Hinduja Group

The Hinduja Group is owned by Srichand Hinduja and his brother Gopichand Hinduja, more simply known as
the Hinduja brothers for short.. It was founded in 1914 byParmanand Deepchand Hinduja, initially operating
inMumbai, India, and setting up its first international operation in Iran in 1919.

The headquarters of the Group moved to Iran where it remained until 1979, when theIslamic
Revolution forced it to move to Europe. Srichand Hinduja and his brother Gopichand moved to London in
1979 to develop their father's export business.

Subsidiaries
The Hinduja Group incorporates:

 Ashok Leyland
 Gulf Oil
 Hinduja Bank Switzerland
 IndusInd Bank
 Hinduja Global Solutions (formerly named HTMT Global Solutions)
 Hinduja TMT
 Hinduja Ventures
 IndusInd Media and Communications Ltd.
 Hinduja Foundries
 P D Hinduja Hospital
 Defiance Technologies Limited

Ashok Leyland Ltd

The Hinduja Group bought into Ashok Leyland, India’s second largest HCV manufacturer,[1] in 1987. It was
the Group’s first foray into India.

The company has a large export market, including a 65% plus market share in Sri Lanka (in the 16 ton plus
category) and also enjoys a similar market share in the bus segment in Dubai. During 2003-2005, the
company executed an order of 3322 trucks for Iran under the UN’s oil and food programme, the largest ever
in the Indian commercial vehicle industry.

The company is also a pioneer in CNG (Compressed Natural Gas) buses and special vehicles for the armed
forces, both of which have opened up additional export opportunities for the company.[2]

The company currently produces 84,000 vehicles per annum, with a target of 100,000 vehicles for the year. A
new vehicle assembly plant - a joint venture with Ras Al Khaimah Investment Authority(RAKIA) is being
prepared in the United Arab Emirates, which was projected to be onstream by March 2008....

The company is in the process of taking over the Detroit based "Defiance Testing & Engineering Services"
(DTE), which supplies major American car manufacturers.
Gulf Oil Corporation Ltd
The chemical hub of the Hinduja Group was strengthened by the merger of Gulf Oil India Limited withIDL
Industries Limited, which became effective from 1 January 2002. The merger enabled the Hinduja Group to
consolidate its position in the Indian chemical segment.

The Company currently has four major operating Divisions:

 Commercial Explosives - handling explosives, detonators, explosive bonded metal clads and
special devices for defense and space applications. Has eight plants in India, its Hyderabad plant being
the largest detonator manufacturing facility in the world (192 million per annum). It is the largest exporter
of explosives and detonators to 21 countries, including the Philippines and countries in South East Asia,
North Africa, the Persian Gulf, the Middle East, and Southern Europe.
 Lubricants - lubricants, greases, and car accessories. Set up in 1993, and now the second largest
private sector lubricant oil manufacturer in India.
 Mining and Infrastructure - undertakes large scale mining services in coal and iron ore, plus
services to the infrastructure sector such as underground metro railways and national highways. Currently
it is executing two large projects for Coal India Ltd. The Division has a major presence in the iron ore
mining sector where it is working in very large mines rich in iron ore.
 Speciality Chemicals - manufactures active pharmaceutical ingredients, intermediates, and finished
forms such as tablets, capsules, injectables and liquids. Also undertakes contract research and
development services. Manufacturing based in Hyderabad.

Gulf Oil International

Gulf Oil International, which operates from London offices, is one of the largest petroleum companies and
petroleum product traders in the world, operating in more than 83 countries through a network of own
companies, joint ventures, licensees, and distributors. It employs more than 3000 people directly worldwide,
with indirect employment touching more than 30,000.

It has filling stations in most countries in Europe, parts of South America, and Indonesia. It also markets car
batteries, car care products, vehicle air filters, lubrication machinery, and speciality chemicals in many
countries. The company operates its exclusive Gulf Express chain of car service centres in Saudi Arabia and
is planning to expand into Bahrain and other countries in the Middle East. It is also reported to be considering
setting up a base oil refinery in India and a chain of service stations.

Gulf Oil International is also one of the biggest petroleum product traders in the world, with a large plant in
China and expanding into the Middle East, Africa and the Asia Pacific Region, with entries announced into
Indonesia, Sri Lanka, and China, and massive expansion projects in Dubai, Saudi Arabia and India.

IndusInd Bank Ltd

IndusInd Bank is a leading private sector bank, and is the only Indian bank to have been founded by NRIs
(Non-resident Indians), and the only commercial bank in India to receive ISO-9001:2000certification for its
branch network. It began its operation in 1994 with a capital of Rs 1 billion and with a focus on corporate and
SME lending, and following its merger with Ashok Leyland Finance Ltd (ALFL) in 2004, has had an increasing
emphasis on retail banking, and has grown into a bank with capital of Rs 10 billion and assets of around Rs
200 billion. It has a customer base in excess of 1.5million and a network of 170 branches and 99 off-
site ATMs (as on March 31, 2007) spread across 141 geographical locations pan India.

The Bank has representative overseas offices in Dubai and London, and correspondent banking relationships
with 335 banks worldwide. In the recent past, the Bank has also entered into strategic alliances with Union
National Bank in the United Arab Emirates and Doha Bank in Qatar to enhance its NRI business. The Bank’s
national reach is extended further through its marketing arrangements for loan products through an associate
firm, IndusInd Marketing and Financial Services, which has more than 745 marketing outlets across the
country. The Bank has secured high domestic investment-grade ratings for its financial instruments from the
local subsidiaries of S&P, Moody’s and Fitch.

Hinduja Foundries Ltd

Hinduja foundries is a five decades old, professionally managed company catering to the casting needs of the
developing automobile OEMs in India. It has three manufacturing plants in operation in Southern India.
Around 30 % of the vehicles rolled out in India (cars, commercial vehicles and tractors) have
major castings supplied by the company. A modern new green field foundry was setup in Sriperumbudur near
Chennai with a state-of-the-art R&D centre and starts its production in 2007.

The company has been growing at the rate of around 42 % CAGR (Sales - 32 to 100 million $) during the last
5 years (2002-3 to 2006-7) in line with the growth of new emerging India and based on the projected growth
of the auto components industry in India, has plans to grow at 35-40% CAGR (Sales 100 to 250 million $)
during the next 4 years.

Hinduja Global Solutions Ltd.

Hinduja Global Solutions Ltd. (formerly HTMT Global Solutions) commenced its IT operations in 1993. It
provides outsourcing solutions including Back office processing, contact center, and Customized IT services
to a global clientele comprising several Fortune 500 companies. Hinduja Global Solutions began as an IT
consulting firm specializing in providing solutions centered on a mainframe platform, in partnership with IBM.
In 1995, the company entered corporate training in mainframes.

The company has over 9500 employees with offices in North America and London, and 19 delivery
centers spread across Bangalore, Mysore, Mumbai, Nagercoil, Chennai, Durgapur & Hyderabad in
India; Lyndhurst [disambiguation needed], Peoria, Illinois, St Louis, Waterloo, and El Paso in the United
States; Montreal in Canada, Cyber City in Mauritius, and Manila in the Philippines.

The Contact Center & Back Office Services Division houses multiple international voice centers & back office
processing units for leading Health Insurance, Pharmaceuticals, Life Sciences, Telecom,Banking & Financial
Services, Consumer
Electronics / Products, Technology, Automotive,Government, Media & Entertainment, Energy & Utilities and T
ransportation & Logistics companies.

HTMT’s recent acquisitions have made the company into one of the top Business process outsourcing(BPO)
companies in India, with a customer base of over 65 clients and revenues of US $ 200 million. It is also one of
the very few companies headquartered in India with global multiple delivery centers with a major presence in
the US. Its Mauritius center supports the French-speaking population, and its Texas center provides support
in Spanish.

InCablenet is one of the companies which come under the umbrella of Hinduja TMT or HTMT. It is part of its
foray into Media and Communications.

P. D. Hinduja National Hospital and Medical Research Centre

The P. D. Hinduja National Hospital and Medical Research Centre is a modern multi-speciality tertiary
care hospital with a medical research center set up in collaboration with Massachusetts General
Hospital (MGH), Boston. The hospital has an inpatient capacity of over 350 beds including of 53 critical care
beds in different specialties. As a tertiary care hospital, it offers services covering investigations & diagnosis
to therapy, surgery, and post-operative care. It is the first tertiary care hospital to have been awarded the
prestigious ISO 9002 certification from KEMA, Netherlands, for Quality management systems, and was
recently awarded the prestigious "Golden Peacock Global Award" for philanthropy in emerging economies
(2006).

The hospital has treated over 1.5 million outpatients, and performed over a million surgeries and over
7.5 million lab investigations. Its laboratory is the first hospital laboratory to be accredited by theCollege of
American Pathologists.

Defiance Technologies Limited

Defiance Technologies, a Hinduja Group Company, is a leading provider of Engineering, ERP and IT services
to global customers leveraging the Global Delivery Model. Founded in 1976 in USA, Defiance was later
acquired by the Hinduja Group and has a long history of serving top global companies with over 120 global
clients including 30 of the Fortune 500 companies. Headquartered at Chennai, India, Defiance has world
class development centers at Chennai and Bangalore in India, and state-of-the-art testing facilities at Troy
and Westland, Michigan. Defiance has business offices in USA, Europe, Middle East, South Africa and India.

Dr. V Sumantran, the Chairman and Mr. Subu D Subramaniam, the CEO and MD for Defiance Technologies
Limited

More details are available here[3]

Hinduja Bank (Switzerland) Ltd

Hinduja Bank (Switzerland) Ltd was founded as a finance company in 1978 and became a Swiss regulated
bank in 1994.

Hinduja Bank has its headquarters in Geneva and has a developed network in Switzerland including offices in
Lucerne, Zurich, St Margrethen and Basle. Additionally it has a global presence in London, Dubai, Paris, New
York, Mauritius and Chennai. Over the years, its businesses have expanded to include Wealth Management,
Trade Finance Services, Global Investment Solutions and Corporate Finance Services. More details are
available here