Srichand Hinduja, the Indian-born billionaire leader of a global business empire and the patriarch of Britain’s wealthiest family, has died aged 87. He was battling a form of dementia and was unwell for some time.
Hinduja and his younger brother Gopichand, 83, topped The Sunday Times Rich List in 2022 for a fourth time, with an estimated net worth of 28.5 billion pounds (AED 130.6 billion).
“It is with deep sadness that we announce the passing of our father SP Hinduja,” his children Shanu and Vinoo Hinduja said in a statement.
“SP was a visionary titan of industry and business, humanitarian and philanthropist … He touched countless lives on his path, and we are forever grateful for the time we cherished with him.”
The Hinduja Group operates in various sectors such as truck-making, banking, chemicals, power, media, and healthcare, employing over 150,000 people in 38 countries, according to a Bloomberg report in 2021.
SP Hinduja was married to Madhu and had three children: Shanu, Vinoo, and Dharam (who passed away in 1992).
Known as a leading Non-Resident Indian (NRI) businessman, Hinduja played a pivotal role in conceptualising IndusInd Bank, one of India’s first new-generation private banks.
According to the Bloomberg Billionaires Index, SP Hinduja had an estimated net worth of about $3.6 billion.
In 2022, SP Hinduja and his younger brother Gopichand topped The Sunday Times Rich List for the fourth time, with an estimated net worth of £28.5 billion ($36 billion).
– Agencies
