No family member can split businesses from group, say Hindujas

economictimes.indiatimes.com:

(This story originally appeared in on Nov 07, 2023)

LONDON: The Hinduja brothers have reiterated that no member of the family can seek to split businesses from the $60-billion group, quelling murmurs of tension among the third generation of the P D Hinduja family.

«There is no question of separation… or saying that 'this is mine'… 'I'm working so much'… 'The other person is not working'… 'My company is doing well'. It is not his or her company. They are all working for the common goal — everything is owned by everyone,» Ashok Hinduja (73), the youngest son of P D Hinduja and chairman of Hinduja Group (India), told TOI here, in the presence of Gopichand (83) — who is the chairman of the conglomerate — and Prakash (78).

Empower Your Corporate Journey with Strategic Skill Courses

The family's guiding principle, «everything belongs to everyone, and nothing belongs to anyone», was at the centre of the pact signed by the four brothers in 2014. The pact subsequently became the seed for a long-drawn legal battle. Though the family in 2022 called a truce in view of the failing health of Srichand Hinduja — the eldest of P D Hinduja's four sons — reports of wrangling have continued to surface aftermath his demise (in May this year). The core of discord in the Hinduja clan, which spans over four generations, has been an allegation by Srichand's daughters claiming they are being sidelined by the uncles, and hence, keen to split with a share of the family's assets.
«They (Srichand's children) are not separated. Nobody can get separated. We still