S.P. Hinduja was the patriarch of British-Indian business empire
By BRIAN MURPHY
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 whose holdings include part of the former Gulf Oil giant, truck maker Ashok Leyland and a mansion near Buckingham Palace, died May 17 in London. He was 87.
A statement by the family announced the death but gave no additional details. Hinduja had been out of the public eye for years because of health conditions related to dementia.
Under Hinduja, the eldest of four brothers, the Hinduja Group operated as a tightly run family network without outside shareholders or extensive public disclosures of its business portfolio, estimated at more than $15 billion. The group’s wealth and influence, however, was evident by the high-profile connections forged by Hinduja and his family.
Before moving to Britain in the 1970s, Hinduja, widely known as S.P., built ties with the shah of Iran, Mohammad Reza Pahlavi, with businesses that included dubbing Bollywood films into Farsi. In the United States, Hinduja hired advisers such as Ted Sorensen, the former speechwriter of President John F. Kennedy.
He built alliances in Britain with prime ministers, ambassadors and commercial envoys. He also was invited occasionally to banquets hosted by Queen Elizabeth II as a neighborly gesture. (Hinduja, a vegetarian, brought his own food made to his strict specifications.) He made his few public appearances at events intended to burnish his philanthropic credentials: scholarships, building a Hindu temple in England and the opening in 1999 of the Hinduja Group-funded “Spirit Zone” at the Millennium Dome in Greenwich.
“The word ‘mysterious’ always seems to go with the Hinduja name,” Hinduja told Britain’s Daily Express in 1999. “Why? Because we are a private company. We don’t need a high profile.”
Yet Hinduja’s carefully groomed public image was at times shattered by investigations into alleged influence peddling. Hinduja and his brothers were under scrutiny by Indian authorities after reports claiming bribes were paid in connection with a $1.3 billion sale of weapons by the Swedish arms maker Bofors in 1986. The Hinduja family was cleared of any wrongdoing in 2005 by a court in New Delhi.
Hinduja was also at the center of a political tempest in Britain over his request for citizenship. A Cabinet member, Peter Mandelson, resigned in 2001 after disclosures that he had phoned the top immigration official in 1998 regarding Hinduja’s application. Mandelson’s critics contended that he was doing a political favor after Hinduja’s pledge to help with the Millennium Dome.
An independent inquiry found no evidence on improper acts by Mandelson or others. Hinduja, who received his passport in March 1999, threw a lavish party that November with his family for the Hindu festival Diwali. On the guest list was British Prime Minister Tony Blair and his wife, Cherie.
The Hinduja family topped the British “rich list” in 2022 with an estimated wealth of 28.4 billion pounds, or about $35 billion. That total, compiled by the Sunday Times, included the value of British property holdings. Their biggest trophy is the family’s London hub, 13-16 Carlton House Terrace, four connected 18th-century townhouses on a site that was once home to King George IV before he ascended to the throne in 1820.
The Forbes List most recently placed the value of the Hinduja family business network at about $15.2 billion, which includes health care, energy and banking in Switzerland and India. Among its flagship acquisitions in the United States was the 1984 purchase of part of the former Gulf Oil conglomerate from Chevron, and a 2012 deal for Houghton International, a maker of metalworking fluids and other chemicals.
In 1987, Hinduja led efforts to take control of Ashok Leyland, which included remnants of the defunct British automaker British Leyland.
Srichand Parmanand Hinduja was born Nov. 28, 1935, in Karachi in what is now Pakistan but then was part of the British-ruled subcontinent. His father had started with a shop in Mumbai selling jute and textiles and later expanded to Iran, trading in food, spices and other commodities from India.
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.
OBITUARIES
en-us
2023-06-08T07:00:00.0000000Z
2023-06-08T07:00:00.0000000Z
https://epaper.theday.com/article/281754158719802
The Day
