[3] After completing his A-levels he spent his gap year selling bicycles in Turkey for his father[4] before enrolling to study economics at Trinity College, Cambridge.
[9] In the two and a half years leading up to the re-opening Gupta kept the entire 150 people workforce[10] on half-pay while he tried to get the mothballed site operating again.
[8] Liberty Steel Newport produces hot rolled coil (HRC) for the following industries: construction, automotive, pipes and tubes, structural hollow sections, highway, yellow goods, materials-handling and power.
[11] In November[12] and December 2015[13] Gupta purchased from administration the UK assets and business of the former Caparo Industries Plc, saving over 1,000 jobs primarily in the West Midlands.
The deal, which was brokered by the Scottish Government, was completed on 28 April 2016 when Liberty formally acquired the Clydebridge and Dalzell steel mills.
In February 2017 Tata Steel UK and Liberty House signed an agreement on the purchase, and the deal was completed in April 2017.
[23] In August 2017, after it had entered voluntary administration,[24] Gupta's Liberty Steel acquired Australian iron and steelmaking business Arrium, which included the Whyalla Steelworks in South Australia.
[31] He then doubled the GFG Alliance workforce in July 2019, by acquiring seven steelworks and five service centres across seven countries in continental Europe from ArcelorMittal.
[34] Gupta has been dubbed the man who can save[35] the British steel industry[36] through an approach called Greensteel,[16] and has since been working to apply this model of operation to other countries, including Australia[37] and the United States.
[45] The collapse revealed that Greensill had lent £400m to companies owned or linked to Gupta, using the coronavirus large business interruption loan scheme (CLBILS), which benefited from an 80% government guarantee.
[48] In April 2024, Grant Thornton, the administrators for Greensill, published a report revealing that they were still owed round $587.2m (£472m) from GFG Alliance.
[49] As of February 2025[update], Gupta's companies are still under investigation by the SFO, which "is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business of companies within the Gupta Family Group (GFG) Alliance, including its financing arrangements with Greensill Capital UK Ltd".
In October 2019 they bought Bomera,[57] an eight-bedroom, five-bathroom, 19th-century Italianate villa in Potts Point, Sydney, Australia, which they purchased for A$34 million.
[59] In February 2025, plans were approved to renovate his Bomera, including a new swimming pool, "wellness rooms", and a new water feature.