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Hindujas

From Wikipedia, the free encyclopedia

The Hinduja brothersSrichand (SP)(born 28 November 1935), Gopichand (GP)(born 29 February 1940) based in London,Prakash(PP), based in Geneva and Ashok (AP), based in Mumbai — are an Indian business family. They are believed to own assets worth more than 12 billion U.S. dollars, are involved with many businesses, in various parts of the world. The Hinduja brothers have stakes in global finance, telecommunications, film and oil (Gulf Oil) businesses.

Srichand and Gopichand moved to London in 1979 to develop their father's export business. They did gain considerable success and are now estimated to be the most successful self-made Indian immigrants in Britain after Lakshmi Mittal.

Their Hinduja Foundations are significant contributors to charitable activities around the world, including the contribution of $4 million to the University of Cambridge to pay for scholarships for low-income students and a £m investment with the Duke of Edinburgh Award.

Hinduja group's Mauritius-based company is named Kumbat

Ashok Leyland, an Indian-based flagship company of the brothers' Hinduja Group, announced an agreement to supply 100 army vehicles to the Sudanese Defence Ministry. It was alleged by arms campaigner Mark Thomas that this contravened UK arms export legislation, as a number of the company's directors are UK residents or citizens [1].

In the summer of 2006, the four brothers acquired one of London’s most expensive and sought-after properties, previously owned by the Queen. The brothers paid £58 million for a 100-year lease on the 60-room property at Carlton House Terrace on the Mall, and plan to spend another £40 million to 50 million converting it for use by their joint families.

On completion, its value will outstrip the £70 million Kensington Palace Gardens home of fellow Indian-born billionaire Lakshmi Mittal

While the family was listed as the 95th richest in the world in Fortune Magazine in 1992 and 1993, they are no longer listed in Fortune or Forbes since the family is based in 3 different countries. Only one of the 4 brothers currently resides in India.

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