- Property dispute in Hinduja group
- Dispute over ownership of 107-year-old group
The three brothers, including SP Hinduja, have assets worth Rs 1.43 lakh crore. But the story of the property dispute and inconvenience in the Hinduja group is coming out. There are indications that total assets are declining following the disputes. With the revelation of Karam Hinduja, a member of the Hinduja family and a successor to the new generation, one of the oldest family businesses in the country is once again under discussion. Uncertainty over the future of the 107-year-old group is under discussion.
The 85-year-old SP Hinduja, along with his daughter and grandson, are in a property dispute with other Hinduja families. The dispute is over the ownership of the $ 18 billion company. There are cases pending in the courts of London and Switzerland.
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The business group was founded in 1914 by Paramanand Deepchand Hinduja. It is located in Sindh, British India. Later, the Hinduja Group expanded its presence in various fields, including film distribution. The Hinduja Group has a presence in various sectors such as truck manufacturing, chemicals, energy and banking.
The value of the company had fallen 23 percent last year. The Hinduja Group was hit hard last year by major businesses like IndusInd Bank, Gulf Oil and GOCL Corporation. Property disputes and other issues are likely to reduce the Hinduja Group’s assets again. The Hinduja brothers are four brothers, SP Hinduja, Gopichand Hinduja, Ashok P Hinduja and Prakash Hinduja, sons of Paramanand Hinduja.