Angad Paul death: Close Caparo family lived together in exclusive apartment

Almost 50 years later, the billionaire tycoon still lives there, but now the complex has become the centre of a family tragedy.

On Sunday, Lord Paul's youngest son, Angad Paul, was found dead having plunged from the eight-storey property.

Emergency services were called after he was apparently seen lying down on the roof.

The father-of-two had lived there with his wife – 40-year-old lawyer Michelle Bonn, whom he married in 2004 – his parents and 57-year-old twin brothers Ambar and Akash.

Mr Paul was the high-profile chief executive of Caparo Industries.

He married his wife at London Zoo in October 2004 and the pair lived with the rest of the family at the exclusive London apartment block.

In an interview in 2010, the businessman – who was handed the reins of the family group in 1996 – said his work was 'never over', adding 'you have to be your own harshest critic'.

Lord Paul initially came to England to get treatment for his daughter Ambika, who died of leukaemia a short time later.

He founded Caparo in 1968 with a £5,000 loan and has gone on to become one of the wealthiest men in the country.

The Caparo Industries arm of the company, which has operations in Europe, Asia and North America, employed 1,700 workers in the Black Country until administrators were called in two weeks ago.

The firm has been hit by competition from cheap imports of Chinese steel, high energy prices, onerous business rates and a heavy debt load.

A week later the firm announced 450 UK redundancies, including 323 in the Black Country in Cradley Heath, Dudley, Darlaston, West Bromwich and Oldbury.

Lord Paul handed over the reigns to Caparo to father-of-two Angad in 1996. He was behind the creation of the Caparo T1 supercar, described as being the closest thing to a 'street legal' F1 car.

Just a year ago Caparo invested £1.6 million in its Black Country operations.

Yesterday, the Caparo group declined to comment on Mr Paul's death.