Famous As Industrialists
Key People Srichand Hinduja, Gopichand Hinduja, Prakash Hinduja, Ashok Hinduja
Srichand, Prakash, Ashok, and Gopichand Hinduja are indeed names to reckon with. Better known to the business fraternity as Hinduja brothers, they hail from one of India's most elite business groups, the Hinduja Group. With nearly a century old business empire, which is spread across India, Europe, Middle East, U.S.A and Asia, the Hinduja Group have carved a niche for themselves in the business world. Their father Parmanand Deepchand Hinduja established the Hinduja group of business in 1914. His sons Srichand and Gopichand Hinduja took up the responsibility of international export business. Srichand and Gopichand Hinduja are both Britain citizens while their brother Prakash manages the business from Geneva. They are the only business house to have their very own private bank that manages the assets, equities and bonds of the company. Ashok, on the other hand, is the youngest of the Hindujas who controls business from India and other parts of Asia. The Hindujas are one close-knit family that manages a global empire.
Parmanand Deepchand Hinduja first started his international venture by setting up an export business in 1919 making his headquarters in Iran. He later shifted his business to London due to religious crisis in the Middle East. Both Srichand and Gopichand Hinduja moved on to London to take care of their trade. Over the years, the business house proved more than profitable and the Hinduja Group developed many subsidiaries under them by diversifying their business into various sectors such as oil, transportation, telecommunication, entertainment, financing, energy, information technology and other business ventures around the globe. After the passing away of Parmanand Hinduja, the family business came in the able hands of Srichand Hinduja who is said to be mastermind behind the successful global empire. Some of the most profitable subsidiaries under the banner are - Ashok Leyland, Ashok Leyland Defence Systems Ltd, Gulf Oil Corporations Ltd, Gulf Oil International, IndusInd Bank, Hinduja foundries ltd, Hinduja Global Solutions Ltd, P. D. Hinduja National Hospital and Medical Research Centre, Defiance Technologies ltd, Hinduja Bank (Switzerland) Ltd profiting from the investments made in the innovative services and products offered in their respective segments. The Hinduja tycoons have made their presence felt in many parts of the globe such as India, New Zealand, Europe, America and Middle East.
Achievements and Awards
With a business enterprise, which is more than eight decades old, it is certainly hard to keep track of all the awards and achievements. However, one cannot ignore the fact that the business empire, despite of all odds, have not only managed to stay afloat after many decades, but have also managed to excel with regards to quality, performance and skill. This has been possible only because of the collective efforts of the brothers that have set them apart from the rest of the business houses in the globe. Lifetime Achievement Award instituted by the Asian Business Awards, Best Performing Global Call Center Provider Award presented by Global Services Awards in New York is some of the recognitions that have been conferred to them.
The Hindujas remain as one close-knit family despite of all the controversies or scandal that have hounded them over the past few years. The brothers have been accused of the Bofor's scam for bribing governmental officials. However, in 2005 the government dismissed all charges against them due to lack of evidence.
1914: Parmanand Deepchand Hinduja founded the business house.
1919: He soon established an international trading centre with Iran as its headquarters.
1978: Hinduja Bank (Switzerland) Ltd was established this year as a financial company.
1979: The headquarters was shifted to London and Srichand and Gopichand moved to England.
1987: The Ashok Leyland trucks was first started in India and later expanded to Dubai and Sri Lanka.
1993: Hinduja Global Solutions Ltd. (formerly HTMT Global Solutions) came into effect only in this year.
1994: Indusland Bank is a private bank that began to function in the year 1994.
2002: The Gulf Oil Corporation came into existence on 1st January 2002.