Born in 1940, he was the second of the four Hinduja brothers who built the group into a global conglomerate, spanning automotive, energy, banking, and infrastructure
Ashok Leyland’s is regarded as one of the most successful turnaround stories in Indian corporate history, after the takeover by Hinduja. Pic/PTI
Gopichand P Hinduja, who acquired struggling truck-maker Ashok Leyland and quickly turned it around into one of India’s most successful automobile companies, died in London at the age of 85. The billionaire patriarch of Britain’s richest family and chairman of the globe-spanning Hinduja Group conglomerate was unwell for the past few weeks and died in a London hospital.
Born in 1940, he was the second of the four Hinduja brothers who built the group into a global conglomerate, spanning automotive, energy, banking, and infrastructure. Under his leadership, the group acquired Gulf Oil in 1984, followed by Ashok Leyland, in 1987 — the first major NRI investment in India. He was also the visionary behind the group’s forays into power and infrastructure, shaping plans to build India’s energy generation capacity.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
