Gopichand Hinduja
Hinduja in 2019
Born
Gopichand Parmanand Hinduja

(1940-01-29) 29 January 1940
NationalityIndian
Alma materJai Hind College
Occupation(s)Co-Chairman, Hinduja Group
SpouseSunita Hinduja
Children3, including Dheeraj Hinduja
Parent(s)Parmanand Deepchand Hinduja
Jamuna Parmanand Hinduja
RelativesS. P. Hinduja and Prakash Hinduja (brothers)

Gopichand Parmanand Hinduja (Sindhi: गोपीचंद परमानंद हिंदुजा) (born 29 January 1940) is an Indian billionaire businessman controlling the Indian conglomerate Hinduja Group. For many years he was co-chairman with his brother Srichand "S. P." Hinduja who died in May 2023. He and his brother were frequently named among the wealthiest people in the UK and Asia, and in the Sunday Times Rich List 2023 ranking of the wealthiest people in the UK he was placed 1st with an estimated family fortune of £35billion.[1]

Business career

The Hinduja brothers began their careers in their father's textile and trading businesses in Bombay, India, and Tehran, Iran.[2] Successful early businesses included the sale of food commodities (onions and potatoes) and iron ore from India to Iran.[3]

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 Group became one of India's best known businesses alongside such names as Tata, Birla, and Ambani.[4] 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, (Director of Private Equity of JP Morgan) and Hank Paulson, former United States Secretary of the Treasury and formerly of Goldman Sachs.[5]

Wealth

As of August 2022, together with his late brother Srichand he is the UK's richest man.[6] Since the 1990s, he has been consistently ranked among the UK and Asia's wealthiest people. In May 2017, Hinduja topped the Sunday Times Rich List with an estimated wealth of GBP 16.2 billion ($21 billion). Based on the rich list compiled by Asian Media & Marketing Group, Hinduja's wealth is estimated at GBP 19 billion ($24.7 billion).[7] The Forbes List in March 2018 ranked he and his brother GP as the world's 55th richest billionaire family with an estimated wealth of $19.5 billion.[8]

In May 2019 The Hinduja brothers, Gopichand and Srichand, were once again named by the Time UK as the UK's wealthiest people, according to the annual Rich List survey.[9]

Early life

Gopichand Parmanand Hinduja was born on 29 January 1940, the son of Parmanand Hinduja, and educated at Jai Hind College, Bombay.[10]

Personal life

He is married to Sunita Hinduja, and they have two sons and one daughter, Sanjay Hinduja, Dheeraj Hinduja and Rita Hinduja.[10][11] The Hinduja family is of Sindhi heritage.[12]

In 2015, their son Sanjay Hinduja married his long-time girlfriend, the designer Anu Mahtani, in Udaipur, India. The wedding cost £15 million and entertainment included the pop singers Jennifer Lopez, Arjun Kapoor and Nicole Scherzinger.[13]

Citizenship

Gopichand obtained British citizenship in 1997.[14]

References

  1. ↑ Sunday Times Rich List
  2. ↑ "The world is their bazaar". Pranaygupte.com. 28 December 1987. Retrieved 21 August 2012.
  3. ↑ Cragg, Claudia (1996). The New Maharajahs: The Commercial Princes of India, Pakistan and Bangladesh – Claudia Cragg – Google Books. Claudia Cragg. ISBN 9780712677615. Retrieved 21 August 2012.
  4. ↑ "Hinduja to launch $500-mn infra fund". Business-standard.com. 18 April 2012. Retrieved 21 August 2012.
  5. ↑ James Crabtree (7 November 2012). "Hindujas' Gulf Oil agrees $1bn US deal". Financial Times. Archived from the original on 4 March 2023. Retrieved 20 June 2015.
  6. ↑ "The Sunday Times Rich List 2022". hetimes.co.uk. Retrieved 17 May 2023.
  7. ↑ Andrew Bounds (22 March 2013). "Mittal loses top spot in rich list". Business & Economy. The Financial Times Ltd. Archived from the original on 11 December 2022. Retrieved 20 June 2015.
  8. ↑ "Srichand & Gopichand Hinduja". Forbes. Archived from the original on 7 March 2013.
  9. ↑ Connett, David (11 May 2019). "Hinduja brothers take back top spot in annual Rich List". The Observer. ISSN 0029-7712. Retrieved 12 May 2019.
  10. 1 2 Europa Publications (2003). The International Who's Who 2004. Psychology Press. p. 733. ISBN 978-1-85743-217-6. Retrieved 22 May 2016.
  11. ↑ ":: Hinduja Group - Our Group ::". Hindujagroup.com. Retrieved 11 June 2016.
  12. ↑ Palijo, Waseem (8 January 2019). "Most billionaires in India today once resided in Pakistan's Sindh". Daily Times. Archived from the original on 7 May 2020. Retrieved 7 May 2020.
  13. ↑ "'India's most eligible bachelor' Sanjay Hinduja marries in £15m ceremony". Telegraph.co.uk. 13 February 2015. Retrieved 11 June 2016.
  14. ↑ "Mandelson resigns over passport deception". The Guardian. 1 February 2001. Retrieved 24 May 2023.
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