Latest news with #HindujaFamily
Bloomberg
21-05-2025
- Business
- Bloomberg
Hinduja-Backed IndusInd Bank Reports Big Loss, Finds Fresh Fraud
IndusInd Bank Ltd. backed by the billionaire Hinduja family, posted a bigger-than-expected loss in the three months to March, with recent woes for the lender piling up as it announced fresh accounting discrepancies just weeks after its chief executive officer stepped down. The bank reported a loss of 22.4 billion rupees ($262 million) in the fourth quarter, compared with a profit of 23.5 billion rupees a year ago. The average analyst estimate was for a loss of 2.03 billion rupees.
Times
17-05-2025
- Business
- Times
Gopi Hinduja and family net worth — Sunday Times Rich List 2025
What is Gopi Hinduja and family's net worth? ▼ £35.304 billion£37.196 billion in 2024 The sumptuous 120-room Raffles hotel fashioned out of Whitehall's Old War Office (OWO) in central London, where Winston Churchill and Ian Fleming, the creator of James Bond, worked during the Second World War, has been restored to 21st-century luxury by Gopi Hinduja, who tops The Sunday Times Rich List for the fourth successive year. More recently, the gilt-edged OWO has hosted several 'leaving UK' parties for super-rich individuals and families getting out of the country. The building's owner will not be hosting one himself. Gopi — or GP as he likes to be known — plans to see out his days in his 60-room home on Carlton House Terrace, just
Times
16-05-2025
- Business
- Times
The Sunday Times Rich List 2025 revealed
Inventors and industrialists, football club owners, Liverpool's richest man, pop stars and asylum kings, along with a couple from Suffolk who became billionaires overnight, the Rich List is full of risk-taking, resilience and reward — along with luck. Taking the top spot for the fourth successive year is Gopi Hinduja, 85, and family with a fortune of £35 billion. Hinduja lost £5.2 million a day over the past 12 months but is investing in electric chargers for vehicles in the UK. The Sunday Times's annual examination of the finances of Britain's most affluent individuals and families has been one of the toughest to compile due to Trump's tariffs and the ensuing stock market turbulence. The result is a stark reflection of the state of
The Independent
16-05-2025
- Business
- The Independent
UK sees big fall in billionaires after non-dom tax crackdown, Rich List shows
The UK has suffered the biggest fall in billionaires on record after Chancellor Rachel Reeves' non-dom tax crackdown, according to the Sunday Times Rich List. The annual list of Britain's wealthiest people was once again topped by the Hinduja family, who are worth more than £35 billion. Famous figures including Sir Elton John, Andrew Lloyd-Webber, Sir Lewis Hamilton, David and Victoria Beckham, and the King all appear in the list of the UK's 350 richest individuals and families. The latest publication however reveals a third consecutive slump in the number of billionaires residing in the UK. The number of billionaires slid to 156 this year from 165 in 2024, representing the sharpest decline in the Sunday Times Rich List's 37-year-history. 'Our billionaire count is down and the combined wealth of those who feature in our research is falling,' said Robert Watts, compiler of the Rich List. 'We are also finding fewer of the world's super rich are coming to live in the UK.' He said he was also 'struck by the strength of criticism for Rachel Reeves's Treasury' when speaking to wealthy individuals for the publication. Mr Watts said: 'We expected the abolition of non-dom status would anger affluent people from overseas. 'But homegrown young tech entrepreneurs and those running centuries-old family firms are also warning of serious consequences to a range of tax changes unveiled in last October's budget.' The Labour Government abolished the non-dom tax status in April, which is where UK residents whose permanent home or domicile for tax purposes is outside the UK. Last year, former Conservative chancellor Jeremy Hunt revealed plans to scrap the tax status before successor Rachel Reeves sped up the process. Akshata Murty, the wife of former prime minister Rishi Sunak, is among those who were well-known non-doms. The couple once again appear in the Rich List, although their wealth slipped to £640 million from £651 million a year earlier, after her shares in Infosys – the tech company founded by her father – fell over tariff concerns. Other notable figures on the list included the King, whose wealth matched that of Mr Sunak and Ms Murty at £640 million. Gopi Hinduja and his family, who are behind the Indian conglomerate Hinduja Group, were named Britain's richest again in 2025, despite their wealth dipping to £35.3 billion from £37.2 billion. The Hindujas were followed in the list by real estate moguls David and Simon Reuben, who moved up to second after increasing their wealth to £26.9 billion. They were followed by investor Sir Leonard Blavatnik, entrepreneur Sir James Dyson and shipping tycoon Idan Ofer. The biggest faller in 2025 was Ineos founder and Manchester United part-owner Sir Jim Ratcliffe who saw his wealth decline by around £6 billion for the second consecutive year. He is seventh on the list with a wealth of around £17 billion. Meanwhile, the biggest risers were the Russian-born brothers Igor and Dmitry Bukhman who built a fortune on mobile games such as Gardenscapes and Fishdom, who saw their wealth almost double to £12.5 billion.
Business Standard
09-05-2025
- Business
- Business Standard
UK's Billionaire Hinduja Family's "Road to School" Model transforms Kashmir's Nowpura
VMPL New Delhi [India], May 9: In a region often defined by uncertainty, the quiet revolution in Nowpura, Kashmir, offers a compelling story of hope, resilience, and transformation. At the heart of this story is the Road to School (RTS) program--an initiative supported by Ashok Leyland, implemented in partnership with the Learning Links Foundation, and backed by the UK's Billionaire Hinduja Family, known globally for their philanthropic leadership and enduring commitment to community-development. While RTS began to improve children's educational access, the program has become a powerful model for holistic community upliftment. In Nowpura, that vision is realized by linking local artisans with the Pradhan Mantri Vishwakarma Scheme, a national initiative supporting traditional craftspeople with training, certification, and financial support. Prakash Hinduja (79), Managing Trustee of the Hinduja Foundation, envisions a positive generational impact through this scheme. From Education to Economic Independence The RTS model in Nowpura is rooted in a simple but powerful idea: investing in community ecosystems creates long-term economic resilience. The Hinduja Family's philosophy guides much of their philanthropy in India. It's not just about delivering services--it's about building self-sustaining communities that thrive independently. In Nowpura, this investment is paying dividends. With unwavering support from Resource Person Mohd Arif and Project Associate Shaista Unjum, the RTS team held a number of focused awareness interventions. The workshops aimed to promote skill development among families in the area and teach them how to manage the challenging paperwork to sign up for the government program. Their grassroots efforts led to a remarkable outcome. Twenty-one community members completed specialized training at a certified institute and began receiving stipends--an income stream that supports individuals and uplifts entire households. Another 7-8 artisans were awarded skill certifications for their expertise, opening doors to establish minor tailoring, masonry, and carpentry businesses. Building a Skilled Workforce In addition to political instability, war zones like Kashmir occasionally experience difficulties with growth. Because there are no economic possibilities and tense infrastructure interrupts educational systems, it is difficult for the populace to escape cycles of poverty. Under the broader vision of Prakash Hinduja and the Hinduja Family, the RTS program takes a systemic approach to solving these challenges, starting with skills and self-reliance. By connecting artisans to national schemes and providing structured support, RTS helps individuals reclaim control over their futures. The model is not just reactive but proactive and preventative, addressing root causes of economic exclusion. The Hinduja Family's Vision for Community Development Giving back has always been important to the Hinduja family. Being one of the wealthiest families in Britain, they have a growing charitable presence in India, particularly in livelihood development, education, and health. Speaking about the RTS success in Kashmir, Switzerland-based Prakash Hinduja, Chairman of Hinduja Group, Europe, noted: "It is our responsibility to ensure that development reaches even the remotest corners of our nation. Through programs like RTS, we are enabling people to survive and thrive." This experiential, grassroots model distinguishes the Hinduja Foundation's work from conventional charity. RTS is not an isolated effort but a component of an overall initiative to educate and empower communities through livelihood. Partnerships That Drive Progress The Road To School's success in Nowpura also underscores the importance of collaboration. While the Hinduja Foundation provides strategic guidance and vision, partnerships strengthen the implementation on the ground. Ashok Leyland, a flagship company of the Hinduja Group, plays a key role in funding and technical support. At the same time, the Learning Links Foundation ensures on-the-ground execution with educational expertise. Together, they form a model that could be replicated in other conflict-affected or economically marginalized regions of India. A Model for the Future As India continues to push for inclusive growth and rural development, programs like Road to School demonstrate that livelihood and education cannot be treated in isolation. In Nowpura, what began as a school intervention has evolved into a powerful engine for economic revival. For the UK's richest Hinduja Family, this is yet another chapter in their long-standing legacy of community stewardship. In the words of Prakash Hinduja: "Real change comes when people are given the tools to change their lives. RTS proves that even in the most fragile settings, transformation is not only possible--it's already happening." The success of RTS in Nowpura is more than a local story; it's a national blueprint for integrated development--one that combines education, livelihood, government policy, and private philanthropy to create a sustainable impact.
