The dispute that has been simmering for four years, came into the open last week.
MUMBAI: Srichand Parmanand (SP) Hinduja and his daughters Shanu and Vinoo are the whole and sole owners of the Switzerland-headquartered Hinduja Bank, and SP’s three brothers — Gopichand, Prakash and Ashok — are neither executives not shareholders of the bank, sources close to the SP Hinduja family told ET. There was thus no need to consult them before appointing Shanu’s
which is being litigated in the UK. Founded in Geneva in 1994, Hinduja Bank’s operations span across five countries. While SP’s elder daughter Shanu is the chairwoman of the bank, her son Karam took over as CEO in March as per his LinkedIn page. He and his sister Lavanya had legally adopted the Hinduja name after their mother’s divorce.