Srichand Parmanand Hinduja was an Indian-born British billionaire businessman, investor, and philanthropist. He was the primary shareholder and chairman of Hinduja Group of companies. As of August 2022, together with his brother Gopichand, he was the UK's richest man. From the 1990s, he was consistently ranked among the UK and Asia's wealthiest people. In 2022, Hinduja topped the Sunday Times Rich List with an estimated wealth of £28.472 billion sterling. Based on the rich list compiled by Asian Media & Marketing Group, Hinduja's wealth is estimated at £25.2 billion (US$31.7 billion). The Forbes List in March 2019 ranked he and his brother Gopichand as the world's 65th richest billionaire family with an estimated wealth of $16.9 billion.
Business career 1980–2000s
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 became one of India's best known business tycoons alongside such names as Tata, Birla, and Ambani. In 2012, the Group acquired the US firm Houghton International, the world's largest metal fluids manufacturer, for $1.045 billion forming a consortium with the help of Ghouse Mohammed Asif, JP Morgan ( Director of Private Equity ) and Hank Paulson , Former United States Secretary of the Treasury ( Ex - Goldman Sachs ).
Hinduja's business approach was conservative and opportunistic, investing in diversified business sectors ranging from oil & gas, banking & finance, and IT to real estate, energy & chemicals, power, and media & entertainment.