Asian Rich List 84= Sheazad Hussain & family Dairy production £55mq£2m SHEAZAD HUSSAIN runs Medina Dairy, one of the UK’s biggest independent dairy producers. The company was started by Sheazad’s fa- ther Sardar, who began life as a door-to-door chicken salesman. He hit upon the idea of selling milk to retailers in East Berkshire at first, and the business has thrived since. Today Medina Dairy supplies milk, eggs and bakery products to independent retailers throughout the country. Their Watson brand is now well established in the sector. Based in 157 acres of Hampshire farmland, the family invested £20 million in the devel- opment of a new state-of-the-art facility with a capacity of 250m litres. The dairy supplies daily to 16 distribution depots around the country, who in turn deliver to retailers. The Hussains have grown far beyond their original base and now produce a wide range of edible products and drinks. Milk has been its star performer over recent years. As well as these, they offer a food service to concerns such as restaurants, hotels and care homes. Medina Dairy continues to recruit farmers to its Watson’s brand and has invested over £10m in the production process. It prides itself on being the fastest growing brand of milk in the convenience sector today. Sheazad’s father was an inspirational figure in the retailing community who enjoyed a strong and loyal customer following. He passed away in 2009 and was posthumously presented with the Asian Trader Lifetime Achievement Award in the same year. We value the family at £55m. 84= Banking Lord Dolar Popat Anshuman Jain £55mn ANSHUMAN JAIN is one of the most senior Asians in banking having risen through the ranks at Deustche Bank (DB), where he is now co-CEO. Born in Jaipur, Rajasthan, in 1963, Jain was educated at Delhi University and has an MBA in finance from the University of Massachu- setts Amherst. Jain joined Deustche Bank in 1995 after stints in New York with Merrill Lynch and Kid- der, Peabody & Co, which is now part of UBS. Jain shares the role of CEO with Jurgen Fitschen and the pair have steered the bank through some stormy waters which has af- flicted much of the banking world. He climbed the career ladder managing dif- ferent divisions of DB. His big break was in 1995 when he joined the bank and set up a hedge fund unit. Before becoming CEO, he headed the investment banking side of DB. In 2010, his pay was almost £11m, though in more recent times it has been pegged back. He is reported to have bought a plush proper- ty in New York for around £5m. We value Jain conservatively at £55m. Political presence 84= Lord Dolar Popat Hotels/Healthcare £55mp£3m A QUALIFIED management accountant, Lord Dolar Popat created the TLC Group in the late 1970s after holding a series of management accounting positions. Like many, Lord Popat invested in property and began in the finance industry, establish- ing a successful finance brokerage before mowing into healthcare. TLC now operates six care homes largely in the South of England, and recently opened its first branded hotel in London with the Holi- day Inn franchise. An active member of the Conservative Par- 74 | Eastern Eye Asian Rich List | March 2013 ty, he was made a life peer in 2010 by David Cameron, becoming the first Gujarati to rep- resent the party in the House of Lords. Now a government whip based in the Lords, he is devoting more time to politics, which has been a lifelong passion. Lord Popat has held a number of positions within the party and has been involved in get- ting more Asians into the Conservative Party. He has been secretary to the Anglo Asian Conservative Association and president of the Harrow East Conservative Association. Since becoming a government whip, Lord Popat has put his business interests into a blind trust. Turnover at TLC Group rose to £18.3 million for the year ending April 2012, with operating profit at £4m. The group has a strong asset base, which we value together with private wealth, at £55m.