Over 30 Years of Establishment in Mauritius

Banking and trade came naturally to the descendants of the Indus Valley Civilisation and setting-up a bank in India was only a logical extension of their capabilities.

From the Chairman’s desk

The long-envisioned goal of IIHL building a complete, end-to-end BFSI platform under one roof has now become a reality. With the strategic acquisition of Reliance Capital, including its entities, and a majority stake in the Indian arm of Invesco, IIHL has entered a transformative phase that strengthens our presence across life and general insurance, asset management / mutual funds, broking, to complete our para-banking business portfolio.

Technology and digitisation will play a pivotal role in enhancing valuations and delivering superior financial services across all verticals. As part of our long-term vision, IIHL has set an ambitious target to build a $50 billion valuation from its BFSI portfolio by 2030.

We have received in-principle approval from the Reserve Bank of India to increase our stake in IndusInd Bank from 15% to 26%, reinforcing our commitment to strengthening the bank at the core of our financial ecosystem. At the same time, IIHL is exploring global expansion across the GCC and MENA regions, with potential future listing opportunities, including Afrinex in Mauritius. We also have plans to list the general and life Insurance businesses within the next two years, unlocking value for our stakeholders.

Together, these initiatives position IIHL to emerge as a leading global BFSI powerhouse. We thank you for your continued trust and support as we embark on this exciting new chapter.
Warm regards,

Warm regards,
Ashok Hinduja

Chairman

SHRADHANJALI

Srichand Parmanand Hinduja

Nov 28, 1935 – May 17, 2023

Tribute

There are a few champions of industry, who occasionally grace us with their presence and in their wake leave behind unparalleled benchmarks that can hardly ever be replicated. A straight-talking, forward-thinking, industry titan with spine & an institution by himself.

We at IIHL, owe our existence to SP – as Srichand Parmanand Hinduja was very fondly called globally. He conceptualized and laid the foundation of IIHL in a day and age when the private sector was looked at with skepticism. It was his anchor role, way back in 1992-93, that marshalled nancial support from NRls and pooled those contributions into a broadbased institution which dreamt of lnduslnd Bank Limited and that in its present avatar nourishes the dreams of millions of customers and entrepreneurs.

The patriarch of the Hinduja family and Chairman of the Hinduja group built one of the world’s most successful business empires. Truly he was a global citizen, his business empire spread in 38 countries across multiple sectors.

As we come to terms with the irreparable loss of our seminal mentor, our abiding homage will be to take forward the legacy & values which SP stood for – and tread the path propelled by integrity, exceptional commitment and ethics. We must remain steadfast in our goal of creating an institution that Srichand Parmanand Hinduja would be proud of to have conceptualized and created.