Gupta family
| Current region | South Africa |
|---|---|
| Place of origin | Uttar Pradesh, India |
| Members | Ajay Gupta Atul Gupta Rajesh Gupta Varun Gupta |
| Estate | Sahara Estate, Saxonwold, Johannesburg |
The Gupta family is an Indian-South African business family whose most notable members are the brothers Ajay, Atul, Rajesh "Tony" Gupta as well as Atul Gupta's nephew Varun Gupta. They are controversial for their close relationship with South African president Jacob Zuma. The Gupta family owns a business empire spanning computer equipment, media and mining. In 2016 Atul Gupta became the 7th wealthiest person in South Africa with an estimated net worth of R10.7 billion (US$773.47 million), based on JSE-listed holdings.
The family migrated from the Indian state of Uttar Pradesh to South Africa in 1993, shortly before the country's first democratic elections, to establish Sahara Computers. The family is based at the Sahara Estate in Saxonwold, Johannesburg, a compound comprising at least four mansions and Dubai, United Arab Emirates.
The family owns a number of companies in a range of different industries ranging from energy to media publications. Their first venture into South Africa was the establishment of Sahara Computers and Sahara Systems (Pty) Ltd.
In mining, their interests include Oakbay Resources and Energy: Uranium and gold mining and processing company, the Shiva Uranium Mine, Tegeta Exploration and Resources, Westdawn Investments (Pty) Ltd t/a JIC Mining Services and Black Edge Exploration.
They have substantial media interests in South Africa through TNA Media (Pty) Ltd, including The New Age, a national newspaper, and ANN7 (African News Network), a 24-hour news channel.
Other interests include VR Laser Services steel fabrication for mining, engineering and armoured vehicle applications, Islandsite Investment 180, Confident Concepts, and have links to the passenger airline Jet Airways.
On 8 September 2016 Oakbay Investments – the family’s holding company responsible for all of their interests – released their annual audited results. For the financial year ended 29 February 2016, the company’s group revenue totaled R2.62 billion.
The Guptas and then vice-president Zuma first met at a function hosted by the Guptas at Sahara Estate in 2003. Since then the family have been involved in a number of events involving Zuma and his family. The family is known to have been a supporter of Zuma during his power struggle for leadership of the African National Congress (ANC) with then president Thabo Mbeki in 2005.
...
Wikipedia