Hinduja Group

Companies

Hinduja Group

Hinduja Group

Economy

Description

Hinduja Group is an Indian transnational conglomerate. The group is present in eleven sectors including automotive, oil and specialty chemicals, banking and finance, IT and ITeS, cyber security, healthcare, trading, infrastructure project development, media and entertainment, power, and real estate. The Hinduja brothers have around US$100 billion of assets around the world. The Hinduja family has around US$5billion of assets in America. The 2022 net worth of the Hinduja brothers was US$32 billion, making them the wealthiest people in the United Kingdom. In May 2023, company patriarch Srichand Hinduja died.

History

The company was founded in 1914 by Parmanand Deepchand Hinduja, who was from a Sindhi family based in India. Initially operating in Shikarpur (in modern-day Pakistan) and Bombay, India, he set up the company's first international operation in Iran in 1919. The headquarters of the group remained in Iran until 1979, when the Islamic Revolution forced it to move to Europe.

Group Chairman Srichand Hinduja and his brother Gopichand, also Co-Chairman, moved to London in 1979 to develop the export business; the third brother Prakash manages the group's operations in Geneva, Switzerland while the youngest brother, Ashok, oversees the Indian interests.

The group employs over 200,000 people and has offices in many major cities around the world including in India. In 2017, Srichand and Gopichand Hinduja were described as the wealthiest men in Britain with an estimated wealth of £16.2 billion in the Sunday Times Rich List 2017.

In 2015, at The Asian Awards, the Hinduja brothers were honoured with the Business Leader of the Year Award. Ashok Hinduja was felicitated with the ABLF Global Asian Award at the UAE Government-backed Asian Business Leadership Forum in 2017. OneOTT Intertainment Limited (OIL), the Media Vertical arm of Hinduja Group, was awarded the 2019 Innovation Leaders award by Telecomlead.com.

In May 2023, lead Hinduja chair Srichand Hinduja died in London at the age of 87.

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