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Hinduja Group
Quick Facts:
Headquarters: London, United Kingdom
Founded: 1914
Subsidiaries: Ashok Leyland, Hinduja Foundries, Ashok Leyland Defence Systems
Founder: Parmanand Deepchand Hinduja
Chairman: S P Hinduja
Number of employees: 72, 000

The Hinduja Group is a multi-billion dollar, transnational conglomerate. The Group was founded by Shri P.D. Hinduja in 1914 whose credo was "My duty is to work so that I can give". Merchant Banking and Trade were the twin pillars of the business and the Group remained headquartered in Iran, until 1979 when it moved to Europe. The Group's activities span across three core areas: Investment Banking, International Trading and Global Investments. It also supports charitable and philanthropic activities across the world through the Hinduja Foundation. As part of its Global investments, the Group owns businesses in Automotive, Information Technology, Media, Entertainment & Communications, Banking & Finance Services, Infrastructure Project Development, Oil and Gas, Power, Real Estate, Trading and Healthcare. With operations across 37 countries, the Group employs over 72,000 people worldwide.

Business Philosophy and Values * Firm believers in traditional family values, the Hindujas have all along striven to inculcate the family concept in their business enterprises. Every member of the Group is encouraged to practice the Vedic principles of work: 'Service with devotion' and 'willingness to see fulfilment of one's self-interest in the active promotion of the interest of the collective'. * Mutual trust, respect, cohesion and co-operation are emphasized as key organizational guidelines. At the same time, sound modern management practices are given primacy within individual companies of the Group and also at the corporate level. * Professionals are allocated independent charge of diversified activities. There is a high premium on healthy internal competition, incentives to executives and employees for outperforming one another, and appreciation of good performance. * The Group has, throughout its history, demonstrated a strong commitment to creating better understanding between the people and the governments of the world. Building amity and co-operation between their host country and their mother country, India, has been an article of faith.

I. Global Investments

1. Automotive

For over six decades, Ashok Leyland has been in the business of moving people and goods, touching millions across several countries worldwide. A US $ 2.5 billion Company, Ashok Leyland is one of the largest commercial vehicle manufacturers in India. Ashok Leyland buses carry over 70 million passengers every day. Close to 700,000 of the Company's vehicles keep the wheels of economies turning and, with nearly 70,000 Stallion vehicles in use, Ashok Leyland is also the largest supplier of logistics vehicles to the Indian Army. The Company's product range spans from 2.5T Gross Vehicle Weight to 49T Gross Trailer Weight in trucks and from 18 seaters to 80 seaters in buses, apart from a host of special application vehicles and diesel engines for industrial, marine and genset applications. These are manufactured from seven facilities located across India with an annual installed capacity of 150,000 vehicles.

Optare is one of the most respected names in the United Kingdom bus industry. Optare designs, manufactures and sells single deck and double deck buses, and offers a comprehensive after sales service. Building on a history of innovation, Optare has developed a range of low-carbon buses using enhanced diesel technology, alternative fuel options and hybrid systems, and even full electric drivelines which are available across entire product ranges. And with reduced weight designs and optimised drive systems, Optare has set the benchmark for fuel economy and CO2 reduction. Optare's buses operate not only in the United Kingdom but also in Continental Europe, North America and further afield. The Company also supplies complete vehicles, CKD or SKD kits, technology transfer and licensing agreements worldwide.

Avia, headquartered in Prague, Czech Republic, was established as an aircraft manufacturer in 1919. By 1946, it was involved in the truck business and in 1967 started the production of Avia A15 / A20 / A30 models (Saviem / Renault licence known as SG2 / SG3 / SG4 models). By 1983, production peaked at 19,000 units annually.
In the decade starting from 1995, the Company changed hands twice. First it became a part of the Daewoo Group with an upgrade of the A60 /A75 / A80 range. In 2000, it launched the D-line –
D75 / D90 / D100 range of vehicles. Odien took over its reigns in 2005 and eventually sold it to Ashok Leyland in 2006.
Since 2006, Avia Ashok Leyland Motors Ltd. is part of the Hinduja Group, alongside the second-largest truck manufacturer in India – Ashok Leyland. With a strong support system – nine plants and activities in more than 30 markets across three continents – Avia, has in recent years, launched the process of returning to world markets, including extension of its product range.
Ashok Leyland, the Hinduja Group flagship, and Nissan Motor Company, Japan, came together in 2007 to address the growing Light Commercial Vehicle market by jointly leveraging their mutual strengths. The 50:50 joint venture (JV) agreement that was inked by the two partners in May, 2008, resides in three separate companies for Technology Development, Powertrain Manufacturing and Vehicle Manufacturing. The JV brings together Nissan's tradition of engineering excellence and quality orientation with Ashok Leyland's intimate knowledge of the market and cost efficient value addition in India. The primary objective of the JV is to deliver Japanese quality with Indian relevance – a value proposition that will resonate meaningfully with Indian customers which finds true expression in the first product from the JV – Dost. The 2.5 tonne Dost, has already proven to be a great success in the markets it has been launched.
Ashok Leyland and John Deere, the USA based construction equipment manufacturer, have a 50-50 joint venture that marks the Hinduja Group's foray into the high-potential construction equipment business. The first product from this combine – the 435 Backhoe Loader – is already in the Indian market and soon to follow will be a full range of four-wheel loaders and excavators that will start rolling out from Leyland Deere's state-of-the-art manufacturing facility at Goomdipoondi, near Chennai Leyland-Deere has largely tapped the tier 1 and 2 retail customers at the grassroots who supply to large contractors. The vehicles come with a two-year warranty. The Company also promises to restore running repairs (barring engine overhaul) within half-a-day. The front-wheel loader will be Leyland-Deere's next launch and the Company will take a call on other launches as the market progresses. Leyland-Deere aims to reach full plant capacity (8,800 units) by
2017-18.
Established in 1959, Hinduja Foundries Limited (HFL) is the first and largest automobile-jobbing foundry in India. Initially promoted by British Leyland, the foundry commenced commercial production in 1961. Since then, the intricate castings manufactured at its high capacity plant have been catering to major automobile industries across India. Hinduja Foundries is the largest automotive jobbing foundry with a production capacity of 1,43,000 MT of Grey iron casting and 3,000 MT of aluminium gravity die-casting. It makes grey iron and aluminium gravity die, casting for automobiles, industrial engines, power generators, and tractors as well as for defence application. Foundry products range from 10 kg to 300 kg in grey iron and 500 g to 16.5 kg in aluminium gravity die castings. Product ranges include cylinder blocks, cylinder heads, flywheels, flywheel housings, transmission casings, clutch plates, brake drums, intake manifolds and clutch housings for heavy and light commercial vehicles and car segments. One out of three vehicles in India is fitted with HFL made cylinder block casting. 2. Oil and Gas Gulf Oil International Ltd.Gulf Oil International is a large and growing family of companies, united under the iconic orange disc which symbolises the Gulf brand. Arguably one of the most evocative names in the oil industry, it has been serving the needs of motorists and the industry for more than a century. | Gulf Oil Corporation Ltd.Gulf Oil Corporation Limited (GOCL) started its journey as Indian Detonators Ltd. (IDL) in 1961, in Hyderabad. With increase in various activities, it was renamed a couple of times until it took on its present name in 2002. The Company has been listed on the Bombay Stock Exchange (BSE) since 1967. | Houghton International IncFounded in 1865 and headquartered in Valley Forge, PA, USA, Houghton International is the world leader in industrial fluids, providing both high-tech metalworking and hydraulic fluid products, and fluid management services. | Gulf Oil Lubricants India Ltd.Gulf Oil's presence in India is through Gulf Oil Lubricants India Limited (GOLIL). A state-of-the-art PLC controlled manufacturing facility in Silvassa, more than 350 distributors and over 50,000 retail counters across the length and breadth of the country have ensured that the Gulf brand ... | 3. Banking and Finance Hinduja Bank (Switzerland) Ltd.Established in Geneva in 1978 as a finance company, the Bank's purpose was to manage the fund of high net-worth individuals. Over the years, it became active in asset management, equity and bond markets, underwriting, and direct investment | IndusInd BankIndusInd Bank was conceptualised by Srichand P. Hinduja and was born from his vision to use collective contributions from the worldwide non-resident Indian (NRI) community towards social and economic development of the country |

4. IT and BPO induja Global SolutionsWith the benefit of experience and client partnerships dating back to 1973, Hinduja Global Solutions provides an unprecedented depth of outsourcing expertise and best-in-class practices to its global clientele comprising several Fortune 500 companies | | Defiance Technologies LimitedIncorporated in 2009 with a focus to provide Engineering, Manufacturing and Enterprise (EME) Services and Solutions, Defiance serves top global companies with over 50 active global clients including 18 of the Fortune Global 500 companies | 5. Power
Hinduja Energy India Ltd.
Hinduja Group has identified power generation as one of its focus areas. Hinduja Energy India Ltd. is the holding company for the energy vertical and will identify opportunities to fulfill the Group's ambitious vision of creating 10,000 MW over the next few years
Hinduja National Power Corporation Ltd.
Hinduja National Power Corporation Ltd. (HNPCL) is setting up a greenfield 1,040 MW coal-fired thermal mega power plant in Visakhapatnam district of Andhra Pradesh. The project will have two units of 520 MW with state of the art technology.
Ashok Leyland Wind Energy Ltd.
Hinduja Group, through Ashok Leyland Wind Energy Ltd. (ALWEL), ventured into the development of wind energy as early as 1995, with 11 wind mills (2.55 MW). Today, the combined wind energy capacity stands at 63.175 MW with 240 wind mills of different capacities 6. Media
IndusInd Media & Communications Ltd.
IndusInd Media & Communications Ltd. (IMCL) is one of India's largest integrated media companies. IMCL is the pioneer and one of the largest multi system operators in the country with a pan India presence and reached around 9 million subscribers in 32 locations
IN Entertainment India Ltd.
IN Entertainment Ltd. (INEL) is being established as a content development, financing and production company with a focus on film and television content creation and financing in the first phase and developing distribution infrastructure in next phase
Planet E Shop Holdings India Ltd.
Planet E Shop Holdings India Ltd. (PESHIL) has obtained the Government's permission to downlink and distribute foreign TV channels and content in India. It offers total management of TV channels, including exclusive rights for distribution and marketing in IndiaImpeccable Imagination
Serendipity Films has successfully produced feature films, documentaries as well as ad films in the past. It has now ventured into the luxury lifestyle sector and hence has been re-christened Impeccable Imagination 7. Real Estate
Hinduja Realty Ventures Ltd.
Hinduja Realty Ventures Ltd. (HRVL) is the flagship real estate company of the Hinduja Group. It is an initiative in corporate real estate asset management, where the Group's entire real estate has been aggregated under one umbrella

8. Healthcare
Hinduja Healthcare Surgical
Hinduja Healthcare Surgical is a leading hospital that provides the finest medical care and service in a comfortable and luxurious environment. It is Mumbai's newest and most exclusive medical home, imbued with the expertise, warmth, knowledge and service 9. Project Development
AMAS-IPS & ALPS
AMAS Investment and Project Services Ltd. (AMAS-IPS) and Ashok Leyland Project Services (ALPS) draw on the worldwide expertise of the Hinduja Group in order to develop and deliver projects throughout India, the Middle East and Europe

10. Trading The trading and merchandising activity of the Group originates opportunities for investments in alliances, partnerships and / or joint ventures for specific products, services and / or markets with families, organisations and / or teams. These are private and bespoke structures where the Group invests and creates long term economic models that more often last multiple generations of successful economic values to both sides allowing for value contribution by mutual collaboration. The nature of this portfolio is to build on the strengths of both parties and create cash flows from specific trade related activities by investing broadly in material trade related infrastructure, operations as well as other value added activities in markets and commodities that comply with global sanctions and embargos. |

The British Metal Corporation (India) Pvt. Ltd.The British Metal Corporation (India) Pvt. Ltd. (BMC) was incorporated in India in 1946 as a 100% subsidiary of British Metal Corporation Limited, London |

II. Banking
The Hinduja Group builds strong relationships with its customers to fulfil their investment-banking and asset-management needs.

Its relationships are based on:

Trust - which assures customers that their assets are safe.
Discretion - which ensures complete confidentiality
Reliability - through prompt and effective responses to customer needs
Performance - by consistently delivering the expected commercial results
The Hinduja Group operates an independent global investment banking capability. The Investment Banking division is broad based and has dedicated professional teams located in London, New York, Geneva and Mumbai.
This Division has developed first hand commercial expertise in several key industry sectors around the world through Hinduja Group’s own businesses coupled with an excellent understanding of global capital markets.
Overall, what distinguishes the Hinduja Group’s investment banking activities are: * Quality of advice * A clear understanding of clients’ needs * Access to many capital sources * Timely and efficient execution
Although the Investment Banking division acts from time to time for certain group companies on an arms-length basis, its activities are focused on independent transactions with a broad range of regional and international clients.
Activities:

Project Advisory Services: In its long history of international trading, marketing and specialist industry activities, the Hinduja Group has acquired a comprehensive understanding of the processes involved in bringing projects to a successful conclusion. The Group itself has committed long-term investments in several projects in developing countries and uses its expertise to assist other project investors. This expertise encompasses power generation, airport construction and transportation including air cargo transportation, development of roads, airports and associated infrastructures. The Group provides Project Advisory Services to its clients through AMAS-IPS and Ashok Leyland Project Services.
The Infrastructure Project Development initiatives comprise the following: 1. Providing specialised project services from concept to commissioning – from pre-investment feasibility studies and appraisals to development of joint ventures and company formation. 2. Providing professional services to international companies interested in projects in India, in areas such as power, telecommunications and surface transport infrastructure. 3. Providing specialised inputs, on request, to assist in the profitable and economic implementation of projects in close co-operation with promoters and designated shareholders. 4. Assisting investment entities of the group in successfully identifying and implementing projects in India
Corporate Advisory
The Group can deliver a variety of advisory services including all types of restructuring, joint ventures, acquisitions and mergers and asset sales. In particular, it offers international companies a highly professional conduit for transacting business in India. The Investment Banking Division can assist in forming joint ventures, identifying suitable partners as well as providing the full range of establishment services needed for conducting business in India. The Group also acts for businesses seeking investments/acquisitions in other parts of the world.

Capital Markets
The Group has the capability to underwrite debt and equity transactions on a global basis. It maintains excellent relationships with key institutional investors and banks, and has played an active role in many regional and international IPO’s, GDR’s, ADR’s and private placements. The Capital Markets division can act for government agencies, corporate and public / private partnerships. In particular, the Group has an exemplary track record in project development, and is well positioned to act for infrastructure and energy counterparties in arranging all levels of required capital.
Private Equity and Direct Investment
Our Investment Banking division is constantly alert to unquoted direct investments around the world. It maintains a preference for those industries where it already has operating expertise. The Group is currently developing a series of private equity funds targeted at particular sectors in India, Middle East and the Asia Pacific region. These funds will be managed through this division and provide the Group with a stand-alone capability to invest directly in emerging market businesses and select infrastructure projects.
Real Estate
The Group has had a long and successful track record of real estate investment, as principal investor and as a provider of support services to its clients. It has invested in residential and commercial real estate in North America, Europe, Middle East and India and has resident expertise in each of these locations. They possess the capability to advise on and structure financing packages for projects in the travel, tourism and leisure sector. The Group is organising a real estate fund for foreign and domestic investors that will develop large scale mixed-use sites in the major metro centres of India.

Asset Management Services
For private customers, the Group’s platform of products and services provides access to a wide range of investing and wealth building tools with the personal guidance of financial experts.The Group offers a full range of private banking financial products and services to high net-worth individuals. It also provides professional asset management services for small and medium sized companies.The Asset Appreciation Plan of the Group provides medium to long-term capital growth, combined with reduced volatility through diversification using the best available funds and fund managers. The Plan allows the investor to select his portfolio mix and includes a power of attorney authorising the Group’s Bank to make the investments.The Group believes that every client is unique with specific needs and differing attitudes towards acceptable levels of risk. It responds to these individual needs by devising financial strategies depending on the decisions of its client. In order to meet these strategies and objectives, the best suitable managers are selected. III. Trading and Merchandise
The diversified, multi-billion dollar Hinduja Group had its origins in the trading activities started by the Founder, the late Parmanand D. Hinduja in 1919. He was a visionary who anticipated opportunities and changes years before they happened. His legendary flair for business has been passed on to his second and third generations, who have extended the Group’s activities to the five continents. The Group trades internationally in practically all products and commodities excepting tobacco, meat and alcohol and markets specialist technical services to several infrastructure sectors.
To simplify the complexities of international trade transactions, most clients require a partner to provide a broad solution to all its trade needs while being sensitive to the unique characteristics of each transaction. The Hinduja Group plays the role of such a partner and provides ‘tailor-made’ solutions to its clients.

Backed by its worldwide network of offices and professionals, the Group has the infrastructure and expertise to structure and execute any type of trade transaction. Our professionals bring to this task a combination of pertinent information about local conditions, along with the knowledge and experience of how the global community does business.Supported by the expertise of its trading division, the Group has the agility to convert the challenges of the fast-moving global business environment into opportunity.

Finance / Service
In the world of trade, financial services are becoming as important as conventional services. The Hinduja Group offers alternative forms of financing to suppliers and customers. In addition to handling standard trade practices like documentary credit operations, cash management, disposition of financial means and hedging against fluctuations in exchange and interest rates, the Group facilitates new methods of financing such as export financing, management of trust accounts and project financing based on counter-trade in co-operation with international banks. These financing models are becoming increasingly important and complement traditional trading functions.

Counter-trade
Counter-trade is inherently an ad-hoc activity which varies according to local regulations and requirements, the nature of the goods to be exported and the current priorities of the parties involved. Counter-trade consists of transactions, which have a basic linkage, between exports and imports of goods or services in addition to, or in place of, financial settlements. Counter-trade can be used as an effective international business tool.
With many years of experience in this activity, the Group can assist large multinationals in fulfilling their counter-trade obligations.
The Group uses counter-trade aggressively as a marketing tool and regards offset and counter-purchase as an opportunity (to make money through trading) rather than as an inconvenience.
Switch Trading
Imbalances in long-term bilateral trading agreements sometimes lead to the accumulation of uncleared credit surpluses in one or other country. Third countries can sometimes tap these surpluses for enhancing their exports. Such transactions are known as ‘switch' or ‘swap' deals.
The Group has the expertise and experience to structure such complex switch and swap deals.
Trade Finance
The Group is extensively involved in trade finance, providing finances to buyers and sellers as the case may be. We are not only into providing financing solutions, but also into managing risks of political, credit or performance nature.

Buy-back
The Hinduja Group believes that trading in modern times goes well beyond the traditional activity of direct buying and selling.
Trading skills have to keep pace with the changing world of instant communications and varied requirements of customers for mutual benefit. One such method is to enter into two-way trade with the customer whereby against supply of certain goods to a customer, the customer supplies his own goods in lieu of payment for his purchase.
Debt Clearing
The Group assists countries in clearing outstanding State debts. The Group acts as a principal on both sides – buying the debt, buying goods from debtor countries, selling these in the international market and finally paying off the debt to the creditor countries. In the process the Group has helped to mediate, catalyse and consolidate bilateral relations between countries IV. Hinduja Foundation
Healthcare
The Foundation values quality healthcare for all without discrimination, a cherished ideal of the late P. D. Hinduja. In 1951, he established an outdoor clinic in Mumbai which evolved into the renowned P. D. Hinduja National Hospital and Medical Research Centre which is run by the National Health and Education Society. The Foundation has many other healthcare related projects. Below is a list of its major healthcare initiatives: * P.D. Hinduja National Hospital and Medical Research Centre, Mumbai * ASCI-Hinduja Institute of Healthcare Management * P. D. Hinduja Sindhi Charitable Hospital * International Commission on Health Research for Development
Collaboration with American Association of Physicians of Indian origin

Education

* K.P.B. Hinduja College of Commerce * P. D. Hinduja Sindhi Model Senior Secondary School * Dharam Hinduja Merit cum Means Scholarship * Dharam Hinduja Cambridge Trust Scholarship * India Research * The Duke of Edinburgh’s Award

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