Billionaire chairman of Hinduja Group dies aged 87

Twitter

Srichand Hinduja, the Indian-born billionaire leader of a global business empire and the patriarch of Britain's wealthiest family, has died aged 87.

Hinduja and his younger brother Gopichand, 83, topped The Sunday Times Rich List in 2022 for a fourth time, with an estimated net worth of 28.5 billion pounds (AED 130.6 billion).

"It is with deep sadness that we announce the passing of our father SP Hinduja," his children Shanu and Vinoo Hinduja said in a statement.

"SP was a visionary titan of industry and business, humanitarian and philanthropist ... He touched countless lives on his path, and we are forever grateful for the time we cherished with him."

Hinduja was chairman of the eponymous business group which owns publicly listed companies in India across banking, chemicals, information technology and commercial vehicles.

More from Business

  • US considers breakup of Google in landmark search case

    The US said it may ask a judge to force Alphabet's Google to divest parts of its business, such as its Chrome browser and Android operating system, that it says are used to maintain an illegal monopoly in online search.

  • UAE inaugurates first Global Rail Conference

    The first edition of the Global Rail Transport Infrastructure Exhibition & Conference (Global Rail) 2024 was launched in Abu Dhabi on Tuesday and set to continue until Thursday. The event, hosted by Etihad Rail, was inaugurated by several UAE officials and industry leaders. 

  • Boeing withdraws pay offer to striking workers

    Boeing has withdrawn its pay offer to around 33,000 US factory workers and no further negotiations were planned with their union representatives, as a financially damaging strike nears its fourth week.

  • UAE Cabinet approves AED 71.5 billion federal budget

    The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, has approved the Union General Budget Plan for the fiscal year 2025.

  • Emirates cancels Iran and Iraq flights until October 16

    Emirates has cancelled flights to Iran and Iraq until October 16, the airline announced on Tuesday evening. Earlier in the week, flights to Baghdad and Basra in Iraq had resumed before the latest update.