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A Brief History of S.P. Hinduja and Family.
At 13 years old, Parmanand (P.D.) Hinduja moves from his native Shikarpur, Sindh to Bombay to set up his own trading business. Soon after, the financial turmoil of the First World War forces him to find new markets for his goods.
Recognizing the potential for trade between India and Iran, he sets up partnerships that allow him to export and import tea, jute goods, textiles spices and all manner of goods between the two countries.
P.D's son, Srichand (S.P.) Hinduja, at age 18, joins his father’s trading business helping to expand operations to plywood manufacturing, textile mills and brick manufacturing for distribution along the Silk Route.
In the next decades, Parmanand and his sons expand to operate textile mills, brick manufacturing, plywood and textile processing and cotton and silk manufacturing.
Along with other Sindhi philanthropists, Parmanand establishes the Seth Deepchand Gangaram Hinduja Healthcare Centre to care for the needs of refugees after Partition of India and Pakistan. 2 years later the Healthcare Centre becomes a National Hospital equipped with 30 beds, and is managed by the National Health and Education Society.
S.P. and his older brother Girdhar buy international rights to Hindi movies and become the first distributors of Indian film outside India, promoting them around the world.
S.P. establishes Amas SA Finance in Switzerland.
1984 Srichand leads the Hinduja Group purchase of Gulf Oil (outside of U.S., Spain and Portugal).
Under Srichand’s vision, a new 350-bed Hinduja National Hospital is commissioned to replace the old hospital, providing a better range of treatments and research facilities developed in collaboration with Massachusetts General
Hospital in Boston.
In 2000, Vinoo Hinduja is named Managing Trustree, taking the hospital to new heights, and over 500 beds, a nursing college and research center.
In partnership with IVECO, Srichand leads the acquisition of Ashok Leyland, India’s second largest commercial vehicle manufacturer.
In memory of his late son, Dharam S Hinduja, Srichand establishes Dharam Hinduja Institutes of Indic
Research in India, and at Cambridge and Columbia, devoted to finding modern-day applications for the Vedic scriptures and traditions, including Yoga and Ayurveda.
S.P. establishes IndusInd Bank in India, in collaboration with other prominent Non Resident Indians.
The Hinduja Foundation becomes a Founder Member of the Prince Albert II of Monaco Foundation, dedicated to the prevention of the harmful effects of climate change.