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Old 06-09-2014, 07:55 PM   #273
lightgiver
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Arrow 12.3 billion



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Srichand P. Hinduja is an Indian-origin business magnate, investor, and philanthropist. He is considered one of the most successful Asians of the 20th century..He is the primary shareholder and chairman of Hinduja Group of Companies. Since the 1990s, he has been consistently ranked among the UK's and Asia's wealthiest people.. In May 2014, Hinduja topped the Sunday Times Rich List with an estimated wealth of GBP 11.9 billion ($ 20.04 billion). Based on the rich list compiled by Asian Media & Marketing Group, Hinduja's wealth is estimated at GBP 13.5 billion ($ 22.7 billion).. The Forbes List in June 2014 ranked him as the world's 94th richest billionaire with an estimated wealth of $ 12.3 billion..

Alongside his younger brothers Gopichand, Prakash, and Ashok Hinduja is known as the patriarch of India's "fab 4".. Hinduja is married and has two daughters..Hinduja began his career in his father's textile and trading businesses in Mumbai, India, and Tehran, Iran.. One of his first big coups, in the early 1960s, was the acquisition of the overseas rights to the Indian blockbuster Sangam (film). Hinduja distributed and promoted the film in Middle Eastern markets and the film's unexpected success earned him millions in revenues..Hinduja was born in 1935 in Shikarpur, present-day Pakistan, as the second son of Parmanand and Jamuna Hinduja...

With the acquisition of Ashok Leyland (from British Leyland) and Gulf Oil (from Chevron) in the 1980s and the establishment of banks in Switzerland and India in the 1990s, Hinduja is the United Kingdom's wealthiest person, with an estimated wealth of GBP 11.9 billion ($ 20.04 billion) according to the Sunday Times Rich List 2014..As of June 2014, Forbes ranks Hinduja as the 94th richest person in the world, with a net worth of $ 12.3 billion.. This makes him the 6th wealthiest Indian-origin business magnate in the world..Hinduja is a teetotaler and a strict vegetarian. He is known to bring his own vegetarian food to the Queen's dining banquets at Buckingham Palace..

The chemical hub of the Hinduja Group was strengthened by the merger of Gulf Oil India Limited with IDL Industries Limited, which became effective from 1 January 2002.

The company has 4 major operating Divisions:

Commercial Explosives - handling explosives, detonators, explosive bonded metal clads and special devices for defense and space applications. It has eight plants in India, its Hyderabad plant being the largest detonator manufacturing facility in the world (192 million per annum).. It is the largest exporter of explosives and detonators to 21 countries, including the Philippines and countries in South East Asia, North Africa, the Persian Gulf, the Middle East, and Southern Europe...

Speciality Chemicals - manufactures active pharmaceutical ingredients, intermediates, and finished forms such as tablets, capsules, injectables and liquids. Also undertakes contract research and development services. Manufacturing based in Hyderabad...

Srichand, Gopichand and Prakash Hinduja have been connected with the investigation into the Bofors scandal, in which Swedish firm Bofors was alleged to have paid illegal bribes to Government officials and politicians in connection with the $1.3bn sale of 400 howitzers to the Indian Government in 1986..

In January 2001, it was revealed that UK government Minister Peter Mandelson had telephoned Home Office minister Mike O'Brien on behalf of Srichand Hinduja, who was at the time seeking British citizenship, and whose family firm was to become the main sponsor of the "Faith Zone" in the Millennium Dome. Consequently, on 24 January 2001 Mandelson resigned from the Government for a second time, insisting he had done nothing wrong..In January 2001, immigration minister Barbara Roche revealed in a written Commons reply that Keith Vaz, Member of Parliament for Leicester East and at the time a Foreign Office minister, and other MPs, had also contacted the Home Office about the Hinduja brothers, saying that Vaz had made inquiries about when a decision on their application for citizenship could be expected..In February 2005 Ashok Leyland, an India-based flagship company of the brothers' Hinduja Group, announced an agreement to supply 100 army vehicles to the Sudanese Defence Ministry. It was alleged by arms campaigner Mark Thomas that this contravened UK arms export legislation, as a number of the company's directors were UK residents or citizens...
http://www.bbc.co.uk/news/uk-27459621
http://en.wikipedia.org/wiki/Hinduja_Group
http://news.bbc.co.uk/1/hi/uk_politics/1136201.stm
http://www.davidicke.com/forum/showt...=276508&page=2Must have cost you a fortune in stamps, Ringo..He comes from a large family..How did you find America?..Turned left at Greenland..Hey, look at the talent. Let's give them a pull.. Should I?..Aye, but don't rush.. None of your 5-bar gate jumps and over sort of stuff..What's that supposed to mean?..I don't know,I just thought it sounded distinguished-like..George Harrison, the Scouse of distinction!..Are you a mod or a rocker?..Um, no. I'm a focker..We know how to behave!We've had lessons..http://www.davidicke.com/forum/showp...&postcount=300

Last edited by lightgiver; 06-09-2014 at 10:03 PM.
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