NRI industrialist Lord Swraj Paul founded Caparo Group, based in London with operations stretching from the US to India, has moved up among the top 100 private companies in the UK.

The Group with a turnover of over 1.5 billion dollars has moved up from rank 81 last year to 66 in 2007, The Sunday Times Top Track 100, which lists Britain's biggest private companies, reported today.

The report said "Chief Executive Angad Paul continues to invest in production in new markets. But the project that grabs the headlines is the new Caparo T1 car under development at its subsidiary Caparo Vehicle Technologies.

"Developed by the engineers behind the McLaren F1, the T1 will showcase technology from Formula One and Caparo's expertise in advanced lightweight materials. It is expected to be among the fastest road cars ever made."

The Caparo metals group climbed 15 places to No 66 on soaring demand driven by industrialization in China and India, the report said.

Technorati Tags: Business