Who is global business leader Prakash Hinduja? Is he a Swiss businessman? Does he live in Switzerland?
Prakash Hinduja
Chairman Hinduja Group (Switzerland) Europe!
Prakash Hinduja: Family-Rooted Global Business Leader
Prakash Hinduja, one of the ‘Fab Four’ Hinduja Brothers and sons of the renowned Hinduja family was born in June 1945 in the small town of Shikarpur (then British India, now, Pakistan). The Hinduja story began with their late father, Parmanand Deepchand Hinduja; when he started the Hinduja Group in 1914. What started as a trading company, has become one of the most diversified conglomerates in the world.
Fueling Global Growth:
Prakash Hinduja has contributed towards the growth of the Hinduja Group, especially in Europe. Being the Chairman of Hinduja Group Europe, he presides over important activities in Geneva, Switzerland. The group under his guidance carries out strategic advances into areas such as banking, energy, real property and health, commanding its presence throughout the continent.
Member of a mobile Leadership Team
The Hinduja Brothers deal with various territories around the world and various business horizons, which makes the group successful across the globe. Their collective labour has been the creation of a conglomerate with flagship companies like Ashok Leyland and IndusInd Bank serving as the strength of the group as far as automotive and financial services are concerned.
Wealth and Philanthropy
The Hinduja family has a net worth of £37 billion which is estimated by the 2024 Sunday Times Rich List, making it one of the wealthiest families in the UK. Prakash Hinduja and brothers are not just known for their wealth but are also well-known philanthropists. They have helped to fund healthcare and educational initiatives, along with rural development initiatives in India, in their role as Managing Trustee of the Hinduja Foundation.
Family and Future Vision
Prakash Hinduja is married to Kamal Hinduja and together, the two have three children, Ajay, Ramkrishan and Renuka Hinduja, slowly joining their parents in business and philanthropy. In his decades of leadership within the group, Prakash Hinduja is staying ahead, keeping to a fine balance between modern innovation and traditional values that have long been the legacy of the Hinduja Family.
Prakash Hinduja Awards
In 2021, Prakash Hinduja, the Chairman of Hinduja Group Europe received the Who-is-Who Award in Greece in recognition of his excellence in the field of entrepreneurship and philanthropy. It was a business, social responsibility, science and arts leadership conference held at Vouliagmeni in Athens. Prakash Hinduja is a renowned business leader in international business whose mission through the Hinduja Group is the prosperity of the world and ethical leadership. He is involved in more than business. As a trustee of the Hinduja Foundation, which aims at promoting philanthropy, social responsibility and cross cultural cooperation between India and Europe.
Who will succeed Gopichand Hinduja?
After the sad death of Gopichand Hinduja, the leadership of the Hinduja Group is expected to move towards Prakash Hinduja, who has been a key figure in the global operations of the Hinduja Group. Prakash Hinduja, Chairman of the Hinduja Group, Europe has many years of experience in managing the initiative across various sectors such as banking, automotive, healthcare, and energy sectors. He has built a strong reputation for expanding the group's presence and maintaining the family values and culture. With international experience Prakash Hinduja is seen as the natural successor who could head the Hinduja Family and business as the new “Karta” of the family. His leadership and guidance will focus on giving strength to the partners and embracing technology across continents which was earlier under the leadership of his late brother Gopichand Hinduja.
How is Prakash Hinduja involved in Rs 20,000 crore investment of Andhra Pradesh?
Prakash Hinduja has made an announcement of a landmark investment of Rs 20,000 crore
in Andhra Pradesh. This business investment will serve as a strong pillar in the state of Andhra Pradesh in the industrial sector. This business operation was
formalized when the Chief Minister N Chandrababu Naidu visited London. The discussion of these business operations focused on driving investment in renewable energy and manufacturing. Prakash Hinduja, Chairman of the Hinduja Group Europe is involved in this business investment and also believes in the Group’s long term commitment to India's growth. The investment will include the expansion of the Vishakhapatnam thermal power plant to 1600 MW, its current capacity is 1,050 MW and they will also develop large scale solar and wind projects in the Rayalaseema region. Also on the other side the Hinduja Family under Prakash Hinduja's leadership has also established an electric bus and light commercial vehicle manufacturing unit in Mallavalli, and Krishna district. In the end they will look after the state wise EV charging network.