Hinduja Group
Private | |
Industry | Conglomerate |
---|---|
Founded | 1914 |
Founder | Parmanand Deepchand Hinduja |
Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people | Ashok Hinduja (Chairman, India) |
Products |
|
Revenue | US$70 Billion (2022)[1] |
Owner | Hinduja family |
Number of employees | 200,000+[2] |
Subsidiaries |
|
Website | www |
Hinduja Group is an Indian transnational
History
The company was founded in 1914 by
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.[9]
The group employs over 200,000 people and has offices in many major cities around the world including in India.[2] 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.[10]
In 2015, at The Asian Awards, the Hinduja brothers were honoured with the Business Leader of the Year Award.[11] 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.[12]
In May 2023, lead Hinduja chair Srichand Hinduja died in London at the age of 87.[13]
Hinduja Group companies
- Hinduja Housing Finance Ltd.[14]
- Ashok Leyland
- Ashok Leyland Foundries – a division of Ashok Leyland, also known as Hinduja Foundries
- P.D. Hinduja National Hospital and Medical Research Centre
- Hinduja Healthcare Limited
- Hinduja Bank (Switzerland) Ltd(formerly Amas Bank)
- IndusInd Bank
- Hinduja Leyland Finance Ltd
- Hinduja Global Solutions Ltd
- Hinduja Tech Ltd.[15]
- GOCL Corporation Ltd
- Gulf Oil International Ltd
- Gulf Oil Lubricants India Limited
- Quaker-Houghton International Ltd
- Gulf Oil Middle East Ltd
- Hinduja National Power Corporation Ltd
- Hinduja Renewables Energy Private Ltd
- Hinduja Realty Ventures Ltd
- Hinduja Group India Limited
- KPB Hinduja College of Commerce
- 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
Srichand, Gopichand and Prakash Hinduja were connected with the investigation into the
2001 Hinduja affair
In January 2001, it was revealed that UK government Minister
In January 2001, immigration minister
On 25 January, Vaz became the focus of Opposition questions about the Hinduja affair and many parliamentary questions were tabled, demanding that he fully disclose his role. Vaz said via a
On 26 January 2001, Prime Minister Tony Blair was accused of prejudicing the independent inquiry into the Hinduja passport affair, after he declared that Keith Vaz had not done "anything wrong". On the same day, Vaz told reporters that they would "regret" their behaviour once the facts of the case were revealed. "Some of you are going to look very foolish when this report comes out. Some of the stuff you said about Peter, and about others and me, you'll regret very much when the facts come out," he said. When asked why the passport application of one of the Hinduja brothers had been processed more quickly than normal, being processed and sanctioned in six months when the process can take up to two years, he replied, "It is not unusual."[22]
On 29 January, the government confirmed that the Hinduja Foundation had held a reception for Vaz in September 1999 to celebrate his appointment as the first Asian Minister in recent times. The party was not listed by Vaz in the House of Commons Register of Members' Interests and John Redwood, then head of the Conservative Parliamentary Campaigns Unit, questioned Vaz's judgement in accepting the hospitality.[23]
In March, Vaz was ordered to fully co-operate with a new inquiry launched into his financial affairs by
In June 2001, Vaz admitted that he had made representations during the
In December 2001, Elizabeth Filkin cleared Vaz of failing to register payments to his wife's law firm by the Hinduja brothers, but said that he had colluded with his wife to conceal the payments. Filkin's report said that the payments had been given to his wife for legal advice on immigration issues and concluded that Vaz had gained no direct personal benefit, and that Commons rules did not require him to disclose payments made to his wife. She did, however, criticise him for his secrecy, saying, "It is clear to me there has been deliberate collusion over many months between Mr Vaz and his wife to conceal this fact and to prevent me from obtaining accurate information about his possible financial relationship with the Hinduja family".[28]
Ashok Leyland
In February 2005 Ashok Leyland, an India-based flagship company of the brothers' Hinduja Group, announced an agreement to supply 100 army vehicles to the Sudanese Defence Ministry. It was alleged by arms campaigner Mark Thomas that this contravened UK arms export legislation, as a number of the company's directors were UK residents or citizens.[29]
References
- ^ "HINDUJA GLOBAL SOLUTIONS LIMITED : Financial Data Forecasts Estimates and Expectations | HGS | INE170I01016 | MarketScreener". 16 February 2024.
- ^ a b "Hinduja Group". Hinduja Group. Retrieved 19 September 2020.
- ^ "Hinduja Group Ltd". www.bloomberg.com.
- ISSN 0140-0460. Retrieved 4 October 2022.
- ^ "The Sunday Times Rich List 2022". hetimes.co.uk. Retrieved 17 May 2023.
- ^ Halime, Farah (24 December 2010). "Hinduja, a 'relatively' successful billionaire". The National. Retrieved 5 August 2016.
The family's success began with their father, Parmanand, who came from the Sindh province of what is now Pakistan...
- ^ "Podcast | The business of family — The Hindujas". Moneycontrol. 19 July 2018. Retrieved 10 June 2020.
- ^ Miller, Hugo; Browning, Jonathan (23 November 2021). "Billionaire Family Feud Puts a Century-Old Business Empire in Jeopardy". Bloomberg News. Retrieved 28 November 2021.
- ^ Tim McGirk (12 January 1996). "This is Dynasty, Indian-style". The Independent.
- ^ Sonwalkar, Prasun (7 May 2017). "Hinduja brothers stay on top of UK rich list". Hindusthan Times. Retrieved 7 May 2017.
- ^ Wareing, Charlotte (17 April 2015). "Asian Awards 2015: All the winners from the star-studded bash". Daily Mirror.
- ^ Lead, Telecom (14 October 2019). "Winners of TelecomLead.com Innovation Leaders 2019 award". TelecomLead.
- ^ "Hinduja Group Chairman SP Hinduja Dies At Age Of 87". ET Now. 17 May 2023. Retrieved 17 May 2023.
- ^ "Hinduja Group firm emerges highest bidder with Rs 9,650 cr offer for Reliance Capital in second auction". The Economic Times. 26 April 2023.
- ^ "Hinduja Tech: a division of the Hinduja Group, a multi-billion-dollar global business conglomerate in Engineering mobility industry". Bru Times News.
- ^ "BBC News - SOUTH ASIA - Bofors charges against Hindujas".
- ^ "BBC NEWS - South Asia - Q&A: Hinduja Bofors case". 31 May 2005.
- ^ "BBC News | SOUTH ASIA | Mandelson resigns over Hinduja affair". News.bbc.co.uk. 24 January 2001. Retrieved 3 October 2008.
- ^ "No. 56106". The London Gazette. 31 January 2001. p. 1223.
- ^ Grice, Andrew (22 January 2001). "MPs to quiz Mandelson on passport for Hinduja". The Independent. London.
- ^ Sengupta, Kim (26 January 2001). "Vaz sidesteps questions on links with Hindujas". The Independent. London.
- ^ Waugh, Paul; Kim Sengupta (27 January 2001). "Vaz defiant over his role in Hinduja passport scandal". The Independent. London.
- ^ Woolf, Marie (30 January 2001). "Hindujas held party to celebrate Vaz being appointed a minister". The Independent. London.
- ^ Woolf, Marie (22 March 2001). "Filkin launches new investigation into cash links between Vaz and Hindujas". The Independent. London.
- ^ Grice, Andrew; Stephen Castle (24 March 2001). "Downing Street orders Vaz to help inquiry". The Independent. London.
- ^ George, Jones; Womack, Sarah (19 June 2001), "Vaz admits greater role over Hinduja passport", The Daily Telegraph, London
- ^ Woolf, Marie; Andrew Morris (12 June 2001). "After months of claims and counter claims, Vaz is finally sacked as Minister for Europe". The Independent. London.
- ^ Wintour, Patrick (24 December 2001). "Vaz cleared over Hinduja payments to wife". The Guardian. London.
- ^ "House of Commons - Quadripartite Committee - Written Evidence".