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Market Watch

Hinduja Family

NationalityIndian

LeagueBusiness Family

Net Worth$13.7 billion (as of August 31, 2020)

Hinduja Family's Assets:

Hinduja Group
Ashok Leyland
Gulf Oil
IndusInd Bank Limited
Hinduja Bank (Switzerland) Ltd
Hinduja Global Solutions (HGS)
Hinduja National Power Corp Ltd
Hinduja Foundries Limited
NXTDigital
Hinduja Realty Ventures (HRVL)
Hinduja Automotive Limited (UK)
Hinduja Foundation

Hinduja Family's Journey so far ...

The Hinduja Group was founded by Parmanand Deepchand Hinduja or P.D. Hinduja more than a century ago in the Sindh region which was then a part of undivided India
With a knack for identifying opportunities, P.D. Hinduja moved to Bombay (now called Mumbai) -- the financial capital of India -- in 1914
Back then, his business was primarily involved in merchant banking and trade
The company got its first overseas office in Iran in 1919
Till 1979, the company was headquartered in Iran and later moved to Europe
The Hinduja Group is currently headed by P.D. Hinduja’s sons Srichand, Gopichand, Prakash and Ashok. According to the group’s website, they are affectionately referred to as SP, GP, PP and AP respectively by their business associates and friends
The brothers took their father’s business -- which formed trade links between India and Iran -- to the next level by strategic diversification and established it as an international conglomerate
Srichand, who joined the business in 1952, serves as the chairman of Hinduja Group, Hinduja Bank of Switzerland as well as of Hinduja Foundations (the philanthropic arm of the group). He has been credited for the creation of the private lender IndusInd bank
Gopichand started working in the group’s Mumbai office in 1959 and currently holds office as the co-chairman of Hinduja Group and as the chairman of Hinduja Automotive Limited, UK. He pioneered the acquisition of Gulf Oil in 1984 and that of Ashok Leyland in 1987
A graduate from Jai Hind College, Mumbai, Gopichand also led the formation of the group’s power and infrastructure division
Starting out in Iran, Tehran, Prakash soon moved to Geneva to look after the company’s Europe branch. He has been based out of Monaco since 2008 and presently, is the chairman of Hinduja Group (Europe)
Ashok is responsible for the group’s India operations. He is designated as the chairman of Hinduja Group of Companies (India)
A commerce graduate from the University of Mumbai, apart from looking after various business verticals in India, Ashok also takes care of various philanthropic activities of the Hinduja Foundation
From the third generation of the Hinduja family, Sanjay, Ajay, Vinoo, Ramkrishan (Remi), Dheeraj and Shom are involved in the family business
Today, the Hinduja Group is a $11 billion business empire spread across 38 countries and employs over 1,50,000 people. The group has interests in various sectors which include automotive, IT, media, entertainment & communications, infrastructure, oil & speciality chemicals, power, real estate and healthcare

Before you go ...

The brothers own a series of high-end real estate in London including a house near the Buckingham Palace
By the end of the 20th century, the Hinduja family had become one of the wealthiest in Britain, and, in 2019, topped the annual rich list of Britain's wealthiest

Last Updated: 11/02/2021

Hinduja Family News

Hinduja family tops UK's rich list under next-gen brothers
The Hinduja family has once again secured the top position as the UK's wealthiest. Sanjay and Dheeraj Hinduja lead the family with an estimated 38 billion pounds. This marks their fifth consecutive year at the pinnacle of the Sunday Times Rich List. Other prominent Indian-origin families like the Reubens also feature prominently in the top rankings.
Hinduja said to seek $200 million for Ashok Leyland’s electric mobility services unit
Ashok Leyland is exploring a $200 million funding round for its electric mobility unit, OHM Global Mobility. The Hinduja family's conglomerate is working with an adviser to attract global private equity firms, potentially valuing OHM between $800 million and $1 billion. The company offers pay-per-use electric bus contracts, aiming to expand its fleet significantly.
Hinduja Group Chairman Gopichand P Hinduja dies at 85 in London hospital: Report
Gopichand P Hinduja, chairman of the Hinduja Group and a prominent British businessman, has passed away in London at 85. He led the global conglomerate, transforming it into an industrial powerhouse with significant acquisitions like Gulf Oil and Ashok Leyland. Hinduja represented the second generation of the family's storied business legacy.
IndusInd Bank targets system-level growth next financial year: CEO
IndusInd Bank, following an organizational overhaul and accounting lapses, anticipates growth aligned with the banking sector in FY27. The new CEO, Rajiv Anand, aims for a 1% return on assets within 18 months and plans to focus on commercial vehicle financing while reducing microloan exposure. The bank does not currently require capital raises from external investors.
Prakash Hinduja on reimagining philanthropy for the next generation
The Hinduja Foundation is evolving its philanthropic approach. Prakash Hinduja emphasizes adapting to modern tools and partnerships. The focus is on digital engagement and collaborative networks. The foundation supports leadership development and emergency response. It encourages a shift to community-centric models. The Hinduja family aims to innovate while honoring its legacy. They promote learning and working together for greater impact.
IndusInd Bank to raise up to $3.5 billion, allow Hindujas to nominate two board seats
IndusInd Bank aims to raise up to $3.47 billion through debt and securities to recover from a $230 million accounting lapse that led to executive resignations. The Hinduja family, with a 15.82% stake, can now nominate two board directors after central bank approval. The bank is also searching for a new CEO, with first-quarter results due on July 28.
IndusInd Bank hasn't sought any capital; opportune time for promoters to up stake: Ashok Hinduja
IndusInd Bank, despite an accounting discrepancy that revealed a potential Rs 2,100 crore impact, has adequate capital and hasn't sought fresh funds from its promoters, according to Hinduja Group's Ashok Hinduja. The promoters aim to increase their stake from 16% to 26%, taking advantage of the current low stock prices. An external auditor will further investigate the discrepancy.
Hindujas 'appalled' by Swiss court's jail term order; File appeal
The statements follow a hearing in the Swiss city of Geneva after prosecutors opened the case for alleged illegal activity, including exploitation, human trafficking and violation of Switzerland's labour laws. The family members were accused of seizing the workers' passports, barring them from leaving the villa and forcing them to work very long hours for a pittance in Switzerland, among other things.
Hinduja Family, UK's richest, facing charges for human trafficking, paying domestic staff less than spending on dog in Switzerland
Four members of the Hinduja family are facing charges in Switzerland over allegations of exploiting their domestic staff, including human trafficking and unfair treatment. The case highlights stark contrasts in treatment and expenditures on their staff and pet dog, sparking a broader conversation on domestic worker mistreatment in Geneva.
Hinduja family staff settle civil lawsuit over domestic workers’ exploitation allegations
A deal to end the civil suit was reached this week, Olivier Peter, a lawyer for one of the three claimants said, without confirming the details of the accord. The settlement comes more than six years after the workers filed their case. The legal proceedings have been beset by delays but got underway this week in Geneva.
Human trafficking case: Hinduja scion in Swiss human-trafficking trial says nanny was like a ‘second mum’
Hinduja human trafficking case: The scion of the billionaire Hinduja family is facing accusations of overworking a nanny at his Swiss villa. Ajay Hinduja denies the allegations, stating that the nanny was like a second mother to his children. The family is also accused of human trafficking and mistreatment of household staff, with the trial ongoing in Geneva.
Infosys shareholding boosts British PM Rishi Sunak, wife Akshata Murty's rank in Sunday Times Rich List
British Prime Minister Rishi Sunak and wife Akshata Murty rise in the 'Sunday Times Rich List' to 245th place with GBP 651M wealth, notably from Murty's Infosys shares. Murty's earnings surpass Sunak's, boosted by GBP 13M in dividends. Indian-origin Hinduja family leads with GBP 37.196B wealth, as Sir Paul McCartney becomes UK's first billionaire musician.
At the moment, India is the best destination for investment: Gopichand Hinduja
The Hinduja Group is planning to go for an initial public offering (IPO) by the middle of next year, according to Ashok Hinduja, Chairman (India) of the group. The listing would allow global high net worth shareholders to partly exit and generate value. The group is currently reviewing potential listing locations, including Singapore, Dubai, Luxembourg, and Mauritius. Gopichand Hinduja, Chairperson of the group, expressed confidence in India's growth potential and praised Prime Minister Modi's vision, while also emphasizing the importance of implementing that vision effectively.
India has lot of potentiality for growth; government needs to further improve ease of doing business: GP Hinduja
Gopichand P Hinduja, Chairman of the Hinduja Group, believes that India has the potential for significant growth and could become the world's third-largest economy by 2030. However, he suggests that the government should focus on improving the ease of doing business by expediting policy implementation and forming a committee to address obstacles.
Adani Enterprises, Nykaa among 10 stocks with RSI trending up
On September 5, Tuesday, StockEdge reported 30 stocks with an upward RSI trend, and ETMarkets has handpicked these 10 stocks for investors to watch. We'll dive into what RSI is, why it's a crucial indicator, and how these stocks might offer potential investment opportunities.
Hindujas look to raise up to $1b to finance Reliance Capital acquisition
The Hinduja family is reportedly exploring raising up to $1bn to fund its acquisition of Reliance Capital, for which it is the preferred bidder. The financing timeline could take between three and six months, depending on legal issues and court approvals for the acquisition, and the final list of financiers could change, sources said.
Billionaire Hinduja family's truce uncertain, London court told
A ruling published in November said the Hindujas' lawyers had told a judge in June that they would end "all disputes existing between them in all jurisdictions", including a lawsuit at London's High Court over the Hinduja family's assets.
UK's Asian Rich list: Hinduja family retain top spot, UK PM Sunak, his wife make debut
British Prime Minister Rishi Sunak and his wife Akshata Murty have made their debut on the UK's 'Asian Rich List 2022' topped by the Hinduja family. Sunak and his wife, whose father N R Narayana Murthy co-founded Indian IT major Infosys, are ranked 17th on the list, with an estimated wealth of 790 million pounds.
November deadline to split $14 billion Hinduja empire
The nub of the issue is the legal validity of the 2014 agreement signed by the four Hinduja brothers - SP, GP, Ashok and Prakash - that "everything belongs to everyone, and nothing belongs to anyone." Additionally, it was also agreed then that each one of the brothers will be the executor of the other's will.
The $14 billion feud that splintered the Hinduja family
Hindujas, Britain’s richest family oversaw an Anglo-Indian business empire that’s lasted over a century from their shared family homes in London, Mumbai and Geneva. But, with the ailing of the patriarch Srichand, known as SP, who suffers from dementia a feud has splintered the family.
Billionaire Hinduja family agrees truce in legal battle
The Court of Appeal in London largely rejected an appeal over restrictions on reporting the dispute, which was contested in a specialist court in a case which centred on the health of 86-year-old patriarch Srichand Hinduja.
PE firms partner each of four IDFC MF suitors; TPG-IndusInd, Bandhan Bank-GIC among consortia in fray
The TPG-IndusInd combination is competing with three other such groups that have got formed ahead of the mid-March binding bid deadline. It is after a long time that each of the shortlisted contenders - home-grown banks and global asset management firms - in the fray has tied up with a private equity firm.
The Hinduja family feud puts a century-old business empire in jeopardy
With a collective net worth of about $15 billion, the four brothers always presented a united front, with little to suggest that not all was well in the House of Hinduja.
Gokaladas Exports raises Rs300 cr through QIP
Gokaldas Exports, backed by ex. Blackstone India head Mathew Cyriac, has successfully closed its share sale, with marquee institutional investors such as SBI Mutual Fund, Nippon Mutual Fund, Goldman Sachs Asset Management, HSBC Asset Management and Tata Mutual Fund subscribing to shares in the QIP.
Everything about IndusInd is known. The panic is exaggerated
IndusInd’s outgoing CEO Romesh Sobti shares the truth behind every doubt in the minds of investors.
Ashok Hinduja lets out his inner shopaholic, plays supportive husband at wife Harsha's bonsai exhibition
Hinduja interacted with small-scale entrepreneurs.
'Theresa May's India visit to give new opportunity to strengthen ties'
May said she would be proud to "highlight the achievements of British-Indians next month when I make my first official visit to India as Prime Minister.
Mukesh Ambani again tops Forbes list of richest Indians
New entrants include Acharya Balkrishna at No. 48.The primary stakeholder and managing director of Patanjali Ayurvedahas a net worth of $2.5 billion.
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