• Saturday, April 20, 2024

Business

Steel tycoon Sanjeev Gupta expands into financial services

Sanjeev Gupta expanding his empire

By: Sarwar Alam

Steel tycoon Sanjeev Gupta has launched a new financial services arm Wyelands Capital as he expands his business empire in the UK. The Liberty House executive chairman’s umbrella group, GFG Alliance, announced the expansion last week. The expansion follows Gupta’s acquisition in December 2016 of Wyelands Bank Plc, which has been functioning as an “industry-friendly” deposit-taking institution focused on providing working capital solutions for UK and international companies. “Wyelands Bank is already filling a very important gap in the market for working capital solutions. Through Wyelands Capital, the GFG Alliance is determined to engage the best and most experienced figures from the…

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