Indian companies British incursion: Bharti Enterprises on Monday announced it will acquire a 24.5 percent stake in BT Group, valued at 3.2 billion pounds ($4 billion), effectively buying out the stake of the British telecoms giant’s main investor, Patrick Drahi.
Below are some other notable Indian investments in British companies:
Tata GroupTata Motors owns UK-based luxury carmaker Jaguar Land Rover. Tata Steel operates several plants in the UK, including the one in Port Talbot. In 2023, Tata made headlines for a £4 billion ($5.1 billion) investment in an electric car battery factory in the UK.
Reliance IndustriesIn 2021, Reliance New Energy Solar Ltd acquired British battery technology firm Faradion Ltd for $135 million. Reliance Brands Ltd bought a 100 per cent stake in Hamleys, the historic British toy store, from C Banner International Holdings in 2019. Wipro
Indian IT services firm Wipro has acquired UK-based management consultancy Capco for $1.45 billion in 2022.
Eicher engines
Eicher Motors purchased iconic British motorcycle manufacturer Royal Enfield in 1994. The brand, founded in Worcestershire in 1901, is now headquartered in Chennai and remains the oldest global motorcycle brand in continuous production.
Mahindra & Mahindra Ltd
In 2021, Mahindra & Mahindra revived BSA Motorcycles, bringing the historic brand, originally founded in Birmingham in 1861, back into production after a hiatus of nearly 50 years.
TVS Motor Company
TVS Motor Co acquired renowned British motorcycle brand Norton in 2020. The company also bought a 70 per cent stake in EBCO Ltd in fiscal 2023 to produce and distribute electric motorcycles in the UK.
UK Fintech Sector
Indian investment group Wadhawan Global Capital was one of the lead investors in a £32m fundraising round for UK digital bank Zopa in 2017.
UK financial sector
According to LSEG data, there are no Indian-based investors among the top shareholders of major UK-listed banks and financial services companies.Indian-owned companies in the UK
Research by Grant Thornton revealed that there were 971 Indian-owned companies in the UK in 2024, up from 954 in 2023. Notably, only 6 per cent are in the financial services sector. Examples include:
St James Court Hotel Ltd: Owned by The Indian Hotels Co Ltd (Taj Hotels).EET fuels: Formerly Essar (Oil) UK Ltd, focused on decarbonisation efforts in the UK, owned by the Essar Group.Pharmaceutical companies: Major Indian pharmaceutical companies such as Dr Reddy’s, Cipla and Glenmark have operations in the UK and supply generic drugs and other products to the NHS.Vedanta Resources: Headquartered in London and formerly listed on the London Stock Exchange, this diversified mining company is owned by Indian businessman Anil Agarwal.(With contributions from Reuters)
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