Srichand Parmanand Hinduja, the eldest of four Hinduja brothers,&nbsp;Hinduja Group chairman and founder of IndusInd Bank, died at the age of 87 in London, the family spokesperson said on Wednesday.

SP Hinduja, Indian-born British billionaire businessman, investor, and philanthropist, had been unwell for some time, the spokesperson said.

In a statement, the family said, "Gopichand, Prakash, Ashok and the whole Hinduja family with a heavy heart regret to announce the passing away of our family patriarch, and Chairman of the Hinduja Group, Mr S P Hinduja today." 
 
SP Hinduja had lost his wife Madhu in January this year. She was 82. He is survived by his daughters, Shanu and Vinoo. 
 
"He was a visionary and mentor to the family bestowing the founding principles and values of our late father, PD Hinduja. He played a very important role alongside his brothers in building a strong relationship between his host country, the UK and his home country, India," it added. 
 
Since the 1990s, he was consistently ranked among the UK and Asia's wealthiest people. In 2022, Hinduja topped the Sunday Times&nbsp;Rich List with an estimated wealth of £28.472&nbsp;billion sterling. Based on the rich list compiled by Asian Media &amp; Marketing Group, Hinduja's wealth is estimated at £25.2&nbsp;billion (US$31.7&nbsp;billion).

The Hinduja family patriarch and his brothers, Gopichand and Prakash, were accused of receiving nearly SEK 81 million in illegal commissions to help Swedish gunmaker AB Bofors secure an Indian government contract. A court had, however, exonerated them. 
 
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Srichand Parmanand Hinduja, the eldest of four Hinduja brothers, Hinduja Group chairman and founder of IndusInd Bank, died at the age of 87 in London, the family spokesperson said on Wednesday.

Srichand Parmanand Hinduja, the eldest of four Hinduja brothers, Hinduja Group chairman and founder of IndusInd Bank, died at the age of 87 in London, the family spokesperson said on Wednesday. SP Hinduja, Indian-born British billionaire businessman, investor, and philanthropist, had been unwell for some time, the spokesperson said. In a statement, the family said, "Gopichand, Prakash, Ashok and the whole Hinduja family with a heavy heart regret to announce the passing away of our family patriarch, and Chairman of the Hinduja Group, Mr S P Hinduja today." SP Hinduja had lost his wife Madhu in January this year. She was 82. He is survived by his daughters, Shanu and Vinoo. "He was a visionary and mentor to the family bestowing the founding principles and values of our late father, PD Hinduja. He played a very important role alongside his brothers in building a strong relationship between his host country, the UK and his home country, India," it added. Since the 1990s, he was consistently ranked among the UK and Asia's wealthiest people. In 2022, Hinduja topped the Sunday Times Rich List with an estimated wealth of £28.472 billion sterling. Based on the rich list compiled by Asian Media & Marketing Group, Hinduja's wealth is estimated at £25.2 billion (US$31.7 billion). The Hinduja family patriarch and his brothers, Gopichand and Prakash, were accused of receiving nearly SEK 81 million in illegal commissions to help Swedish gunmaker AB Bofors secure an Indian government contract. A court had, however, exonerated them. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Indian-born British billionaire SP Hinduja passes away at 87 in London

NRI businessmen Hindujas have retained their position as the richest Asians in the UK in 2017 with an estimated wealth of 19 billion pounds, an increase of 2.5 billion pounds over last year, according to an annual ranking of the richest Asians in Britain. 
 
Steel tycoon Lakshmi N Mittals secured the second place with a fortune of 12.6 billion pounds - up from 6.4 billion pounds last year - in the Eastern Eye Asian Rich List, Britain&#39;s 101 Wealthiest Asians 2017, released last night. 
 
According to the list, the Hinduja brothers - Srichand and Gopi in London, Prakash in Geneva and Ashok in Mumbai - have seen sharp increases in profitability in Ashok Leyland, InduSind bank, Gulf Oil, energy and real estate. 
 
This has justified the family&#39;s long adopted policy of pursing the path of diversity, the list said. 
 
Mayor of London Sadiq Khan, who was the Chief Guest at the 20th Annual Asian Business Awards organised by the Asian Media &amp; Marketing Group, presented the first copy of the Rich List to G P Hinduja, Co-Chairman of the Hinduja Group. 
 
Britain&#39;s 101 wealthiest Asians are collectively worth 69.9 billion pounds, up from 55.4 billion pounds last year - a rise of 25 per cent. 
 
According to the list, the recovery in the European steel market has enabled the Mittal family to double its net worth during the year. 
 
Prakash Lohia, chairman of the Indorama Corporation (Petrochemicals) is the 3rd richest in the list with a fortune worth 4 billion pounds - up 1 billion pounds over last year. 
 
Anil Agarwal, executive chairman of Vedanta Resources, one of the fastest growing mining and metals group in the world, is fourth in the list along with Arora brothers - Simon, Bobby and Robin who own a chain of retail stores. 
 
Leading NRI industrialist Lord Swraj Paul is 14th in the list with an estimated wealth of 800 million pounds as against 300 million pounds last year. 
 
At the awards ceremony, Surinder Arora, founder and Chairman of the Arora Group, collected the prestigious Asian Business of the Year Award. The Arora Group is one of the UK&#39;s largest private owner operator of hotels. 
 
Other winners included Young Entrepreneur of the year Aly Esmail, CEO of SME Group, Entrepreneur of the year Subodh Agrawal, Chairman of Euromax Capital and the Business Personality Award winner Prakash Lohia, Founder and Chairman of Indorama Group. 
 
&quot;London is home to one of the largest, and most diverse South-Asian communities in the world, which contributes a huge amount to the city&#39;s success - socially, culturally and economically,&quot; Khan said in his keynote speech.

(PTI)

Prakash Lohia, chairman of the Indorama Corporation (Petrochemicals), is the third-richest in the list

NRI businessmen Hindujas have retained their position as the richest Asians in the UK in 2017 with an estimated wealth of 19 billion pounds, an increase of 2.5 billion pounds over last year, according to an annual ranking of the richest Asians in Britain. Steel tycoon Lakshmi N Mittals secured the second place with a fortune of 12.6 billion pounds - up from 6.4 billion pounds last year - in the Eastern Eye Asian Rich List, Britain's 101 Wealthiest Asians 2017, released last night. According to the list, the Hinduja brothers - Srichand and Gopi in London, Prakash in Geneva and Ashok in Mumbai - have seen sharp increases in profitability in Ashok Leyland, InduSind bank, Gulf Oil, energy and real estate. This has justified the family's long adopted policy of pursing the path of diversity, the list said. Mayor of London Sadiq Khan, who was the Chief Guest at the 20th Annual Asian Business Awards organised by the Asian Media & Marketing Group, presented the first copy of the Rich List to G P Hinduja, Co-Chairman of the Hinduja Group. Britain's 101 wealthiest Asians are collectively worth 69.9 billion pounds, up from 55.4 billion pounds last year - a rise of 25 per cent. According to the list, the recovery in the European steel market has enabled the Mittal family to double its net worth during the year. Prakash Lohia, chairman of the Indorama Corporation (Petrochemicals) is the 3rd richest in the list with a fortune worth 4 billion pounds - up 1 billion pounds over last year. Anil Agarwal, executive chairman of Vedanta Resources, one of the fastest growing mining and metals group in the world, is fourth in the list along with Arora brothers - Simon, Bobby and Robin who own a chain of retail stores. Leading NRI industrialist Lord Swraj Paul is 14th in the list with an estimated wealth of 800 million pounds as against 300 million pounds last year. At the awards ceremony, Surinder Arora, founder and Chairman of the Arora Group, collected the prestigious Asian Business of the Year Award. The Arora Group is one of the UK's largest private owner operator of hotels. Other winners included Young Entrepreneur of the year Aly Esmail, CEO of SME Group, Entrepreneur of the year Subodh Agrawal, Chairman of Euromax Capital and the Business Personality Award winner Prakash Lohia, Founder and Chairman of Indorama Group. "London is home to one of the largest, and most diverse South-Asian communities in the world, which contributes a huge amount to the city's success - socially, culturally and economically," Khan said in his keynote speech. (PTI)

Hindujas, Lakshmi Mittal are richest Asians in United Kingdom

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Indian-born British billionaire SP Hinduja passes away at 87 in London

Hindujas, Lakshmi Mittal are richest Asians in United Kingdom