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S.P. Hinduja, patriarch of British Indian business empire, dies at 87

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S.P. Hinduja, the patriarch of one of Britain’s richest families, leading a business empire that grew from his father’s jute shop in Mumbai into a transnational powerhouse, died at 87.

In 1987, Mr. Hinduja led efforts to take control of Ashok Leyland, which included remnants of the defunct British automaker British Leyland.

That professed unity was torn apart as Mr. Hinduja’s health failed. His three brothers filed a legal challenge to Mr. Hinduja’s claim of sole ownership of S.P. Hinduja Banque Privée, based in Geneva. The suit cites a 2014 letter, signed by Mr. Hinduja and his brothers, reaffirming the family mantra of joint ownership of all assets.Mr. Hinduja’s daughter, Vinoo Hinduja, countered that the letter had no legal authority.

Mr. Hinduja studied in Mumbai, completing his degree at R.D. National College in 1952, after the end of British rule and the 1947 partition that created Pakistan and post-colonial India. “I have experienced the loss of my homeland,” he said.

 

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SP Hinduja, billionaire head of Britain's richest family, dies at 87 | CNN BusinessSrichand Hinduja, the Indian-born billionaire leader of a global business empire and the patriarch of Britain’s wealthiest family, has died aged 87, his daughters said on Wednesday.
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