AsiansInvest

Family capital / India

India

Hinduja family

Parmanand Deepchand Hinduja, from Sindh, moved to Bombay in 1914 to start a trading business, then in 1919 built an international trading operation headquartered in Persia around merchant banking and India–Iran trade. The group stayed headquartered in Iran for roughly six decades.

BankingCommercial vehiclesMediaEnergy

How the fortune was built

His four sons — Srichand, Gopichand, Prakash, and Ashok Hinduja — relocated headquarters to London in 1979 amid Iran's Islamic Revolution and diversified into oil and lubricants (Gulf Oil), commercial vehicles (Ashok Leyland), banking (IndusInd Bank), media, and IT/BPO. The largely private group, run jointly under a 'one family, one fortune' ethos, now spans 25-plus companies and has repeatedly ranked among Britain's wealthiest families.

Where the family invests today

The joint-ownership structure became the basis of a prominent succession dispute — Srichand Hinduja's daughters accused their uncles of sidelining them, triggering a multi-year London court battle over Hinduja Bank that was settled in November 2023. On investing, the family has been raising its promoter stake in IndusInd Bank toward 26%, part of a stated target of $35–40 billion in value creation from banking, financial services, and insurance by the early 2030s. IndusInd Bank disclosed a significant derivatives-related accounting issue in 2025 — an evolving situation worth watching.

Investing in India

See the full market guide for India — currency, exchange, regulator, and how everyday investors there put money to work.

Go to India →

Other India families

Steel & automotive

Tata family

Jamsetji Tata, born in Navsari, Gujarat, founded a private trading firm in Bombay in 1868 with rough…

Telecom & digital

Ambani family

Dhirubhai Ambani began trading spices in the late 1950s before pivoting into synthetic textiles, ope…

Cement

Birla family

The family's trading business traces to 1857 in Pilani, Rajasthan; Ghanshyam Das ('G.D.') Birla late…

Ports & logistics

Adani family

Gautam Adani worked briefly as a diamond sorter in Mumbai before returning to Gujarat in 1981 to hel…

Consumer goods

Godrej family

Ardeshir Godrej, a lawyer turned entrepreneur, founded the business in a rented Mumbai shed in 1897,…

Automobiles

Bajaj family

Jamnalal Bajaj founded the group's predecessor in 1926, building on a cotton-ginning venture in Ward…

Automotive

Mahindra family

Brothers J.C. and K.C. Mahindra, with a partner, incorporated Mahindra & Mohammed in Ludhiana, Punja…

IT services

Premji family

Wipro's predecessor, Western India Vegetable Products, was founded by Azim Premji's father in Amalne…

See the trends these families are backing

From family offices to venture investing — explore what's shaping capital across Asia.

Explore trends

Frequently asked questions

What is the history behind the Hinduja family?
Parmanand Deepchand Hinduja, from Sindh, moved to Bombay in 1914 to start a trading business, then in 1919 built an international trading operation headquartered in Persia around merchant banking and India–Iran trade. The group stayed headquartered in Iran for roughly six decades.
How did the Hinduja family build its fortune?
His four sons — Srichand, Gopichand, Prakash, and Ashok Hinduja — relocated headquarters to London in 1979 amid Iran's Islamic Revolution and diversified into oil and lubricants (Gulf Oil), commercial vehicles (Ashok Leyland), banking (IndusInd Bank), media, and IT/BPO. The largely private group, run jointly under a 'one family, one fortune' ethos, now spans 25-plus companies and has repeatedly ranked among Britain's wealthiest families.
Where does the Hinduja family invest today?
The joint-ownership structure became the basis of a prominent succession dispute — Srichand Hinduja's daughters accused their uncles of sidelining them, triggering a multi-year London court battle over Hinduja Bank that was settled in November 2023. On investing, the family has been raising its promoter stake in IndusInd Bank toward 26%, part of a stated target of $35–40 billion in value creation from banking, financial services, and insurance by the early 2030s. IndusInd Bank disclosed a significant derivatives-related accounting issue in 2025 — an evolving situation worth watching.