“My dharma (duty) is to work, so that I can give."
Parmanand Deepchand Hinduja (1901-1971)
Founder, The Hinduja Group
The Hinduja Group was founded by Parmanand Deepchand Hinduja in 1914. He was a foresighted visionary with strong business acumen. He had a keen eye for opportunities and capitalized on them.
He hailed from a Hindu family based in India and set up operations in the country. The Hinduja Group made its first international foray in Iran in 1919. Merchant Banking and Trade were the twin pillars of the business and remained headquartered in Iran, until the company moved to Europe in 1979.
With its pioneering and entrepreneurial spirit, the Hinduja group has expanded and diversified its businesses, along with significant philanthropic contributions, under the present leadership of Chairman, Srichand, ably supported by his brothers, Gopichand, Prakash and Ashok.
Presently, The Hinduja Group is a global conglomerate headquartered in London, United Kingdom. The Hinduja Group
takes pride in being one of the largest diversified groups in the world spanning all continents. It employs over 70,000 people and has offices in many key cities of the world and all the major cities in India, religiously adapting the work principle “Service with The foundation is devotion and willingness to see fulfillment of one’s self-interest in the active promotion of the interest of the collective.”
The Hinduja Group has always adapted to free-market reforms in tandem with the increasing new markets that have opened, and capitalising on new economy opportunities. As a result, the Hinduja Group has now strategically positioned itself to contribute to old economy sectors such as Banking & Finance, Transport, Energy (Oil & Power) as well as the new economy of Technology, Media and Telecom.
Firm adherents in traditional family values, they have all along striven to inculcate the family concept in their business enterprises.
Mutual trust, respect, cohesion and co-operation are emphasised as key organisational guidelines. At the same time, sound modern management practices are given primacy within individual companies of the Group and also at the corporate level.
Professionals are allocated independent charge of diversified activities. There is a high premium on healthy internal competition, incentives to executives and employees for outperforming one another, and appreciation of good performance.
The Group has, throughout its history, demonstrated a strong commitment to creating better understanding between the people and the governments of the world. Building amity and co-operation between their host country and their mother country, India, has been an article of faith.
Hinduja Housing Finance is a part of the Hinduja Leyland Finance (HLF) the financing arm of truck manufacturer Ashok Leyland, which provides a wide gamut of financial offerings. It also supports charitable and philanthropic activities across the world through the Hinduja Foundation.