Hinduja brothers

Dubai, Jun 9 (PTI) Rich tributes were paid to the late Srichand Parmanand Hinduja, the eldest of the four Hinduja brothers and chairman of Hinduja Group, at a prayer meeting here attended by dignitaries, business partners, well-wishers, religious and community leaders. S.P. Hinduja died in London on May 17 after being unwell for some time. He was 87. At the commemoration event, Sheikh Nahyan bin Mubarak Al Nahyan, the UAE Minister of Tolerance and Coexistence, spoke of S.P. Hinduja as a businessman with sharp acumen and as a warm and friendly person who valued relationships. Sheikh Nahyan praised S.P. Hinduja’s achievements that have led to the growth of the Hinduja Group as a transnational business conglomerate with roots across the world and in the UAE. “I greatly admired his wisdom and generosity, and I continue to marvel at all that was accomplished by him,” Sheikh Nahyan added. The event was held in the presence of the Hinduja brothers -- Ashok Hinduja and Prakash Hinduja -- along with family members and was attended by various business leaders from the UAE. Those who shared their memories of S.P. Hinduja included Yusuf Ali MA, Lulu Group MD and Chairman, Ram Buxani, Group Chairman, ITL Cosmos, Vasu Shroff, Chairman of Regal Group, Essam Al Tamimi, Chairman of Al Tamimi and Co. among others. Renowned singers Rahat Fateh Ali Khan, Kailash Kher, and Anup Jalota paid their tributes to S.P. Hinduja with devotional songs. The Hinduja family has received condolence letters ...

The billionaire Hinduja brothers called a truce on a bitter power struggle that threatened the future of the business empire of the UK’s wealthiest family. The brothers agreed to halt reams of litigation across Europe, ending, for now, a feud that was tearing the once tightly knit British-Indian group apart. With accusations of everything from a funding squeeze to misappropriated cash, the fight had drawn excoriating criticism from a London judge, especially over the care of the family patriarch, Srichand Hinduja —throwing open the possibility of a breakup of the ownership structures behind the century-old conglomerate.

A visionary with an astute mind, Parmanand Deepchand Hinduja (P. D. Hinduja) established a family business which spread swiftly all around the world. An enterprising individual, P. D. Hinduja is credited with establishing trade links between India and Persia. Two of his major philanthropic projects are Hinduja Hospital and Hinduja Foundation. His wife, Jamuna, shared his spirit of humanitarianism and compassion for poor and needy people. Together, they have left behind a legacy, which is a tale of expansions. Seizing opportunities in a globalized world, Group Chairman Srichand P. Hinduja along with his brothers Gopichand, Prakash and Ashok, scripted and implemented a strategy for diversified growth of the Group and transforming it into an international conglomerate with a footprint across 38 countries and a 150,000 plus strong team. Srichand P Hinduja Chairman - Hinduja Group Hinduja Bank of Switzerland, Hinduja Foundations Known affectionately as 'SP' among his business associates and friends, Srichand P. Hinduja is the eldest son of P. D. Hinduja, the Founder of Hinduja Group. SP is the head of Hinduja Family and Chairman of Hinduja Group and charitable Foundations. After completing his education in 1952, SP joined his father in the family business. Led by his vision and leadership, SP along with his brothers, Gopichand, Prakash and Ashok Hinduja, conceived and strategized the diversification and expansion of Hinduja Group. Years of business experience in the free market...

On Wednesday, a spokesperson for the family said: “Gopichand, Prakash, Ashok and the whole Hinduja family with a heavy heart regret to announce the passing away […] of Mr SP Hinduja today.” The Hinduja family Despite the family’s vast wealth, a judge warned last year that Sri Hinduja’s needs, chiefly medical care for Lewy body dementia, had “become marginalised”, amid a family feud over the ownership of a Swiss bank. Until his death, Sri led the family dynasty, which employs 150,000 people, with his brother Gopi. The siblings began their careers in The duo built the Hinduja Group from a relatively small family enterprise into a company with operations in 38 countries, spanning sectors including the automotive industry, oil, banking, media and healthcare. The empire expanded via landmark deals including the 1987 purchase of the Ashok Leyland group, which included remnants of the defunct British automotive business British Leyland. Three years earlier, the group had bought Gulf Oil from the US oil company Chevron. Their UK property assets include the 6,224 sq metre (67,000 sq ft) 18th century Carlton House Terrace near Buckingham Palace and the historic Old War Office building in Whitehall. The brothers’ late father, Parmanand, began trading carpets, tea and spices in 1914, in a part of what was then British India but is now in Pakistan. He later took the business to Iran. The family’s recent feud revolved around his maxim “everything belongs to everyone and nothing belongs ...

LONDON, Nov 11 (Reuters) - India's billionaire Hinduja family has agreed a worldwide truce in a long legal feud over the future of its global business empire, a London court ruling published on Friday showed. 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. Srichand's younger brother Gopichand, 82, had challenged the legitimacy of a lasting power of attorney granted to Srichand's wife Madhu and later his daughters, Vinoo and Shanu, in the Court of Protection, which makes decisions on financial or welfare matters for people unable to do so. "The Hinduja family matter regarding the health and welfare of SP [Srichand] has already been resolved amicably between all parties and today's judgment solely concerned whether those matters should remain private," a spokesperson for Gopichand Hinduja and his brothers Prakash and Ashok, but not Srichand, said in an emailed statement. Srichand’s daughters Vinoo and Shanu Hinduja said in a separate emailed statement that they welcomed "the transparency that this ruling will bring to the proceedings", but said a final agreement had still to be achieved. "While we are pleased that the dispute surrounding the health and welfare of our father has been resolved, a final settlement with respect to the broader disputes still needs to be reached,” they added. The Hinduja fam...

View gallery The mansion at Carlton House Terrace, in the heart of London's Westminster neighborhood near Buckingham Palace, overlooks St. James Park and the Mall, and offers its own proper British lesson in the mutability of history. Outside of the entranceway to the 67,000-square-foot, 25-bedroom dwelling, built on the site of the 18th-century boyhood home of King George IV, is a statue of Queen Victoria, who liked to call herself "the Empress of India." The mansion--which consists of four interconnected, six-story white Georgian houses--is now owned by members of present-day business royalty: the billionaire Hinduja brothers, who hail from the great queen's former colony. The four siblings--Srichand, Gopichand, Prakash and Ashok--together control the Hinduja Group, a multinational conglomerate with interests in oil, automobiles, banking, The Hindujas are no strangers to this part of London: They also own a four-floor, 25,000-square-foot pad right across the street from Carlton House Terrace. But the brothers had long yearned for something grander. The chance to make good on that desire came when the Crown Estate, which manages the royal property portfolio, decided to sell some of its holdings. Among the first to come to market: The number 13-16 homes at Carlton House Terrace--all Grade 1 Heritage buildings--which the Crown Estate itself had used as its headquarters for 35 years. The plan was to sell them as private homes. The property had an unusual provenance, part roy...

Transition of ownership to the third generation is the central point of discussion among Hinduja family members in recent years, say industry sources. "The boys are in big roles now, either in GOCL Corp or Ashok Leyland. Only Srichand Hinduja's daughters are pursuing career in the group business. The litigation is for the control of the bank in Switzerland since no formal division has happened in the family," says an industrialist on condition of anonymity. From outside, the Hinduja Group seems to be largely controlled by the second generation -- Hinduja brothers Srichand (84), Gopichand (80), Prakash (75) and Ashok (70). But the fact is that the operations of most of these businesses -- Ashok Leyland, GOCL Corporation (formerly Gulf Oil), Hinduja Bank (Switzerland) among others -- are headed by the third generation, except in the case of IndusInd Bank, where professionals are in charge. The issue in the Hinduja family cropped up in the public when Srichand's daughter Vinoo moved High Court in England, acting on behalf of her father as a "litigation friend" and asked for "partition". She wants her family to get the control of Switzerland-based Hinduja Bank, in which her father is the chairman emeritus and elder sister Shanu is the chairperson. Shanu's son Karam Hinduja joined the bank as CEO about a week ago. The bone of contention among Hinduja brothers is a letter signed by them in July 2014. The letter says that the "assets held in any single brother's name belong to al...

• • • • • • Website .hindujagroup .com Hinduja Group is an Indian transnational 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. History [ ] The company was founded in 1914 by Group Chairman The group employs over 200,000 people and has offices in many major cities around the world including in India. Sunday Times Rich List 2017. In 2015, at In May 2023, lead Hinduja chair Srichand Hinduja died in London at the age of 87. Hinduja Group companies [ ] • Hinduja Housing Finance Ltd,.. • • • Ashok Leyland Foundries – a division of Ashok Leyland, also known as Hinduja Foundries • • P.D. Hinduja Sindhi Hospital Bangalore • • • • Hinduja Leyland Finance Ltd • Hinduja Global Solutions Ltd • GOCL Corporation Ltd • • Gulf Oil Lubricants India Limited • • Gulf Oil Middle East Ltd • Hinduja National Power Corporation Ltd • Hinduja Renewables Energy Private Ltd • Hinduja Realty Ventures Ltd • Hinduja Group India Limited • • NXTDIGITAL Ltd (formerly Hinduja Ventures Ltd) – includes Nxtdigital Hits, OneOTT iNtertainment Ltd, INE, and INDigital • Cyqurex Systems Private Limited • British Metal Corporation (India) Pvt Ltd • Hinduja Investments and Project Services Ltd Controversies [ ] Bofors scandal [ ] Main article: Srichand, Gopichand and Prakash Hinduja were connected with the investigation into the US$1.3 billion sale of 400 ₹2.5 billion (US$31million) of public money was spent on t...

The conglomerate Hinduja Group’s co-chairman Gopichand Hinduja, along with Prakash, Srichand, and Ashok - also known as the billionaire Hinduja family brothers - have called a truce and decided to end the family dispute on Friday. The conflict among the billionaire brothers was because of a pact signed by them in 2014 that said that 'everything belongs to everyone and nothing belongs to anyone', revealed a Bloomberg report. As per the report, Srichand Hinduja's children claimed that their family was being sidelined in the group's businesses and had challenged the letter which was the basis of succession planning. The root of this rift lies in 2014 when the brothers signed a letter that assets held by one brother belonged to all. The three younger brothers allegedly tried to use the 2014 letter to take control of Hinduja Bank (present in Switzerland), which was in Srichands sole name, resulting in a protracted legal battle. Reportedly, Srichand Hinduja's children complained that their family was being excluded from the Hinduja group's business and challenged the letter which served as the foundation for succession planning, as per Bloomberg. Among the four billionaire Hinduja family brothers, Gopichand and Srichand live in London, Prakash is in Monaco while Ashok, the youngest of them, stays in Mumbai. In terms of their combined net worth, the Hinduja family owns around $15 billion. According to Forbes' Real Time Net Worth list, they are ranked 110 in the world's richest li...