Britain’s billionaire businessman and chairman of the Hinduja Group, Srichand Parmanand Hinduja, died in London on Wednesday. He was suffering from dementia i.e. forgetfulness for some time. He breathed his last at the age of 87. SP Hinduja was the eldest of the four Hinduja brothers. The family spokesperson has confirmed his death. He is survived by his wife Madhu and two daughters Sanu and Veenu. His wife had also passed away earlier this year. SP was the mentor of his family.
SP was born in 1935. He was the eldest son of Parmanand Deepchand Hinduja, the founder of the Hinduja Group. After completing his education in 1952, he joined his father’s business at the age of 18. SP Hinduja later took British citizenship and lived in London. He is married to Madhu Hinduja. Along with this, he also has three brothers GP Hinduja, Prakash Hinduja and Ashok Hinduja in his family.
Deepchand Hinduja’s sons increased the business
Deepchand Hinduja had formed this group. After this SP Hinduja expanded his family business. It also includes commercial vehicle maker Ashok Leyland and private bank IndusInd Bank. Also, he led businesses in 38 countries in sectors such as oil, chemical, energy and IT. The group employs more than 200,000 people. According to media reports, the four brothers of the Hinduja family have a collective net worth of around $14 billion.
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The name was also associated with the Bofors scam
SP Hinduja, who joined his father’s business at the age of eighteen, also figured in the Bofors scam in the 1980s. In this scam, it was alleged that the Hinduja brothers had greatly benefited from their proximity to the Gandhi family. SP Hinduja and his two brothers were accused of taking a commission of Rs 64 crore in the Bofors gun purchase. With this the matter went to the court. However, the court acquitted him due to lack of evidence.