Bloomberg Billionaires Index

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#433 Gopichand Hinduja $4.53B

Random fact: Family's early business was dubbing Hindi films into Persian.


Hinduja is co-chairman of Hinduja Group, a closely held industrial conglomerate established in 1914. It operates in the finance, media and energy industries, and has stakes in six publicly traded Indian companies, including IndusInd Bank, a Mumbai-based financial services business with $27 billion in assets as of March 2017.

As of Dec. 11, 2017:
Last change +$57.2M (+1.3%)
YTD change +$773M (+20.6%)
Industry Diversified
Biggest asset IIB IN Equity
Citizenship United Kingdom
Age 77
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Gopichand Hinduja's net worth of $4.53B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Hinduja's fortune is derived from family-controlled Hinduja Group, a conglomerate established by his father, Parmanand Hinduja, in 1914. The closely held company controls more than 50 operating businesses and holding companies across India, the U.K., Switzerland, Luxembourg, the U.S. and Mauritius, according to data compiled by Bloomberg. The family also owns real estate in London, New York, Paris and Geneva, as well as across India. The assets are held as a collective fortune under India's Hindu Undivided Family tax law and credited to the founder's four sons.

The Hindujas owns stakes in six publicly traded Indian companies: vehicle manufacturer Ashok Leyland, petroleum companies Gulf Oil Corporation and Gulf Oil Lubricants, data services provider Hinduja Global Solutions, private equity firm Hinduja Ventures and Mumbai-based IndusInd Bank. Closely held assets include Hinduja Bank, PD Hinduja National Hospital, Mumbai Juhu Marriott and Houghton International.

The value of their cash investments is based on known asset sales and dividends. The family owns 1,970 acres of land in Mumbai, Bangalore, Delhi, Hyderabad, Chennai and Rourkela, according to company spokesperson Durga Patnaik. The land is valued debt-free using average per-acre prices provided by Cushman & Wakefield.

Residential properties in London, Geneva, New York and Washington D.C. are valued using information provided from real estate agents in those markets who asked not to be identified because the assets are private.


Birthdate: 2/29/1940
Family: Married, 3 children
Education: 1959, Graduated, Jai Hind College

Gopichand Hinduja was born in India, the second son of Parmanand and Jamuna Hinduja. He co-chairs the Hinduja Group with his London-based sibling Srichand. His two other brothers, Prakash and Ashok, run the conglomerate's operations in Europe and India. Gopichand joined the family business after graduating from Mumbai's Jai Hind College in 1959.

Parmanand, originally from Shikarpur, Pakistan, travelled to Mumbai to establish his business in trade and banking in 1914. He opened an office in Tehran, selling Indian movies dubbed into Persian, five years later. The headquarters of the Group remained there until the 1979 Islamic Revolution and the overthrow of the Shah, when it was moved to London. Parmanand died in 1971, and sons Gopichand and Srichand left for London eight years later, while Prakash moved to Geneva and Ashok remained in Mumbai.

Since then, Hinduja Group has expanded to transport (Ashok Leyland), energy (Gulf Oil International), finance (IndusInd Bank), IT services (Hinduja Global Solutions), media (IndusInd Media & Communications), real estate (Hinduja Realty Ventures), healthcare (Hinduja Healthcare Surgical) and project development (AMAS Investment). The closely held company controls more than 50 operating businesses and holding companies across India, the U.K., Switzerland, Luxembourg, the U.S. and Mauritius, and has real estate holdings in London, New York, Paris and Geneva, as well as across India.

The billionaire is also chairman of Hinduja Automotive Limited. He became a British citizen after applying twice for citizenship, in November 1997. He is married to Sunita and lives in London with his two sons Sanjay and Dheeraj, both involved in the Hinduja Group, and a daughter Rita.

  • 1914 Father Parmanand Hinduja starts the family business.
  • 1919 The Hinduja Group is established in Iran.
  • 1959 Joins Hinduja Group.
  • 1971 Parmanand Hinduja dies.
  • 1979 Moves to London with brother Srichand.
  • 1984 Hinduja Group acquires Gulf Oil.
  • 1997 Receives his British passport.
  • 2005 Cleared of bribery charges in Bofors arm case.
  • 2006 Acquires Carlton House on the Mall from the Crown Estate.