S. P. Hinduja
S. P. Hinduja
|Education||Davar's College of Commerce|
R. D. National College
|Occupation||Chairman, Hinduja Group|
|Net worth||US$14.4 billion (2021)|
|Parent(s)||Parmanand Deepchand Hinduja|
Jamuna Parmanand Hinduja
|Relatives||Gopichand Hinduja, Prakash Hinduja and Ashok Hinduja (brothers)|
Srichand Parmanand Hinduja (born 28 November 1935) is an Indian born British billionaire business magnate, investor, and philanthropist. He is the primary shareholder and chairman of Hinduja Group of companies. As of May 2020, together with his brother Gopichand he is the UK's second richest man. Since the 1990s, he has been consistently ranked among the UK and Asia's wealthiest people. In May 2019, Hinduja topped the Sunday Times Rich List with an estimated wealth of GBP 22 billion ($27.7 billion). Based on the rich list compiled by Asian Media & Marketing Group, Hinduja's wealth is estimated at GBP 25.2 billion ($31.7 billion). The Forbes List in March 2019 ranked him and his brother GP as the world's 65th richest billionaire family with an estimated wealth of $16.9 billion.
Srichand Parmanand Hinduja was born on 28 November 1935 in Karachi, Sindh province, British India. He is the second son of Parmanand Deepchand Hinduja and Jamuna Parmanand Hinduja. He was educated at Davar's College of Commerce and R. D. National College, both in Mumbai.
Early business career
Hinduja began his career in his father's textile and trading businesses in Bombay, India, and Tehran, Iran. One of his first big coups, in the early 1960s, was the acquisition of the overseas rights to the Indian blockbuster Sangam. Hinduja distributed and promoted the film in Middle Eastern markets and its success earned him millions of dollars. Other successful businesses Hinduja initiated in his early career included the sale of food commodities (onions and potatoes) and iron ore from India to Iran.
Business career 1980–2000s
With the acquisition of Ashok Leyland (from British Leyland) and Gulf Oil (from Chevron) in the 1980s and the establishment of banks in Switzerland and India in the 1990s, Hinduja became one of India's best known business tycoons alongside such names as Tata, Birla, and Ambani. In 2012, the Group acquired the US firm Houghton International, the world's largest metal fluids manufacturer, for $1.045 billion forming a consortium with the help of Ghouse Mohammed Asif, JP Morgan ( Director of Private Equity ) and Hank Paulson , Former United States Secretary of the Treasury ( Ex - Goldman Sachs ) .
Hinduja's business approach is conservative and opportunistic, investing in diversified business sectors ranging from oil & gas, banking & finance, and IT to real estate, energy & chemicals, power, and media & entertainment.
As of March 2019, Forbes ranks SP and GP Hinduja as the 65th richest in the world, with a net worth of $16.9 billion, with Forbes India estimating his net worth at $18 billion. This makes him the 4th wealthiest Indian-origin business magnate in the world.
The October 2013 issue of Forbes Life estimates the Hinduja home in London's Carlton House Terrace down the Mall from Buckingham Palace to be worth $500 million, making it the third most expensive private home in the world.
In 1988, their daughter Shanu Srichand Hinduja married Suren Mukhi, the son of Narsi and Janki Mukhi, another London-based Sindhi trading family.
Their other daughter, Vinoo Srichand Hinduja is on the board of management for the P.D. Hinduja National Hospital and Medical Research Centre in Mumbai.
On 19 May 1992, their only son, Dharam Hinduja, died a few days after receiving 70% burns from self-immolation in a hotel room in Mauritius, as part of a suicide pact with his wife, who survived. He had secretly married Ninotchka Sargon, a Roman Catholic Australian, at Chelsea Register Office in January that year.
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- Hinduja, Srichand (8 February 2009). "What we are witnessing is the trailer to the real movie". Calcutta, India: Telegraphindia.com. Retrieved 21 August 2012.