- Thursday, April 25, 2024
By: Radhakrishna N S
ONE OF Britain’s leading Asian-owned businesses has been sold to an international petroleum products retailer and energy company, Prax, for an undisclosed amount. Leicester-based HKS Retail (HKS) has around 70 petrol stations in the UK and employs more than 250 staff. In its latest accounts, HKS made a turnover of £120.9 million and gross profit of £10.8m. The family business was founded in 1984 by Hasmukh, Kamlesh, and Sailesh Thakrar. The company began its operations with the opening of its first filling station in Coalville, just northwest of Leicester. With an estimated wealth of £105, the company was ranked 84th in this year’s Asian…
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