Pramod Agarwal

Pramod Agarwal (born September 1954) is an Indian businessman.

Pramod Agarwal
BornSeptember 1954 (age 66)
Bombay, India
Known forFounder, Zamin Ferrous
Net worth"minus $16.5 million" (2016) [1]
Spouse(s)Vijaya Agarwal
Children2

Early life

He was born in Bombay[2] in September 1954.[3] His family originates in a small village near Bhiwani, in Haryana State in northern India.[2]

Career

Agarwal founded the mining company, Zamin Ferrous.[2]

Zamin is suing ENRC for $220 million, and is being counter-sued for $115 million, resulting from their joint venture in the Bamin iron-ore project in Bahia, Brazil, dating back to 2010. This dispute "promises to be one of the most unusual and juicy cases seen in the capital for some time", as there are "allegations of improper conduct by federal and state courts in foreign jurisdictions."[2]

Agarwal's business empire is in a parlous state, and as of 2016, he estimates his net worth at "minus $16.5 million".[1]

Personal life
Cornwall Terrace, Regent's Park, London

Agarwal hosted lavish wedding celebrations for both his daughters, Vinita and Muqit Teja in 2012, and Ritika in 2015. The 2012 wedding was held at the San Clemente Palace, Venice, with celebrations designed by the Italian Cirque du Soleil theatre director Franco Dragone, starring the pop singer Shakira.[2]

The 2015 wedding of Ritika and Rohan Mehta, son of the Indian tycoon Yogesh Mehta, was in Apulia and cost £14 million, with 800 guests, with entertainment from the pop group Florence and the Machine and the Bollywood actor, Pritam.[2]

In October 2013, Agarwal purchased 9, Cornwall Terrace, overlooking London's Regent's Park for £37.5 million, with a £29 million mortgage from Royal Bank of Canada, from the developer Christian Candy, using a Guernsey-registered shell company, 9 Cornwall Terrace Ltd.[1] As of April 2016, it is for sale with Savills for £32 million.[1]

Agarwal now lives at his nine-bedroom "country" house with four acres of grounds in Mill Hill, north London.[1]

References
  1. Prynn, Jonathan; Watts, Matt (8 April 2016). "Tycoon sells opulent London home after slump in his fortune". Evening Standard. Retrieved 9 April 2016.
  2. Pagano, Margareta (14 February 2015). "Pramod Agarwal: Two lavish weddings and a very acrimonious divorce". The Independent. Retrieved 9 April 2016.
  3. "EUROSLEX LIMITED - Officers (free information from Companies House)". Beta.companieshouse.gov.uk. Retrieved 28 April 2016.
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