Srichand Hinduja, the Indian-born billionaire chief of a worldwide business empire and the patriarch of the United Kingdom’s wealthiest household, has died aged 87, his daughters say.
Hinduja, identified by his initials SP, was affected by dementia and his household mentioned he had “passed away peacefully this morning”.
He was chairman of the eponymous business group which owns public corporations in India with pursuits in banking, chemical substances, software program and business automobiles.
Hinduja and his youthful brother Gopichand, 83, topped the Sunday Times Rich List in 2022 for a fourth time, with an estimated web value of 28.5 billion kilos ($A53.4 billion) that features property value thousands and thousands in central London.
“It is with deep sadness that we announce the passing of our father,” Hinduja’s daughters Shanu and Vinoo mentioned in a press release.
“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.”
The Hinduja Group, which employs 200,000 folks throughout greater than 30 nations, was based in 1914 by Parmanand Deepchand Hinduja, who traded in carpets and dried fruit from Iran earlier than his sons Srichand and Gopichand shifted their base to the UK within the Nineteen Seventies.
More not too long ago the brothers have been embroiled in a feud over the way forward for their business empire and Gopichand had challenged the legitimacy of a long-lasting energy of lawyer granted to Srichand’s daughters.
Gopichand and Srichand’s daughters had reached an obvious truce however a lawyer representing Srichand’s pursuits informed a London courtroom final month that that settlement was in danger.
“Amongst other things, SP will be remembered for his great contributions in bringing India and its culture to the global stage through his work and philanthropic efforts,” Hinduja’s daughters mentioned.
Source: www.perthnow.com.au
