing sector.
In 2024, the bank provided £2.1bn in new lending, continuing to take a data-driven approach and offering firms quick, clear decisions on funding. The bank reported a pre-tax profit of £214.8m last year, growing its lending books to £12.5bn. As commercial real estate sector faces significant challenges, OakNorth has continued to identify and support opportunities across a range of sectors and regions.
Asian Media Group (AMG) Executive Editor Shailesh Solanki, Giorgio Antonio Aceto, Priya Chauhan, Adam Hunt, councillor Rohitkumar Dasgupta and AMG Group Managing Editor Kalpesh Solanki.
Eastern Eye Advisor of the Year: Prideview Group
With over 35 years of experience in the industry, Prideview Group is a commercial property advisory firm based in Stanmore, London. It offers services including lettings, management, finance, and insurance. In 2024, Prideview completed 76 transactions in London, including significant deals such as the Great Portland Street Portfolio and the Stonegate Pub Portfolio, with a total value of approximately £250 million.
The firm has expanded its services to cover all aspects of commercial property, helping investors navigate a complex market by providing strategic guidance based on data and market insight. Prideview’s family office, Eastway Estates, has grown its investment portfolio to around £50m, with a focus on value-add development and asset management opportunities.
Despite challenges, Prideview is also exploring new partnerships and potential expansion, while remaining focused on its core London market and client relationships.
Eastern Eye Commercial Lender of the Year: State Bank of India UK
As a subsidiary of the global Fortune 500 bank, SBI UK offers commercial lending solutions tailored to meet the needs of businesses, investors, and developers across the country. This year it introduced lower buy-to-let mortgage rates and simplified fee structures for larger loans by limited companies to improve accessibility. The bank typically offers loans with up to 70 per cent loan-to-value and terms up to five years. Its lending decisions consider business cash flows alongside property security, aiming to provide flexible support for sustainable growth.
Its products include commercial mortgages, secured business loans, development finance, and overdraft facilities. The bank supports projects such as new properties, refinancing, build-to-rent developments, warehouses, offices, and specialised sectors like hospitality, student accommodation, and care homes. Now, it focuses on green lending initiatives aimed at reducing carbon footprints in the housing sector.
SBI UK operates eleven branches across England, including London, Birmingham, Leicester, Coventry, Wolverhampton, and Manchester. As the largest Indian bank. its parent firm has diverse funding sources.
Eastern Eye Rising Star Award: Sachinkumar Gupta, Director of Property Hub Limited
Sachinkumar Gupta has built a presence in the UK property market since founding the company, Property Hub, in 2008. Starting from a travel business in 2004, he expanded into property services, including lettings, sales, management and auctions under Property Hub. The company also runs 99Home, an online hybrid estate agency launched in 2016, which ranks among the UK’s leading digital property platforms.
Property Hub serves North West London and offers services for both residential and commercial properties. It has introduced franchise opportunities nationwide, empowering individuals to become estate agents. The company holds memberships in leading industry bodies such as the National Association of Estate Agents, ARLA, and The Property Ombudsman.
Gupta has accumulated industry qualifications including Level 3 and Level 6 awards in residential property practice. He is also known for supporting local community initiatives and charity work. He has been shortlisted for several business awards, including Asian Achiever Entrepreneur of the Year 2024 and Business Person of the Year 2025.
Eastern Eye Interior Designer of the Year: Oraanj Interior Design
Oraanj combines modern technology, such as 3D renderings, with careful attention to detail throughout the design and execution processes. Founded by Rachana Gupta in 2004, the London-based firm specialises in residential, commercial, hospitality, and corporate interior design. The firm offers services including space planning, furniture and fabric selection, lighting design, floor plans, and construction detailing.
The company incorporates automated lighting, app-controlled systems, and ergonomic tools to enhance comfort and efficiency in office environments in its projects.
According to Gupta, Oraanj aims to balance aesthetics with practical use, ensuring that interiors support well-being and comfort. Projects range from home renovations to office fit-outs and specialised hospitality environments. She leads the team with over 20 years of industry experience. She emphasises the importance of understanding client needs to deliver personalised and consistent solutions. Oraanj has adapted to changing design trends by integrating sustainable practices and technology to improve project outcomes. The company has offices in Harrow and central London.
Eastern Eye Property Entrepreneur of the Year: Manni Chopra of the Chopra Property Group
Eastern Eye Entrepreneur of the Year winner Manni Chopra with Shailesh Solanki, councillor Saqib Butt and Kalpesh Solanki
Manni Chopra is a property entrepreneur and co-founder of Chopra Property Group, a firm with over 24 years of combined experience in property refurbishment, conversions, and development across London and the South East. The group has acquired and developed more than 30 projects, including residential conversions, commercial developments, and new builds, with a portfolio worth over £20 million as of 2025.
Manni holds a first-class BSc degree and spent over a decade as an IT consultant before transitioning full-time to property development. She focuses on transforming undervalued or unmortgageable properties into multiple occupation homes suited for professionals. Alongside her husband, Romey, she manages investor relations, deal sourcing, marketing, and business strategy.
In addition to property development, Manni is a best-selling author of Cash Rich, Time Rich and Property Experts’ Money-Making Secrets. She also hosts TITANS, a property education and networking event aimed at empowering investors and developers.
Chopra Property Group also supports charitable causes and is committed to sustainable property development.
Eastern Eye Award for Disruptor of the Year: Paresh Raja of Market Financial Solutions
Market Financial Solutions provides flexible lending options when traditional lenders tighten criteria, especially in the buy-to-let (BTL) and bridging loan sectors. It offers tailored products designed to meet the diverse needs of property investors and developers, including those underserved by mainstream banks.
The company’s flagship product, Bridge Fusion, combines bridging loan features with bespoke BTL mortgage elements. It offers options such as deferred interest and conversion plans, with the ability to roll up interest for up to nine months. This flexibility helps investors increase leverage and manage cash flow effectively, accommodating longer project timelines and permitted development plans even when properties are not occupant ready.
Founded by Paresh Raja nearly 20 years ago, Market Financial Solutions has built a strong presence with a loan book reaching £2.4 billion as of early 2025, targeting a growth to £3.5bn by year-end. The firm recently launched Fusion Premier for larger portfolios, offering loans up to £65 million with terms up to 24 months plus an extension. It has also cut bridging loan rates to support investor demand amid anticipated monetary easing.
Eastern Eye Technology Company of the Year: Valos
Valos is a property technology company that has transformed the property valuation process through AI-driven automation, significantly reducing the time needed to produce reports from days to minutes. Founded by professional valuers, Valos blends automation with valuer expertise to eliminate repetitive, manual tasks while maintaining the role of the valuer in decision-making.
The platform automates data gathering, report writing, and templating using proprietary AI and natural language processing technologies. It integrates trusted data sources and generates comprehensive, branded valuation reports with automated audit trails for compliance. Valos offers cloud-based collaboration, allowing valuation firms to increase productivity by up to 40 per cent, achieve faster turnaround times, and reduce costs.
Valos's technology supports various property types and valuation purposes, streamlining workflows, minimising risk, and enabling professionals to focus on higher-value activities, modernising the UK property valuation industry. It recently announced that Glenny LLP will adopt its automated valuation platform to enhance property valuation efficiency.
Eastern Eye Specialist Lender Award: Aldermore Bank
Aldermore Bank provides specialist lending solutions targeted at underserved groups such as the self-employed, SMEs, and landlords. The bank has maintained its focus on tailoring mortgage products to accommodate complex income profiles and non-standard borrowers. It supports buy-to-let and commercial mortgage markets with personalised lending decisions and strategic broker partnerships.
Nicola Goldie, head of Strategic Partnerships and Growth since 2023, plays a key role in expanding Aldermore’s broker network and strengthening market presence. The lender continuously invests in technology to streamline broker interactions and improve service delivery, enhancing accessibility for both brokers and clients.
With over a decade offering specialist mortgages, savings, and business finance, Aldermore supports business growth across the UK. Aldermore Group delivered a statutory profit before tax of £193.5 million in the financial year to June 30, 2025, despite a £60.6m charge related to historical Motor Finance commissions. Strong growth in lending and deposits supported the group’s performance.
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Employees of Indian IT services exporter LTIMindtree work inside its office in Bengaluru, India, September 24, 2025. (Photo credit: Reuters)
US PRESIDENT Donald Trump’s decision to sharply increase H-1B visa application costs is expected to accelerate American companies’ move to shift more high-value work to India. Economists and industry experts say this will further boost the growth of global capability centres (GCCs), which manage operations ranging from finance to research and development.
India hosts about 1,700 GCCs, more than half of the global total. These centres, which began with a focus on tech support, have expanded into innovation-driven work, including car dashboard design and drug discovery.
Analysts say growing use of artificial intelligence and tightening visa rules are leading US companies to reassess labour strategies, with India-based GCCs emerging as key hubs combining global expertise with local leadership.
“GCCs are uniquely positioned for this moment. They serve as a ready in-house engine,” said Rohan Lobo, partner and GCC industry leader at Deloitte India. He said he was aware of several US firms currently reassessing workforce plans. “Plans are already underway,” he added, citing increased activity in financial services and technology, especially among firms connected to US federal contracts.
Lobo said he expected GCCs to “take on more strategic, innovation-led mandates” going forward.
Earlier this month, Trump raised the cost of new H-1B visa applications to $100,000, up from the earlier range of $2,000 to $5,000. The increase adds pressure on US companies that rely on skilled foreign workers to fill critical roles.
On Monday, US senators reintroduced a bill seeking tighter rules on H-1B and L-1 visa programmes, aimed at closing what they described as loopholes and misuse by major employers.
Industry experts say that if visa restrictions remain in place, US firms are likely to shift advanced work in artificial intelligence, product development, cybersecurity and analytics to their GCCs in India, while retaining more strategic functions in-house rather than outsourcing.
Lalit Ahuja, founder and CEO of ANSR, which has helped companies such as FedEx, Bristol-Myers Squibb, Target and Lowe’s set up GCCs, said, “There is a sense of urgency.”
Reassessing India strategies
Ramkumar Ramamoorthy, former managing director of Cognizant India, said the trend could even lead to “extreme offshoring” in some cases. He pointed out that the Covid-19 pandemic had already shown that critical technology work could be done remotely.
US government data shows that Amazon, Microsoft, Apple, Alphabet (Google’s parent), JPMorgan Chase and Walmart were among the biggest sponsors of H-1B visas. All of them have significant operations in India but declined to comment, given the political sensitivity of the issue.
“Either more roles will move to India, or corporations will near-shore them to Mexico or Colombia. Canada could also take advantage,” said the India head of a retail GCC.
Even before the latest visa fee hike and plans for a new selection process favouring higher-paid roles, India was projected to host the GCCs of more than 2,200 companies by 2030, with the market size nearing $100 billion. “This whole ‘gold rush’ will only get accelerated,” Ahuja said.
Implications for India
Some remain cautious, noting the risks of new legislation. If the proposed HIRE Act is passed, US companies could face a 25 per cent tax on outsourcing work overseas, a move that could disrupt India’s services exports.
“For now, we are observing and studying, and being ready for outcomes,” said the India head of a US drugmaker’s GCC.
Trade tensions between the two countries have extended into services, with visa curbs and the HIRE Act proposal threatening India’s cost advantage and cross-border service flows.
India’s $283 billion IT industry, which contributes nearly 8 per cent of GDP, may come under pressure. However, rising demand for GCC services could offset part of the impact.
“Lost revenues from H-1B visa reliant businesses could be somewhat supplanted by higher services exports through GCCs, as US-based firms look to bypass immigration restrictions to outsource talent,” Nomura analysts said in a research note last week.
(With inputs from Reuters)
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He will also receive an on-target yearly bonus of 150 per cent and a long-term incentive grant equal to 7.25 times his salary.
BRITISH drugmaker GSK on Monday named Luke Miels as its CEO designate. He will take over from Emma Walmsley, who steps down after nine years leading the company.
Miels will formally assume the role on January 1. He will be responsible for steering GSK towards its target of generating more than 40 billion pounds ($53.78 billion) in annual sales by 2031.
Remuneration
Miels’ annual base salary will start at 1.38 million pounds, lower than Walmsley’s 2025 salary of 1.43 million pounds, according to GSK’s annual report.
He will also receive an on-target yearly bonus of 150 per cent and a long-term incentive grant equal to 7.25 times his salary.
Who is Miels?
Miels, 50, joined GSK in 2017 as chief commercial officer. He has overseen the company’s global medicines and vaccines portfolio, which generates annual sales of over 20 billion pounds across more than 100 countries.
He is an Australian national, holding a biology degree from Flinders University and an MBA from Macquarie University. He began his career as a sales representative at AstraZeneca before moving into senior roles at Sanofi and Roche.
Career path
AstraZeneca 1995 – 2000: Sales and marketing roles
Sanofi-Aventis 2004 – 2006: Vice President, Sales Metabolism, New Jersey, USA 2004: Integration Officer, North America, Sanofi/Aventis merger 2003 – 2004: General Manager & Managing Director, Aventis Thailand 2002 – 2003: General Manager & Managing Director (Acting) 2000 – 2001: Head, Strategic Planning and Portfolio Management
Roche Pharmaceuticals 2009 – 2014: Regional Head, Asia Pacific (Shanghai, then Singapore) 2006 – 2009: VP/Head of Metabolism & Anemia Global Marketing, Switzerland
AstraZeneca May 2014 – August 2017: Executive Vice President, European business Earlier: Executive Vice President, Global Product and Portfolio Strategy, Global Medical Affairs, and Corporate Affairs
GSK September 2017 – Present: Chief Commercial Officer
(With inputs from Reuters)
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Many of the apps appeared legitimate when installed directly from the Google Play Store
More than 38 million downloads across 228 countries and territories
Cybersecurity firm HUMAN uncovered large-scale fraud campaign dubbed SlopAds
Apps disguised on Google Play Store and fake ad pages
US, India and Brazil hardest hit by fraudulent traffic
Google continues crackdown following recent security breaches
38 million downloads linked to fraudulent apps
Google has removed 224 Android apps after investigators uncovered a vast advertising fraud scheme. The operation, named SlopAds, involved apps that had been downloaded more than 38 million times across 228 countries and territories.
The discovery was made by the Satori Threat Intelligence and Research Team at cybersecurity company HUMAN, which confirmed that the apps were designed to manipulate online advertising systems by generating fake ad views and clicks.
How the scam worked
Many of the apps appeared legitimate when installed directly from the Google Play Store. Others were distributed via ads that led to fake download pages. Once installed, the apps carried out hidden instructions.
According to HUMAN’s report, the apps used steganography to conceal malicious code within images and then created hidden web views to open scam-controlled sites. These sites generated fraudulent ad impressions and clicks, tricking advertisers into paying for traffic that never existed.
Global impact of SlopAds
At its peak, the campaign accounted for 2.3 billion ad bid requests each day. The United States was the worst affected, with 30 per cent of fraudulent traffic, followed by India at 10 per cent and Brazil at 7 per cent.
Investigators also found hundreds of promotional domains and servers linked to the scheme, suggesting that those behind it intended to expand the operation even further.
Google under pressure
This crackdown comes during a challenging period for Google’s security teams. Earlier this month, the company confirmed a major data breach affecting Gmail users and issued a critical update to patch an Android vulnerability that allowed hackers to seize control of devices.
With services spanning 219 countries and territories, Google’s global reach makes it an attractive target for fraudsters seeking to exploit its platforms and users.