THE boss of ailing steel company Caparo has plunged to his death from his penthouse flat.

Angad Paul was pronounced dead on the scene after falling from his central London flat on Sunday morning.

Police said they were not treating the 45-year-old’s death as suspicious.

Caparo, founded by Mr Paul’s father Lord Swraj Paul in 1968, has a global annual turnover of around £1 billion but called in administrators PwC last month to take over 16 of its 20 British operations.

PwC immediately shed 452 staff, with the remaining 1,200 facing an uncertain future.

The industry has been hammered by a combination of falling global prices and ministers’ refusal to take action to protect steel.

About 4,000 steelworkers lost their livelihoods in October alone while the TUC warns that one in six steelworkers across Britain faces the prospect of losing their job.

A Met Police spokeswoman said officers were called to Portland Place just after 11am on Sunday morning.

“London Ambulance Service and London’s Air Ambulance both attended and the man, believed to be in his mid-forties, was pronounced dead at the scene,” she said.

“Enquiries into the circumstances of the incident continue but it is being treated as non-suspicious at this stage.”

Mr Paul — who took over Caparo in 1996 — was involved in a number of other business ventures and was listed as the executive producer on many Guy Ritchie films, including Lock Stock And Two Smoking Barrels and Snatch.

He was also behind the Caparo T1, which was the world’s fastest supercar when it was launched in 2006.

He married lawyer Michelle Bonn in 2004 and has two children.