India-born British industrialist Srichand Parmanand Hinduja, a prominent figure in the business world, passed away on Wednesday at the age of 87. Hinduja, along with his younger brothers, played a pivotal role in transforming their family’s trading business into a sprawling conglomerate that spanned various sectors including banking, automotive, healthcare, and real estate. The news of his demise comes after a period of declining health, as he had been battling dementia and other ailments.
Confirming his passing, a spokesperson for the Group revealed that Srichand Parmanand had been unwell for some time and ultimately succumbed to his illnesses at his residence in London, where he had been receiving medical care. Fondly known as SP among his associates and friends, it embarked on his entrepreneurial journey at a tender age of 17, joining his father, the founder of the Group, in the family business. Over the years, he rose through the ranks and assumed the position of chairman within the conglomerate.
With his visionary leadership, Srichand Parmanand it played a pivotal role in expanding the Group’s reach and influence. Under his guidance, the company flourished and diversified its interests across multiple industries, solidifying its position as one of the most prominent business entities in the world. The Group’s presence extended globally, with a significant footprint in countries like India, the United Kingdom, the United States, and the Middle East.
The legacy of Srichand Parmanand rests not only in the success of the conglomerate but also in his contributions to philanthropy and the wider community. The Foundation, established by the family, has been instrumental in supporting various charitable initiatives in the realms of education, healthcare, and culture. Srichand Parmanand’s commitment to giving back to society has left a lasting impact, touching the lives of many.
Following his passing, his brother Gopichand Hinduja, aged 83, will assume the role of chairman within the closely held group, which boasts a staggering estimated worth of over $60 billion. Gopichand Hinduja has been an integral part of the Hinduja Group’s success story and will undoubtedly continue to steer the conglomerate toward new heights, building upon the strong foundation laid by his late brother.
Srichand Parmanand Hinduja’s departure leaves a void not only within the Hinduja family but also within the global business community. His entrepreneurial acumen, dedication, and strategic vision have been instrumental in shaping the Hinduja Group into the powerhouse it is today. The loss of such an esteemed leader and visionary is mourned by all those who had the privilege of working alongside him and witnessing his indelible contributions.
As news of Srichand Parmanand Hinduja’s passing spreads, condolences pour in from across the world, paying tribute to a man who exemplified the values of perseverance, integrity, and innovation. The impact he has made in the realms of business and philanthropy will be remembered for generations to come. His life serves as an inspiration to aspiring entrepreneurs and business leaders, reminding them of the transformative power of dedication, hard work, and an unwavering commitment to excellence.
Hinduja, known affectionately as SP, had been battling health issues, including dementia, in recent times. His prolonged illness culminated in his passing at his London residence, where he had been receiving medical care. The news of his demise was confirmed by a spokesperson for the Hinduja Group, expressing the deep sorrow felt by the company and the wider business community.
Born in 1935 in Shikarpur, Sindh (now in Pakistan), Srichand Parmanand Hinduja entered the world of business at a young age. At 17, he joined his father, Parmanand Hinduja, in the family business and began to learn the intricacies of trade and entrepreneurship. Over the years, he demonstrated exceptional business acumen and emerged as a key driver of the Hinduja Group’s growth.
In honouring the memory of Srichand Parmanand Hinduja, his family, friends, and colleagues pledge to carry forward his extraordinary legacy and continue building upon the strong foundations he laid.
