The saga of the Hinduja Group started in Sind, the cradle of the Indus Valley Civilisation, where more than 5,000 years ago, the human race learnt its first lessons in organised business and banking.
Parmanand Deepchand Hinduja, a young entrepreneur from the fabled town of Shikarpur, realised early in life that business was all about spotting opportunities, and seizing them wherever they surfaced.
He travelled to Mumbai in 1914, and quickly learnt the ropes of business. The business journey, which began in Sind, entered the international arena with an office in Iran (the first outside India) in 1919.
Merchant Banking and Trade were the twin pillars of the business and the Group remained headquartered in Iran, until 1979 when it moved to Europe.
The Group has expanded and diversified its businesses, with significant social and charitable contributions, under the present leadership of Chairman, Srichand, ably supported by his brothers, Gopichand, Prakash and Ashok.
Today, the Hinduja Group has become one of the largest diversified groups in the world spanning all the continents. The Group employs over 70,000 people and has offices in many key cities of the world and all the major cities in India.
The Hinduja Family has always adapted to free-market reforms moving quickly in 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.
The Business Philosophy
Firm believers in traditional family values, the Hindujas have all along striven to inculcate the family concept in their business enterprises.
"My dharma (duty) is to work, so that I can give."
Parmanand Deepchand Hinduja (1901-1971)
Founder, Hinduja Group
Every member of the Group is encouraged to practice the Vedic principles of work: 'Service with devotion' and 'willingness to see fulfilment of one's self-interest in the active promotion of the interest of the collective'.
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.