GSF chair Sukhpal Ahluwalia named Asian Business Person for 2024
GSF Car Parts executive chairman Sukhpal Ahluwalia has been awarded Asian Business Person of the Year at this year’s prestigious Asian Achievers Awards. The award recognises Ahluwalia’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 outstanding work of individuals within the South Asian community across politics, business, and civil society.
Asian Business Person of the Year
The awards ceremony, which took place at London’s Hilton Park Lane, attracted more than 500 guests from around the world and was hosted by former Eastenders star Nitin Ganatra and ITV newsreader Anila Dhami.
Ahluwalia said after being named Asian Business Person of the Year for 2024:
“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.”
Ahluwalia founded Euro Car Parts in 1978 from a single store, and it was continuously ranked as one of the UK’s most successful businesses by The Sunday Times Top Track 250.
Growing business
The business grew to more than £1.2 billion in revenue by 2018, with a branch network of 350 locations and 11,500 employees. 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, Ahluwalia founded Dominus, which has since become one of the UK’s largest privately-owned property developers and operators, with super-prime sites across London and other major cities in the UK. He serves as non-executive chairman.
More recently, Ahluwalia acquired GSF Car Parts in 2023, which has since become the UK’s fastest growing car parts distributor. Over the past 12 months, the business has expanded rapidly, opening 15 new branches to reach a total of 200 sites across its network.
