Hinduja Group

The story of the Hinduja Group begins in 1914 in Shikarpur, then part of British India, with founder Parmanand Deepchand Hinduja. He established a small trading business that would lay the groundwork for a global conglomerate. A pivotal early move was expanding internationally by opening an office in Iran in 1919, which became the company's headquarters for the next 60 years. After Parmanand's death in 1971, his sons, Srichand, Gopichand, Prakash, and Ashok, took over. A significant turning point came in 1979 with the Islamic Revolution in Iran, which prompted the group to relocate its headquarters to London. This move to Europe marked a new chapter of diversification and expansion. The group's strategy focused on acquiring and growing businesses in key sectors. Key acquisitions fueled the group's growth. In 1984, they acquired the global lubricants brand Gulf Oil, followed by a landmark investment in struggling Indian automaker Ashok Leyland in 1987, turning it into a commercial vehicle powerhouse. This period of expansion continued with the establishment of IndusInd Bank in 1994, marking a significant entry into India's private banking sector. Today, the Hinduja Group is a diversified entity with major interests in automotive, banking, oil and chemicals, technology, and healthcare, operating in over 38 countries.