Srichand Parmanand Hinduja, the eldest brother and chairman of Hinduja Group, has died in London at the age of 87. He had been in poor health for some time. Srichand, along with his brothers Gopichand and Prakash, played a pivotal role in expanding the family business into a global conglomerate spanning 38 countries and various sectors, including automotive, banking, oil, chemicals, energy, and IT. The Hinduja Group is a major employer, with over 200,000 people in its workforce.
Legacy of Success and Growth
Srichand Parmanand Hinduja and his brothers built a business empire that encompasses diverse industries across the globe. Under their leadership, the Hinduja Group flourished and diversified, with notable ventures such as commercial vehicle manufacturer Ashok Leyland and private bank IndusInd. Their entrepreneurial spirit led to the establishment of successful enterprises in 38 countries, spanning sectors like oil lubricants, chemicals, energy, and IT.
Family Background and Exoneration
Srichand Parmanand Hinduja was born in 1935 in Pakistan to a Hindu family. After the partition of India in 1947, he moved to India along with his family. In the early 1960s, Srichand, together with his brothers Gopichand and Prakash, embarked on their business journey. The trio successfully transformed the Hinduja Group into a multinational conglomerate with interests in banking, finance, manufacturing, and media. Notably, the Hinduja family, including Srichand and his brothers, faced allegations of receiving illegal commissions related to a government contract with Swedish gunmaker AB Bofors. However, the court exonerated them of these charges.
Visionary Leadership and Philanthropy
Srichand Parmanand Hinduja’s contributions extended beyond business success. As a visionary leader, he played a pivotal role in shaping the Hinduja Group into a global powerhouse. His strategic decisions and leadership qualities left an indelible mark on the conglomerate’s growth and success. Moreover, Srichand was recognized as a philanthropist who generously donated millions of dollars to various charitable causes. His commitment to giving back to society will be remembered alongside his achievements as a remarkable businessman and leader.
With the passing of Srichand Parmanand Hinduja, the Hinduja Group and the business world mourn the loss of an extraordinary individual. Srichand’s entrepreneurial spirit, visionary leadership, and philanthropic endeavors have left an indelible legacy. His contributions to the growth of the Hinduja Group and his dedication to charitable causes will be remembered with admiration. Srichand Parmanand Hinduja will be forever known as a great businessman, a visionary leader, and a philanthropist.
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