Srichand Parmanand Hinduja, the Chairman of the Hinduja Group, Wednesday passed away at the age of 87 in London, news agency PTI reported. The eldest of the four Hinduja brothers, Srichand was unwell for some time.
In a statement The family said, “Gopichand, Prakash, Ashok and the whole Hinduja family with heavy heart regret to announce the passing away of our family patriarch, and Chairman of the Hinduja Group, Mr S P Hinduja today.”
According to a Reuters report, the Hinduja family’s business spans sectors including banking, chemicals and healthcare and employs roughly 200,000 people worldwide. Their vast wealth put Srichand, Gopichand and the Hinduja family at the top of The Sunday Times UK Rich List 2022, with a net worth of more than 28 billion pounds ($33 billion).
Last year, the billionaire family had agreed a worldwide truce in a long feud after a legal battle over the future of its global business empire, Reuters reported. The dispute contested in a specialist court centered the health of the patriarch SP Hinduja, who was suffering from dementia. Later, the matter was resolved amicably between the parties.
“The Hinduja family matter regarding the health and welfare of SP has already been resolved amicably between all parties and today’s judgment solely concerned whether those matters should remain private,” the report quoted a spokesperson for the Hinduja family.