GSF Chairman awarded Asian Business Person of 2024
GSF Car Parts’ Executive Chairman Sukhpal Ahluwalia has been awarded Business Person of the Year at this year’s Asian Achievers Awards. The award recognises Sukhpal’s role in building some of the country’s largest businesses, including the ongoing transformation of GSF Car Parts.
Now in its 22nd year, the Asian Achievers Awards celebrates the work of individuals within the South Asian community across politics, business, and civil society.
The awards ceremony, which took place at London’s Hilton Park Lane, reportedly attracted more than 500 guests from around the world and was hosted by former Eastenders star Nitin Ganatra and ITV newsreader Anila Dhami.
Sukhpal said: “It is a great honour to receive this award. I’m hugely thankful to all my friends, team members, and partners who have contributed to the success of my businesses down the years. I’m proud of the role I’ve played in creating jobs and businesses across the length and breadth of the country.”
Sukhpal founded Euro Car Parts in 1978 from a single store, and it is said to have continuously ranked as one of the UK’s most successful businesses by The Sunday Times Top Track 250.
The business grew to more than £1.2 billion in revenue by 2018, with a branch network of 350 locations and 11,500 colleagues. The business was sold to Nasdaq-listed LKQ Corp in 2014, with Ahluwalia staying on as Executive Chairman of LKQ’s businesses in the UK, Ireland, and India until 2018.
In 2011, Sukhpal founded Dominus, which is reported to have become one of the UK’s largest privately-owned property developers and operators, with super-prime sites across London and other cities in the UK. He serves as Non-Executive Chairman.
More recently, Sukhpal acquired GSF Car Parts in 2023, which has since become the UK’s fastest growing car parts distributor, according to the company. Over the last 12 months, the business has expanded, opening 15 new branches to reach a total of 200 sites across its network.
It’s claimed there are plans to add a further 15 branches over the coming year, which the company says will create hundreds of new jobs. GSF also inked a multi-million deal on a new 500,000-sq-ft National Distribution Centre in the Midlands, designed to support the growth of the business.
The GSF Chairman is also active in business and charity work in India, having apparently committed to invest up to £10 million in the state of Punjab alongside seeking to back tech entrepreneurs across the country. In recent years, he has also supported the construction of a new school in Faridabad and it’s claimed he plans to continue to scale up his activity in India in advance of his long-term aspiration to return to the country.
Sukhpal added: “I love driving businesses from the front, and I’m very lucky to have been given the opportunity to do what I love – founding and building businesses – almost every day of my life. I’ve never really considered it a job! I’m going to give GSF every ounce of energy that I’ve got before I start to think about hanging up my boots to return to India.”
Steve Horne, CEO of GSF Car Parts, said: “I’m privileged to have known Sukhpal for nearly 20 years and we are incredibly lucky to have such an inspirational, committed and knowledgeable Executive Chairman and major investor. Everyone at GSF is absolutely delighted at this award which rightly recognises one of the great British entrepreneurs of not just our sector but our generation.”
Sukhpal originally arrived in the UK in 1972 as a refugee from Uganda, fleeing persecution under Idi Amin. Upon his arrival in the UK, it’s reported that his family spent more than a year in temporary accommodation.
