About IndusInd International Holdings Limited

The idea of IndusInd was concieved by Mr. Srichand P. Hinduja, the leading overseas Indian, Chairman Hinduja Group and Global.
Coordinator IndusInd, along with the leading businessmen in India and abroad who readily agreed to share their experience and come together to establish an organisation - IndusInd International Holdings Ltd.(IIHL) as a Unique global platform for routing.

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.

4 October 1993

Year OF
ESTABLISHMENT

1.287

USD Bn
NET ASSET VALUE
31st March 2023

33.22

USD SHARE PRICE VALUE
as of 31st March, 2023

Chairman's Message

28th February, 2024

Dear Esteemed Shareholder,

It is with immense pleasure I wish to inform you that yesterday National Company Law Tribunal (NCLT) pronounced its order approving Resolution Plan submitted by IIHL, to acquire Reliance Capital Limited.

This is watershed moment for IIHL and all its shareholders, as this acquisition paves the way to make our foray in much cherished para-banking businesses of Insurance (Life, General & Health), Alternate Investment Funds, Securities trading, Asset Reconstruction, etc. This commendable feat has been possible only with your always available unstinted support, and trust in the Company.

The consummation of the transaction will take about another 3-months’ time. IIHL’s proposal has already been approved by Reserve Bank of India (RBI), Competition Commission of India (CCI), Income Tax etc. and within next 90 days the endeavor is to secure all other pending regulatory approvals, funding arrangement to pay off creditors, restructuring of the Board of Directors of these companies, etc. Meanwhile, we have already put in place the transaction structure which is not only Regulatory compliant but also tax efficient.

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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.

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.

Recent news

  • On the 27 February 2024, National Company Law Tribunal (NCLT) pronounced its order approving Resolution Plan submitted by IndusInd International Holdings Ltd, (IIHL) to acquire Reliance Capital Limited.
  • This is watershed moment for IIHL and all its shareholders, as this acquisition paves the way to make our foray in much cherished para-banking businesses of Insurance (Life, General & Health), Alternate Investment Funds, Securities trading, Asset Reconstruction, etc. This commendable feat has been possible only with your always available unstinted support, and trust in the Company.

2023 was an exceptional year for IndusInd International Holdings Limited.

In July 2023, we announced our
USD 1.5 billion capital-raising plan to fund the proposed acquisition of Reliance Capital and increase its stake in the lender.

We also advised you of the board’s decision to increase its stake from current 15% to 26% in IBL and our efforts are progressing well.

Our 4th Capital Rights Issue of
USD 94.50 mn was oversubscribed like the 3 earlier rounds of Rights Issue, aggregating to ~USD 525mn.

With every round, we have witnessed growing interest from existing shareholders and increased participation from new investors.