The brothers, whose enormous net worth is 8000 crores, are looking for a loan to purchase Anil Ambani’s heavily indebted Reliance company

The wealthiest man in India, Mukesh Ambani’s younger brother, Anil Ambani, is once again in the spotlight. Anil Ambani, who was formerly the sixth wealthiest man on earth, filed for bankruptcy in a UK court in 2020. But now that he has paid off the loans of three major banks, Reliance Power is rising to unprecedented heights in the stock market, and things are looking up for him.

IndusInd International Holdings, a takeover bid for Rs 9650 crore, was also obtained by Anil Ambani’s Reliance Capital from the Hinduja Group. The Hinduja Group, which is now under IRDAI investigation, is allegedly in discussions with three Japanese banks, Mizuho, SMBC, and MUFG, about borrowing Rs 8000 crore in order to purchase Anil Ambani’s Reliance Capital in accordance with the bankruptcy rules. While most people know about Anil Ambani and Reliance Capital, not many are aware of the Hinduja brothers, who achieved success by avoiding the limelight.

Through subsidiaries of Hinduja Group, the Hinduja brothers are engaged in a broad variety of companies, from banking and cable television to trucks and lubricants. The Hinduja family now has a net worth of Rs 166612 crore, according to Forbes. The four siblings who make up the Hinduja brothers are Srichand, Gopichand, Prakash, and Ashok. Together, the four Hinduja brothers led the enormous conglomerate that their father Parmanand Deepchand Hinduja had established in 1914. A financial industry boost came when the Hinduja Group made a bid of Rs 9650 crore to buy the indebted Reliance Capital, which was controlled by Anil Ambani, the brother of Mukesh Ambani.

Prior to the May 27 deadline set by a bankruptcy court to finalize the purchase, Hinduja Group hopes to get a Rs 8000 crore loan, according to an earlier story published by the Economic Times. The Hinduja Group requests five-year loans with annual interest rates between 8 and 9%. The alliance between Reliance Capital and Nippon Life is expected to provide comfort to Japanese banks, according to the article. For those who don’t know, the two manage a combined life insurance business in India.

The group’s current chairman is Gopichand Hinduja. Following the death of his elder brother Srichand Hinduja in May 2023, he assumed the role. Up until 1979, Hinduja Group’s headquarters were in Iran. However, the Islamic Revolution compelled the company to relocate to Europe. In order to grow the export company, Srichand Hinduja and his brother Gopichand relocated to London in 1979. While Ashok, the youngest brother, is in charge of the Indian interests, Prakash controls the group’s activities in Geneva, Switzerland.

The organization has offices in several major cities throughout the globe, including India, and employs over 200,000 people. Gopichand Hinduja and Srichand were among the richest persons in Britain in 2017.