Hindujas – London’s rich list Indian business owners rift apart

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Hindujas – London’s rich list Indian business owners rift apart

Hindujas - London's rich list India business owners rift apart.

Image Source: Telegraph India

Hindujas – London’s rich list India business owners rift apart. The four brothers collectively called as the Hindujas, continuously topped Britain’s, Rich List. They have a net wealth of £25 billion last year.

The family has a motto, “Everything belongs to everyone, nothing belongs to anyone”. The idea of unity and togetherness was inherited from their late father. Now, the court appeal to rift apart the wealth has shocked the Indian community in UK and India.

The daughter of one of the four brothers appealed to the court on behalf of his father to partition the family business.

The Hindujas were always united and strong. The four brothers are Srichand (84), Gopi (80), Prakash (75), and Ashok (70). Their father is Parmanand Deepchand Hinduja who started and nurtured their family business in Bombay.

Srichand and his wife Madhu have two daughters, Shanu and Vinoo, who are involved in the health and philanthropic sectors. Vinoo has now moved court, acting on behalf of her father, Srichand, as a “litigation friend”, and apparently seeks “partition” — the family business to be split up. She believes she is entitled to a quarter share. But this is easier said than done because the family’s wealth is tied up in trusts, with all members having an equal share. If Vinoo is to have her way, the trusts will have to be broken up. In fact, she has gone to Jersey to try and achieve that aim.

The Hinduja empire is widespread and operational in more than 100 countries. They have at least 100,000 people employed. The major businesses of the Hinduja group extend to areas of health, energy, power generation, automotive, finance and banking, oil and gas, IT and BPO, media and cable, real-estate, trading, and defence.

The major countries in which the group operates are India, the UK, and the US.

In London, the Hindujas are continuing with the conversion of the Old War Office, in which they have a 250-year lease, into a luxury residential and 125 room Raffles Hotel complex.

News Source: Telegraph India

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