<h1>NRI industrialist, philanthropist and peer dies at 94; founded multinational steel group, charity renamed, legacy spans public service.</h1> A prominent NRI entrepreneur and philanthropist, who died aged 94, founded a UK-based multinational steel and engineering group with global operations and over USD 1 billion turnover, now managed by his children. He established a charitable trust supporting children's education and health, later renamed to honor a spouse; major beneficiaries include a children's zoo. He held a peerage and Privy Council membership and received a foreign civilian honor. His past hostile takeover bids of Indian firms prompted government intervention after legal disputes. His death ends an active role in parliamentary and diaspora affairs.