:Sanjeev Gupta

{{Infobox person

| name = Sanjeev Gupta

| image =

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| birth_name = Sanjeev Gupta

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| birth_place = Ludhiana, Punjab, India

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| nationality = British

| education = St Edmund's School

| alma_mater = Trinity College, Cambridge

| occupation = Businessman

| known for = Founder of Liberty House Group

| title = Chairman, Liberty House

| term =

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| spouse = {{marriage|Nicola Crumpton|2008}}

| children = 3

| parents =

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| website =

}}

Sanjeev Gupta is an Indian-born British businessman, and the founder of Liberty House Group. He is the CEO and chairman of GFG Alliance, an international conglomerate that operates primarily in the steel and mining industries, its major subsidiaries being the Liberty Steel Group, Alvance Aluminium Group, and the SIMEC Group, which develops and produces renewable energy. After building the family business largely by the purchase of various steelmaking businesses in the UK, he purchased Arrium in Australia in 2017, followed by aluminium businesses in Europe. Following the collapse of Greensill Capital in the UK in 2021, Gupta has been under scrutiny for his ties to the failed company. He is also in trouble in Australia, where his company that owns the Whyalla Steelworks was forced into administration by the Government of South Australia in February 2025, with unpaid debts totalling more than A$300 million. He has homes in the UK, Dubai, and Australia.

Early life and education

Sanjeev Gupta was born in Ludhiana, Punjab, India,{{cite news|url=http://www.ft.com/cms/s/0/c68f2216-fce7-11e5-b3f6-11d5706b613b.html|title=Sanjeev Gupta – the trader aspiring to be a steel baron|date=8 April 2016|publisher=Financial Times|last1=Ford|first1=Jonathan|accessdate=10 April 2016| url-access=subscription}} the third of four children of Parduman K. Gupta, who founded the SIMEC Group. Both his father and grandfather were industrialists and businessmen.{{cite news|last1=Doshi|first1=Vidhi|title=Sanjeev Gupta: from college dorm deals to UK steel's great hope|url=https://www.theguardian.com/business/2016/apr/06/sanjeev-gupta-uk-steel-tata|accessdate=10 April 2016|work=The Guardian|date=6 April 2016}}

At age 13 he was enrolled at St Edmund's School, Canterbury, UK as a boarder. After completing his A-levels he spent his gap year selling bicycles in Turkey for his father{{cite news|url=https://www.bbc.co.uk/news/uk-wales-36016578|title=Who is Sanjeev Gupta?|first=Brian|last=Meechan|work=BBC News |date=12 April 2016|publisher=|accessdate=8 December 2017}} before enrolling to study economics at Trinity College, Cambridge. It was there that in February 1992 he founded the Liberty House Group. He was thrown out of residential halls at Trinity for registering a private business there, which breached the college’s charitable status.{{Cite news |title=What happened at Greensill and GFG? |language=en-GB |work=BelfastTelegraph.co.uk |url=https://www.belfasttelegraph.co.uk/business/uk-world/what-happened-at-greensill-and-gfg/40587818.html |access-date=2023-03-25 |issn=0307-1235}}{{cite web |first =Simon |last = Evans |title=How Liberty House and Sanjeev Gupta clinched the Arrium deal |website=Australian Financial Review |date=5 July 2017 |url=https://www.afr.com/companies/mining/how-liberty-house-and-sanjeev-gupta-clinched-the-arrium-deal-20170705-gx51u1 |access-date=19 February 2025}} That repeatedly got him into trouble with the college dean. While his business was generating £1m a day, he switched to study economics and business management instead, a move which he claims freed up time to work on the business.

Career

= Trading roots =

Initially, Liberty House traded steel, rice, sugar, fast-moving consumer goods, engineering and other goods{{Cite news|url=https://qz.com/975470/the-tycoon-from-punjab-who-swam-against-the-tide-to-rescue-the-british-steel-industry/|title=The tycoon from Punjab who swam against the tide to rescue the British steel industry|last=Balachandran|first=Manu|work=Quartz|access-date=2017-05-25|language=en-US}} as a part of the family business but it soon diversified into specific commodities and brought together the trading business under three categories—steel, chemicals, and agriculture. In 2009, it entered steel making, buying plants in Africa.{{Cite web|url=https://chronicleillinois.com/news/peoria-county-news/british-industrialist-buys-130-year-old-peoria-based-steel-rod-plant/|title=British industrialist buys 130-year-old Peoria-based steel rod plant|date=2018-12-05|website=Chronicle Media|language=en-US|access-date=2020-02-06}} A year later in 2010, it was in Asia, setting up the regional headquarters in Singapore and a hub in Hong Kong in 2012 to focus on China.{{citation needed|date=November 2017}}

= Industrial expansion =

In 2013, Liberty House Group entered the UK through the purchase of Mir Steel UK (previously Aphasteel),{{Cite news|url= https://www.bbc.co.uk/news/uk-wales-36016578 |title=Tata Steel UK sale: Who is Sanjeev Gupta?|last=Meechan|first=Brian |date=2016-04-12|work=BBC News|access-date=2017-05-25 |language=en-GB}} a steel mill in Newport, South Wales, stopping it from being shut down. The business was formally re-launched as Liberty Steel Newport in October 2015.{{Cite news|url=https://www.bbc.com/news/uk-wales-south-east-wales-34538681|title=Steelworks reopens after two years|last=Meechan|first=Brian|date=2015-10-16|work=BBC News|access-date=2020-02-06|language=en-GB}} In the two and a half years leading up to the re-opening Gupta kept the entire 150 people workforce{{Cite news|url= https://www.bbc.co.uk/news/uk-wales-south-east-wales-34538681 |title=Liberty steelworks in Newport reopens after two years|last=Meechan|first=Brian |date=2015-10-16|work=BBC News|access-date=2017-05-25 |language=en-GB}} on half-pay while he tried to get the mothballed site operating again. 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.{{Cite web|url= http://www.libertyhousegroup.com/our-businesses/liberty-steel/liberty-steel-newport/ |title=Liberty Steel Newport - Liberty House Group|website=www.libertyhousegroup.com |language=en|access-date=2017-05-25}}

In November{{Cite news|url= https://www.telegraph.co.uk/finance/newsbysector/industry/12022732/Liberty-saves-350-jobs-after-Caparo-steel-empire-topples.html |title=Liberty saves 350 jobs after Caparo steel empire topples|work=Telegraph.co.uk |access-date=2017-05-25 |language=en}} and December 2015{{Cite news|url= http://www.walesonline.co.uk/business/business-news/more-steel-jobs-saved-guptas-10584409 |title=More steel jobs saved as Guptas buy remaining Caparo businesses|last=Kelsey|first=Chris |date=2015-12-11 |work=walesonline|access-date=2017-05-25}} 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.

In March 2016 Liberty House reached an agreement for the purchase of the last two previously mothballed steel manufacturing sites in Scotland from Tata Steel UK. 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. The Dalzell site which manufactures steel plate was re-launched on 28 September 2016 by Scotland's First Minister Nicola Sturgeon.{{Cite news|url= https://www.bbc.co.uk/news/uk-scotland-scotland-business-37486003 |title='Last' Scottish steelworks at Dalzell plant in Motherwell formally reopens|date=2016-09-28 |work=BBC News|access-date=2017-05-25|language=en-GB}}

In April 2016 when Tata Steel UK announced its intention to sell its UK based operations, Gupta launched a daring bid for the business,{{Cite news|url= http://economictimes.indiatimes.com/industry/indl-goods/svs/steel/sanjeev-guptas-firm-liberty-to-bid-for-tata-steels-port-talbot-unit-today/articleshow/52074401.cms |title=Sanjeev Gupta's firm Liberty to bid for Tata Steel's Port Talbot unit today|work=The Economic Times|access-date=2017-05-25}} and launched Liberty House's Greensteel strategy.

In October 2016, Liberty House launched its steel recycling division called Liberty Metals Recycling.{{Cite news|url= http://www.letsrecycle.com/news/latest-news/liberty-group-targets-uk-scrap-metal-market/ |title=Liberty Group targets UK scrap metal market - letsrecycle.com|work=letsrecycle.com |access-date=2017-05-25|language=en-GB}}

In November 2016, Gupta finalised the purchase of Tungsten Bank, and renamed it Wyelands Bank, after the country house estate Wyelands he owns near Chepstow.{{cite web|url=http://www.cityam.com/253758/liberty-house-founder-sanjeev-gupta-completes-purchase|title=Liberty House founder to launch new "industry friendly" UK bank|first=Francesca|last=Washtell|date=16 November 2016|website=cityam.com|accessdate=22 February 2018}}{{cite news|url=https://www.telegraph.co.uk/business/2016/12/03/sanjeev-gupta-man-sees-opportunity-uk-industry-others-dont/|title=Sanjeev Gupta: the man who sees opportunity in UK industry where others don't|first=Alan|last=Tovey|newspaper=The Telegraph |date=3 December 2016|publisher=|accessdate=22 February 2018|via=www.telegraph.co.uk}}

In November 2016 Liberty House entered into exclusive negotiations with Tata Steel UK for the acquisition of its speciality steels business{{Cite news|url= https://www.theguardian.com/business/2016/nov/28/tata-uk-speciality-steels-sanjeev-gupta-liberty-house |title=Tata to sell UK speciality steels business in £100m deal|last=Ruddick|first=Graham |date=2016-11-28|work=The Guardian|access-date=2017-05-25 |language=en-GB|issn=0261-3077}} based in West Yorkshire and China. In February 2017 Tata Steel UK and Liberty House signed an agreement on the purchase, and the deal was completed in April 2017.{{Cite news|url= https://www.theguardian.com/business/2017/may/02/tata-deal-with-liberty-house-saves-1700-uk-steel-jobs |title=Tata deal with Liberty House saves 1,700 UK steel jobs|last=Monaghan|first=Angela |date=2017-05-02|work=The Guardian|access-date=2017-05-25|language=en-GB|issn=0261-3077}} The acquisition saved 1,700 jobs across sites in Rotherham, Stocksbridge and Brinsworth, Bolton and Wednesbury.{{cite news|url=https://www.theguardian.com/business/2017/may/02/tata-deal-with-liberty-house-saves-1700-uk-steel-jobs|title=Tata deal with Liberty House saves 1,700 UK steel jobs|first=Angela|last=Monaghan|newspaper=The Guardian |date=2 May 2017|publisher=|accessdate=8 December 2017|via=www.theguardian.com}}

In December 2016, the Gupta-led GFG Alliance completed the acquisition of Britain's last aluminium smelter at Fort William in Lochaber, along with the hydro-power plants at Kinlochleven and Fort William.{{Cite news|url=https://www.bbc.com/news/uk-scotland-highlands-islands-38347572|title=Major investment for Highlands smelter|date=2016-12-19|work=BBC News|access-date=2020-02-06|language=en-GB}}

In August 2017, after it had entered voluntary administration,{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/gfg-alliance-completes-acquisition-of-arrium/articleshow/60311440.cms?from=mdr|title=GFG Alliance completes acquisition of Arrium|last=Gaur|first=Vatsala|date=2017-08-31|work=The Economic Times|access-date=2020-02-06}} Gupta's Liberty Steel acquired Australian iron and steelmaking business Arrium, which included the Whyalla Steelworks in South Australia.{{cite web|url= http://www.abc.net.au/news/2017-08-31/whyalla-prepares-to-celebrate-arrium-steelworks-sale/8860998 |title=Whyalla steelworks deal signed, with big investment promised |newspaper=ABC News |author1=Khama Reid |author2=Annabelle Regan |date= 2017-09-01 |accessdate= 2017-10-09}}

In December 2017, Gupta entered the US market by acquiring the Georgetown steelworks{{Cite web|url=https://www.postandcourier.com/business/london-based-liberty-house-completes-acquisition-of-georgetown-s-steel/article_d39a60d0-e401-11e7-a78b-9ba3ab404204.html|title=London-based Liberty House completes acquisition of Georgetown's steel mill|last=Wren|first=David|website=Post and Courier|date=18 December 2017 |language=en|access-date=2020-02-06}} and expanded the US presence by acquiring Export Metals in March 2018.{{Cite web|url=https://www.argusmedia.com/en/news/1705798-gfg-alliance-may-buy-more-us-metals-assets-this-week|title=GFG Alliance may buy more US metals assets this week|date=2018-06-26|website=www.argusmedia.com|language=en|access-date=2020-02-06}} At the end of 2018, he purchased Keystone Consolidated Industries.{{Cite news|url=https://www.reuters.com/article/us-liberty-steel-m-a-idUSKBN1O219T|title=Industrialist Sanjeev Gupta buys U.S.-based KCI for $320 million|date=2018-12-03|work=Reuters|access-date=2020-02-06|language=en}}

During December 2018, Gupta acquired Aluminium Dunkerque,{{Cite web|url=https://www.ft.com/content/23338b08-ffc7-11e8-ac00-57a2a826423e|title=Gupta completes $500m deal for Dunkerque smelter |work=Financial Times |url-access=subscription |access-date=2020-02-06}} the largest aluminium smelter in Europe. This followed the acquisition of AR Industries,{{Cite web|url=https://business-review.eu/business/arcelor-mittal-galati-completes-acquisition-of-aluminium-dunkerque-europes-largest-aluminium-smelter-193622|title=Arcelor Mittal Galati completes acquisition of Aluminium Dunkerque, Europe's largest aluminium smelter|date=2018-12-17|website=Business Review|language=ro|access-date=2020-02-06 }} a French aluminium wheel manufacturer.

In April 2019, Gupta acquired a second bank which he renamed the Commonwealth Trade Bank.{{Cite web|url=https://www.cityam.com/sanjeev-gupta-launches-commonwealth-trade-bank-one-eye/|title=Sanjeev Gupta launches Commonwealth Trade Bank with one eye on Brexit|date=2019-04-08|website=CityAM|language=en-GB|access-date=2020-02-06}} 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.{{Cite news|url=https://www.ft.com/content/df27e920-9bd6-11e9-b8ce-8b459ed04726|title=Gupta completes deal for European assets of Arcelor |work=Financial Times |date=July 2019 |access-date=2020-02-06 |url-access=subscription}}

In October 2019, Gupta consolidated all his global steel businesses to form Liberty Steel Group, which he announced would aim to be the world's first carbon neutral company by 2030.{{Cite news|url=https://www.ft.com/content/b87bda52-f9a5-11e9-98fd-4d6c20050229|title=Gupta steel empire aims to be carbon neutral by 2030 |work=Financial Times |date=29 October 2019 |access-date=2020-02-06 |url-access=subscription}} He extended that target to his aluminium businesses, which he grouped together to form ALVANCE Aluminium Group, which he announced in January 2020.{{Cite web|url=https://www.nasdaq.com/articles/gfg-alliance-to-group-aluminium-assets-into-new-firm-based-in-paris-2020-01-20|title=GFG Alliance to group aluminium assets into new firm based in Paris|author= Eric Onstad |website= NASDAQ|language=en|access-date=2020-02-06}}

Gupta has been dubbed the man who can save{{Cite news|url=https://scroll.in/article/838657/uks-man-of-steel-a-tycoon-from-punjab-swam-against-the-tide-to-rescue-british-steel-industry|title=UK's 'Man of Steel': A tycoon from Punjab swam against the tide to rescue British steel industry|last=qz.com|first=Manu Balachandran|work=Scroll.in|access-date=2017-05-30|language=en-US}} the British steel industry{{Cite news|url=https://www.telegraph.co.uk/business/2016/04/09/is-this-the-man-who-can-save-britains-steel-industry/|title=Is this the man who can save Britain's steel industry?|work=The Telegraph|access-date=2017-05-25|language=en-GB}} through an approach called Greensteel,{{Cite web|url=http://www.libertyhousegroup.com/company/vision/|title=GREENSTEEL: A brighter future for UK Steel|website= Liberty House Group|language=en|access-date=2017-05-25}} and has since been working to apply this model of operation to other countries, including Australia{{Cite news|url=http://www.theaustralian.com.au/business/leadership/can-britains-man-of-steel-sanjeev-gupta-save-whyalla/news-story/4b76694a53a86c68cb0c97619fae8665|title=Can UK man of steel save Whyalla? |work=The Australian|date=20 May 2017}} and the United States.{{Cite news|url=https://www.reuters.com/article/us-libertyhouse-m-a-arcelormitta-idUSKBN17N1E9|title=Liberty House to buy ArcelorMittal's U.S. Georgetown steel plant|date=2017-04-21|work=Reuters|access-date=2017-05-25}}

Having founded Liberty Steel Central Europe Holdings Pte. Ltd. in Singapore on December 22, 2022 he successfully bid{{cite press release |author= |date=July 11, 2023 |title=A kormány megmentette a Dunaferrt |trans-title=The government has saved Dunaferr |url=https://kormany.hu/hirek/a-kormany-megmentette-a-dunaferrt-a-liberty-steel-nyertes-ajanlata-fontos-merfoldko-de-a-munka-neheze-csak-most-kezdodik |language=hu |location=Budapest, Hungary |publisher=Hungarian Government |access-date=2023-08-08}} €55M on Dunaferr Steel Mill, Hungary's largest steel mill and became the new owner, adding Dunaferr to his portfolio.

Awards and recognition

The HRH Prince of Wales appointed Gupta as an official HRH Ambassador for Industrial Cadets in March 2018.{{Cite news |title=Prince Charles appoints Indian-origin steel tycoon as UK skills ambassador |url=https://economictimes.indiatimes.com/nri/nris-in-news/prince-charles-appoints-indian-origin-steel-tycoon-as-uk-skills-ambassador/articleshow/63214043.cms |date=8 March 2018 |work=The Economic Times |access-date=7 February 2020}}

Legal problems

= Ties to Greensill Capital =

Following the 2021 collapse of Greensill Capital, Gupta has been under scrutiny for his ties to the failed company,{{Cite news |last1=Comfort |first1=Nicholas |last2=Arons |first2=Steven |last3=De Paoli |first3=Lucca |date=3 March 2021 |title=Greensill Woes Deepen as Germany Shutters Bank Unit |url=https://www.bloomberg.com/news/articles/2021-03-03/german-probe-found-greensill-incorrectly-booked-gupta-claims |work=Bloomberg |language=en |access-date=2 April 2021}} involving opaque financing and sales invoices that Greensill's administrator has been unable to verify.{{cite web |last1=Browning |first1=Jonathan |title=UK to investigate audits into Greensill and Gupta's bank |date=28 June 2021 |url=https://www.smh.com.au/business/companies/uk-to-investigate-audits-into-greensill-and-gupta-s-bank-20210628-p5851y.html |publisher=Sydney Morning Herald |access-date=2021-06-28}}{{Cite web |last=Pooler |first=Michael |date=26 September 2019 |title=How Sanjeev Gupta's empire is fuelled by opaque financing |url=https://www.ft.com/content/e8e2d33c-dfb3-11e9-b112-9624ec9edc59 |website=Financial Times |access-date=2 April 2021}} In April 2021, a Member of Parliament in the UK accused Gupta of running "a potential Ponzi scheme".{{Cite web |last=Kelso |first=Paul |date=25 March 2021 |title='I don't know what else we would do': Liberty Steel workers face uncertainty as MPs demand answers |url=https://news.sky.com/story/i-dont-know-what-else-we-would-do-liberty-steel-workers-face-uncertainty-as-mps-demand-answers-12256653 |website=Sky News |language=en |access-date=2 April 2021}} Greensill Capital's bankruptcy administrator was unable to verify invoices underpinning certain loans to Gupta, with companies listed on the invoices denying that they had ever done business with Gupta.{{Cite web |last1=O'Murchu |first1=Cynthia|last2=Smith |first2=Robert |date=1 April 2021 |title=Greensill Capital's administrator unable to verify Gupta invoices |url=https://www.ft.com/content/fe234f59-75b9-44f7-af8a-f05e588957b7 |website=Financial Times |access-date=2 April 2021}} 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.{{Cite news |last=Simpson |first=Jack |date=2024-10-10 |title=Sanjeev Gupta prosecuted for failing to file accounts for more than 70 companies |url=https://www.theguardian.com/business/2024/oct/10/sanjeev-gupta-prosecuted-failing-file-accounts-steel |access-date=2024-11-11 |work=The Guardian |language=en-GB |issn=0261-3077}}

In May 2022, the Serious Fraud Office (SFO) announced they were launching a criminal investigation into the Gupta Family Group Alliance (GFG) into suspected fraud linked to the collapse of Greensill Capital.{{Cite news |last=Simpson |first=Jack |date=2024-10-10 |title=Sanjeev Gupta prosecuted for failing to file accounts for more than 70 companies |url=https://www.theguardian.com/business/2024/oct/10/sanjeev-gupta-prosecuted-failing-file-accounts-steel |access-date=2024-11-11 |work=The Guardian |language=en-GB |issn=0261-3077}} This is ongoing.{{Cite web |title=Gupta Family Group Alliance (GFG) |url=https://www.sfo.gov.uk/cases/gupta-family-group-alliance-gfg/ |access-date=2024-11-11 |website=Serious Fraud Office |language=en}}

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.{{Cite web |last=Ward-Brennan |first=Maria |date=2024-04-17 |title=Sanjeev Gupta's GFG Alliance still owes Greensill Capital nearly £500m |url=https://www.cityam.com/sanjeev-guptas-gfg-alliance-still-owes-greensill-capital-nearly-500m/ |access-date=2024-11-11 |website=City AM |language=en-GB}} {{as of|February 2025}}, 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".

=Companies House prosecution=

In October 2024, Gupta was being prosecuted by Companies House for failing to file accounts for 76 companies listed in Britain, including Liberty Commodities.{{Cite news |last=Simpson |first=Jack |date=2024-10-10 |title=Sanjeev Gupta prosecuted for failing to file accounts for more than 70 companies |url=https://www.theguardian.com/business/2024/oct/10/sanjeev-gupta-prosecuted-failing-file-accounts-steel |access-date=2024-11-11 |work=The Guardian |language=en-GB |issn=0261-3077}} Gupta pled not guilty.{{Cite web |last=Ward-Brennan |first=Maria |date=2024-10-10 |title=Sanjeev Gupta: Steel tycoon faces criminal charges over missing accounts for 76 firms |url=https://www.cityam.com/sanjeev-gupta-steel-tycoon-faces-criminal-charges-over-accounts-for-76-firms/#:~:text=Steel%20tycoon%20Sanjeev%20Gupta%20faces,according%20to%20the%20Financial%20Times. |access-date=2024-11-11 |website=City AM |language=en-GB}}

Personal life

Gupta's wife Nicola Crumpton is from Canvey Island, Essex, and was the treasurer of his company.{{cite web|last=Meechan |first=Brian |date=12 April 2016 |title=Who is Sanjeev Gupta? |url=https://www.bbc.co.uk/news/uk-wales-36016578 |website=BBC |access-date=22 February 2018}} Gupta had kept his relationship with Crumpton secret for seven years before they married in 2008, the family's first cross-cultural marriage.{{cite web |last=Pagano |first=Margareta |date=1 February 2016 |title=Putting the steel back into British industry |url=https://www.independent.co.uk/news/business/analysis-and-features/sanjeev-gupta-interview-putting-the-steel-back-into-british-industry-a6847896.html |website=The Independent |access-date=22 February 2018}} They have three children.

From 2017, after acquiring Arrium in Australia, Gupta was based in Sydney for two years. In 2019 he moved back to his London base.{{cite web | last=Butler | first=Ben | title=Trouble at the mill: Sanjeev Gupta on Whyalla and its 'fundamental problems' | website=The Guardian | date=18 October 2019 | url=https://www.theguardian.com/australia-news/2019/oct/19/journalists-are-annoying-sanjeev-gupta-on-whyalla-and-its-fundamental-problems | access-date=22 February 2025}} Gupta and Crumpton bought a £42 million ($60 million) townhouse in Belgravia, London, during 2021.{{Cite news |last=Smith |first=Robert |date=March 19, 2021 |title=How Sanjeev Gupta lived large on the back of rickety financing |url=https://www.ft.com/content/8d5956d2-33e0-4ab0-a6d9-76cf63929bd9 |access-date=March 24, 2024 |work=The Financial Times}} In 2019 they also owned Wyelands, a country house estate near Chepstow in Wales. In October 2019 they bought Bomera,{{Cite web |last=Sweeney |first=Nila |date=15 October 2019 |title=Sanjeev Gupta buys Potts Point trophy home |url=https://www.afr.com/property/residential/sanjeev-gupta-buys-potts-point-trophy-home-20191015-p530ts |website=Australian Financial Review |language=en |access-date=7 February 2020}} an eight-bedroom, five-bathroom, 19th-century Italianate villa in Potts Point, Sydney, Australia, which they purchased for A$34 million. Gupta had previously been renting an apartment for {{AUD|30,000}} per week.{{cite web | last=Nicholls | first=Stephen | title=Billionaire steel tsar Sanjeev Gupta pays about $34m for Potts Point's grand Italianate mansion Bomera | website=realestate.com.au | date=14 October 2019 | url=https://www.realestate.com.au/news/billionaire-steel-tzar-sanjeev-gupta-pays-about-34m-for-potts-points-grand-italianate-mansion-bomera/ | access-date=22 February 2025}} In August 2024, Gupta bought a waterfront apartment in Woolloomooloo (near Potts Point), bought from radio presenter John Laws for at least A$10 million. At that time, he also owned a residence in Palm Jumeirah, Dubai.{{cite web | last=Robin | first=Myriam | title=Sanjeev Gupta's grand designs on Potts Point Sydney mansion | website=Australian Financial Review | date=8 October 2024 | url=https://www.afr.com/rear-window/sanjeev-gupta-s-grand-designs-on-sydney-mansion-20241008-p5kgpz | access-date=22 February 2025}} In February 2025, plans were approved to renovate his Bomera, including a new swimming pool, "wellness rooms", and a new water feature. At the same time, his company which owned the Whyalla Steelworks was severely in debt,{{cite web | last=Donnellan | first=Angelique | title=Sanjeev Gupta gets renovation approval on Sydney mansion while businesses in Tahmoor and Whyalla face uncertain futures | website=ABC News | date=13 February 2025 | url=https://www.abc.net.au/news/2025-02-13/sanjeev-gupta-renovate-mansion-while-whyalla-steelworks-in-debt/104931284 | access-date=22 February 2025}} with unpaid debts totalling more than {{AUD|300}} million.{{cite web | last1=Keane | first1=Daniel | last2=Pestrin | first2=Stacey | last3=Kelsall | first3=Thomas | last4=Dillon | first4=Meagan | title=Whyalla steelworks forced into administration by SA government, GFG no longer running site | website=ABC News | date=19 February 2025 | url=https://www.abc.net.au/news/2025-02-19/whyalla-steelworks-crisis-prompts-sa-government-intervention/104954448 | access-date=21 February 2025}}

{{as of|February 2025}} Gupta was living in Dubai.{{cite web | last=Verrender | first=Ian | title=Inside Sanjeev Gupta's rapidly shrinking business empire as Whyalla steelworks taken out of his control | website=ABC News | date=21 February 2025 | url=https://www.abc.net.au/news/2025-02-22/sanjeev-gupta-whyalla-global-empire-steel/104965788 | access-date=22 February 2025}}