Hinduja Group’s headquarters remained in Iran for 60 years and then it shifted to London.
The Hinduja Group was founded in 1914 by Parmanand Deepchand Hinduja, a young entrepreneur from Shikarpur town in Sindh. In 1919 the company opened its office in Iran. After this, Iran remained the headquarters of this company for the next 60 years. But in 1979, the Shah of Iran fell due to the Islamic Revolution. In the midst of this turmoil, the Hinduja Group decided to move its headquarters out of Iran. The next destination of the group was London, the capital of Britain. The group started with merchant banking and trade. Today its business is spread across many sectors including Auto, IT, Media & Entertainment, Oil & Specialty Chemicals, Banking & Finance, Power Generation, Real Estate, Healthcare.
Where is the business spread
After Parmanand Deepchand’s death in 1971, his four sons expanded the business of the Hinduja Group across the globe. Ashok Leyland is the second largest manufacturer of commercial vehicles in India. The company has around 10 production units across the world. This company launched India’s first CNG bus in 1997. In 1994, Hinduja Group entered the banking sector of India. In the year 2000, Hinduja Group established Hinduja Global Solutions. This is the BPO company of the group. Hinduja Group also bought the well-known brand Gulf and later renamed it Gulf Oil Corporation Ltd.
Srichand P Hinduja is the eldest among the Hinduja brothers. Gopichand Hinduja is the second brother, Prakash P. Hinduja is the third and Ashok P. Hinduja is the youngest brother. Srichand Hinduja, known as SP among friends, joined the family business in 1952. Each brother has a different responsibility for the business. Srichand Hinduja is the chairman and Gopichand Hinduja is the co-chairman of the entire group. Prakash is the chairman of the Hinduja Group in Europe, while Ashok is the chairman of the Hinduja Group in India. Srichand and Gopichand live in London. Prakash lives in Monaco while Ashok lives in India.
Hinduja family feud: 108 years old Hinduja Group will be divided! Business in 38 countries, more than 150,000 employees
on the verge of splitting
The root of the tussle between the Hinduja family is an agreement signed on July 2, 2014. It was signed by all the four brothers. It said that everything in the family belongs to each person and nothing belongs to no one. But the family of Srichand Hinduja challenged its validity in the court. Recently, a London court was told that the family has agreed to set aside the agreement. Along with this, the rumor of partition of the family has also intensified.
