S P Hinduja

Srichand P. Hinduja
Born (1935-11-28) November 28, 1935
Shikarpur, British India (now Pakistan)
Nationality British (person of Indian origin)
Net worth Increase US$15.1 billilon (January 2016)[1]
Children 2

Srichand P. Hinduja (born 28 November 1935) is an Indian-born British business magnate, investor, and philanthropist. He is considered one of the most successful Asians of the 20th century.[2] He is the primary shareholder and chairman of Hinduja Group of Companies. Since the 1990s, he has been consistently ranked among the UK and Asia's wealthiest people. In May 2014, Hinduja topped the Sunday Times Rich List with an estimated wealth of GBP 11.9 billion ($20.04 billion). Based on the rich list compiled by Asian Media & Marketing Group, Hinduja's wealth is estimated at GBP 16.5 billion ($23.6 billion).[3] The Forbes List in March 2016 ranked him and his brother GP as the world's 58th richest billionaire family with an estimated wealth of $15.2 billion.[4]

Family

Alongside his younger brothers Gopichand, Prakash, and Ashok, Hinduja is known as the patriarch of India's "fab four". Hinduja is married and has two daughters.[5]

Early life

Hinduja was born in 1935 in Shikarpur, present-day Pakistan, as the second son of Parmanand and Jamuna Hinduja.[6]

Early business career

Hinduja began his career in his father's textile and trading businesses in Mumbai, 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 the film's unexpected success earned him millions.[7] 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.[8]

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 well-known successful business tycoons alongside leading names in business such as Tata, Birla, and Ambani.[9] In 2012, the Group acquired a 100% stake in the US firm Houghton International, the world's largest metal fluids manufacturer, for $1.045 billion.[10]

Business approach

Hinduja's business approach is conservative and opportunist, investing in diversified business sectors ranging from oil & gas, banking & finance, and IT to real estate, energy & chemicals, power, and media & entertainment.[11][12]

Wealth

In 2014, Hinduja was the UK's wealthiest person, with an estimated wealth of GBP 11.9 billion ($20.04 billion) according to the Sunday Times Rich List.[13]

As of March 2016, Forbes ranks SP and GP Hinduja as the 58th richest in the world, with a net worth of $ 15.2 billion. This makes him the 4th wealthiest Indian-origin business magnate in the world.[14][15]

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.[16][17]

Personal

Hinduja is a teetotaler and a strict vegetarian. He is known to bring his own vegetarian food to the Queen's dining banquets at Buckingham Palace.[18]

References

  1. ↑ "Hinduja Brothers". Forbes. Retrieved 19 January 2015.
  2. ↑ "Hinduja Group, JLR among Asian Business awards winners". The Times of India. 27 March 2010.
  3. ↑ Andrew Bounds (22 March 2013). "Mittal loses top spot in rich list". Business & Economy. The Financial Times Ltd. Retrieved June 20, 2015.
  4. ↑ "Srichand & Gopichand Hinduja". Forbes. Archived from the original on 7 March 2013.
  5. ↑ "SP's USP: Family First, Biz Later – The Times of India". Timesofindia.indiatimes.com. 12 February 2011. Retrieved 21 August 2012.
  6. ↑ "SP's USP: Family First, Biz Later – Times Of India". Articles.timesofindia.indiatimes.com. 12 February 2011. Retrieved 21 August 2012.
  7. ↑ "The world is their bazaar". Pranaygupte.com. 28 December 1987. Retrieved 21 August 2012.
  8. ↑ The New Maharajahs: The Commercial Princes of India, Pakistan and Bangladesh – Claudia Cragg – Google Books. Books.google.ch. Retrieved 21 August 2012.
  9. ↑ "Hinduja to launch $500-mn infra fund". Business-standard.com. 18 April 2012. Retrieved 21 August 2012.
  10. ↑ James Crabtree (7 November 2012). "Hindujas’ Gulf Oil agrees $1bn US deal". Industrials Chemicals. The Financial Times Ltd. Retrieved June 20, 2015.
  11. ↑ "Hinduja group forms power sector JV with Germany's STEAG – The Times of India". Timesofindia.indiatimes.com. 28 March 2012. Retrieved 21 August 2012.
  12. ↑ "Hindujas to foray into India's real estate sector". The Asian Age. 22 July 2012. Retrieved 21 August 2012.
  13. ↑ http://www.thesundaytimes.co.uk/sto/public/richlist/
  14. ↑ Forbes http://www.forbes.com/india-billionaires/list/. Missing or empty |title= (help)
  15. ↑ Forbes http://www.forbes.com/profile/hinduja-brothers/. Missing or empty |title= (help)
  16. ↑ Karmali, Naazneen (8 October 2013). Forbes http://www.forbes.com/sites/naazneenkarmali/2013/10/08/the-hindujas-new-masterpiece/. Missing or empty |title= (help)
  17. ↑ Brennan, Morgan. Forbes http://www.forbes.com/pictures/mhj45edfjh/villa-leopolda-villefranche-sur-mer-france/. Missing or empty |title= (help)
  18. ↑ Hinduja, Srichand (8 February 2009). "The Telegraph – Calcutta (Kolkata) | Look | ‘What we are witnessing is the trailer to the real movie’". Calcutta, India: Telegraphindia.com. Retrieved 21 August 2012. C1 control character in |title= at position 55 (help)
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