Hinduja Group

The Hinduja Group is owned by Srichand Hinduja and his brother Gopichand Hinduja, more simply known as the Hinduja brothers for short. It was founded in 1914 by Parmanand Deepchand Hinduja, initially operating in Mumbai, India, and setting up its first international operation in Iran in 1919. The headquarters of the Group moved to Iran where it remained until 1979, when the Islamic Revolution forced it to move to Europe. Srichand Hinduja and his brother Gopichand moved to London in 1979 to develop their father's export business.

Subsidiaries

The Hinduja Group incorporates:

• Ashok Leyland
• Gulf Oil
• Hinduja Bank Switzerland
• IndusInd Bank
• Hinduja Global Solutions (formerly named HTMT Global Solutions)
• Hinduja TMT
• Hinduja Ventures
• IndusInd Media and Communications Ltd.
• Hinduja Foundries
• P D Hinduja Hospital
• Defiance Technologies Limited

Ashok Leyland Ltd

The Hinduja Group bought into Ashok Leyland, India’s second largest HCV manufacturer, in 1987. It was the Group’s first foray into India.

The company has a large export market, including a 65% plus market share in Sri Lanka (in the 16 ton plus category) and also enjoys a similar market share in the bus segment in Dubai. During 2003-2005, the company executed an order of 3322 trucks for Iran under the UN’s oil and food programme, the largest ever in the Indian commercial vehicle industry.

The company is also a pioneer in CNG (Compressed Natural Gas) buses and special vehicles for the...
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