Parmanand Deepchand Hinduja, a self-made young businessman from the storied hamlet of Shikarpur, set the groundwork for the Hinduja Group (then in undivided India). Parmanand Deepchand Hinduja (P. D. Hinduja), an international businessman, devoted philanthropist, and visionary, made his entrance in 1919 with the opening of his first office outside of India, in Iran. Commerce and Trade were the two main cornerstones of the company. Till 1979, Iran served as the Group’s major administrative hub. Europe was the next stop for it.
Under the direction of Chairman Srichand Hinduja and with the assistance of his brothers Gopichand, Prakash, and Ashok Hinduja, the Hinduja Group went on to expand its business operations by diversifying into the automotive, media, information technology, entertainment & communications, development, infrastructure project, oil & speciality chemicals, real estate, power, and healthcare sectors. About 200,000 people work for the Group, which has operations throughout many important cities across the world, including India. Strong proponents of traditional family values, the Hindujas have worked tirelessly to integrate the family ethos into their commercial endeavours.
Hinduja Group Subsidiaries
Hinduja Housing Finance Ltd
Ashok Leyland
Switch Mobility
Ashok Leyland Foundries – a division of Ashok Leyland, also known as Hinduja Foundries
P.D. Hinduja National Hospital and Medical Research Centre
P.D. Hinduja Sindhi Hospital Bangalore
Hinduja Healthcare Limited
Hinduja Bank (Switzerland) Ltd (formerly Amas Bank)
IndusInd Bank
Hinduja Leyland Finance Ltd
Hinduja Global Solutions Ltd
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
Let us now see some of the primary & flagship businesses of Hinduja Groups.
Ashok Leyland
With its headquarters in Chennai, Ashok Leyland is a global Indian automaker. Hinduja Group is the owner. Ashok Motors, the company that launched it in 1948, changed its name to Ashok Leyland in 1955. Ashok Leyland is the third-most successful bus manufacturer in the world, the tenth-most successful truck manufacturer, and India’s second-most successful commercial vehicle manufacturer (with a market share of 32.1% in 2016).
The company has manufacturing plants at Ennore, Bhandara, two in Hosur, Alwar, and Pantnagar in addition to its corporate office in Chennai. A bus manufacturing site is located in Ras Al Khaimah (UAE), another is in Leeds, United Kingdom, and a joint venture with the Alteams Group is used to produce high-press die-casting extruded aluminium components for the automotive and telecommunications industries. Operating nine facilities, Ashok Leyland also produces engines and spare parts for industrial and marine uses.
Financial Report
Switch Mobility
An English bus manufacturer with a facility in Sherburn-in-Elmet, North Yorkshire, called Switch Mobility (formerly known as Optare). It is a division of Ashok Leyland, an Indian business. As well as concentrating on its main business of diesel-powered vehicles, Ashok Leyland would be in charge of the group’s EV operations while also working on alternative fuels like compressed natural gas (CNG), liquefied natural gas (LNG), and hydrogen.
In November 2020, it changed its name from Optare to Switch Mobility, and in 2021 it announced plans to establish a plant in India for its electric vehicle business. A slump sale for 240 crores was later used to buy the EV division from parent firm Ashok Leyland.
Financial Report
P.D. Hinduja National Hospital and Medical Research Centre
Located in Mumbai, India, the P. D. Hinduja National Hospital and Medical Research Centre is a multi-specialty, tertiary-care facility. The Massachusetts General Hospital, the primary teaching hospital for Harvard Medical School in Boston, and Parmanand Deepchand Hinduja collaborated to establish it in 1951. The Hinduja Group, located in London, owns and runs the hospital through Hinduja Healthcare Limited, which also runs Hinduja Healthcare Surgical in Khar, Mumbai. Gautam Khanna serves as the company’s CEO.
According to rankings, Hinduja Hospital is Mumbai’s cleanest hospital, the third-best private hospital in India, the best hospital in Western India, the finest multi-specialty hospital in metro areas, and the sixth-best hospital in all of India.
Financial Report
Hinduja Bank (Switzerland)
When Hinduja was first established in 1978 as a financing corporation, it was subject to Swiss regulation. S.P. Hinduja Banque Privée became its new name. Hinduja Bank is headquartered in Geneva and has a well-established network of offices throughout Switzerland, including ones in Zurich and Lugano. It also has operations in Mauritius, Chennai, London, Dubai, and Paris.
