Tycoon's England home goes on discount sale

Tycoon offers 23% discount on England mansion after UK exit — Anand Nadathur's father, Infosys co-founder Nadathur Raghavan

Anand Nadathur, a scion from one of India’s biggest fortunes who left the UK in 2024, has cut the asking price for his mansion in Surrey, England, by almost £5 million ($6.7 million) within the past year.

The 52-year-old son of Infosys Ltd. co-founder Nadathur Raghavan is now seeking £15 million for the eight-bedroom home, down from £19.5 million when it was offered in December, according to a listing. The property is located within a 960-acre (388-hectare) enclave for the ultra-wealthy near the town of Weybridge, about 20 miles south west of central London.

Nadathur and his wife bought the red-brick home with lily-pond gardens, indoor swimming pool and round-the-clock security for £16 million four years ago but subsequently left the UK ahead of tax changes aimed at wealthy international residents.

The cut-price listing is the latest sign of the malaise gripping the UK’s market for high-end homes, a downturn that’s been exacerbated by tax hikes on the rich. Nadathur also shut down a UK investment firm during August that he set up the year after acquiring the Surrey mansion, joining a wave of ultra-wealthy individuals curbing their ties to Britain as they build a new life overseas.

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Nadathur, who has moved to Singapore, didn’t respond to several requests for comment through his family’s namesake investment firm.

The tycoon’s UK retreat shows the deepening fallout from a series of tax hikes on wealthy residents who originally hailed from overseas, known as non-domiciled individuals.

Momentum for the reforms, which came into force last year, first gathered pace in 2022 when it emerged that Akshata Murty – the wife of then-UK Chancellor Rishi Sunak, and the daughter of another Infosys co-founder – claimed “non-dom” status, allowing her to avoid British taxes on her overseas wealth. The revelation prompted the Labour Party, then in opposition to Sunak’s Tories, to pledge to scrap the centuries-old program.

Murty subsequently vowed to pay UK taxes on her global wealth, most of which is derived from the Bengaluru-based software giant that Anand’s father left in 2000.

Other wealthy individuals curbing their UK ties include billionaire Checkout.com founder Guillaume Pousaz and Egypt’s second-richest man, Nassef Sawiris.

The UK wealth drain is “genuine,” Stuart Bailey, head of super-prime London sales at real estate broker Knight Frank. “A lot of people have been concerned about the nation’s direction of travel.”

Nadathur, who has served in the past decade as chief executive officer for a Singapore-based hospitality business backed by his family, emerged as a UK resident in August 2022 shortly after acquiring the home in St. George’s Hill.

Filings show he finalized his Singapore move little more than two years later after the Conservative government unveiled plans to abolish the non-dom regime. An expanded set of reforms were eventually implemented by Labour following the party’s July 2024 election win.

The 15,000 square foot (1,393 square meter) home in Weybridge was then available for sale in late 2025, with its asking price since cut on at least three occasions, according to web archives.

The Nadathur family still have a UK outpost through a namesake investment firm solely controlled by Anand’s 54 year-old brother, Sriram. Set up almost a decade ago, Nadathur UK Limited has five employees, according to its latest disclosures. The firm’s office was pictured in 2019 with contemporary art on meeting-room walls along with a pair of yellow arm-chairs and large plant pots on its carpeted floors.