Hinduja Group

Ashok Leyland unveils multi-purpose vehicle Stile

Ashok Leyland unveils multi-purpose vehicle StileHinduja Group's Ashok Leyland Ltd recently introduced the world to its new multi-purpose vehicle (MPV) called Stile, which has been developed by Ashok Leyland-Nissan Motor Co joint venture.

Scheduled to hit the roads later this year, the Ashok Leyland Stile will be rolled out of Nissan's Oragadam-based manufacturing facility.

The Stile will be available in Diesel as well as CNG versions. With seating options of 2 and 3 rows, the vehicle will target urban and rural areas, panel vans, hotel shuttles, taxi service, ambulance service and more.

Hinduja Group to takeover Alfacam

Hinduja Group to takeover AlfacamGlobal diversified conglomerate, Hinduja Group has entered into a deal to acquire Belgian TV production company, Alfacam.

The UK based company has not announced the details of the deal. The acquisition will boost Hinduja Group's presence across the European region and the company will be able market content between various countries. Hinduja Group already has presence in banking, automobile, trading and media across various countries around the world.

Gulf Oil Corp acquires Houghton International for $1.05bn

Gulf Oil Corp acquires Houghton International for $1.05bnHinduja Group's subsidiary Gulf Oil Corp has acquired US-based specialty chemicals producer Houghton International Inc for $1.05 billion (Rs 5,714 crore).

This is the biggest acquisition by an Indian firm so far in 2012. Previously, Rain Commodities' acquisition of Belgium-based specialty chemicals group Ruetgers for $918 million was the biggest deal of this year.

The acquisition of Houghton International Inc is expected to provide Gulf Oil with a much bigger geographical reach as well as new products and technology.

Hinduja group firm acquires Houghton International

Hinduja group firm acquires Houghton InternationalGulf Oil Corporation, which is a part of India's Hinduja group, has said that it will acquire US-based specialty chemicals maker Houghton International through its UK subsidiary.

Gulf Oil said in a statement that it will purchase 100 per cent stake in Houghton from a US-based private equity fund for $1.05 billion or about Rs 5,685 crore. AEA Investors of New York had acquired Houghton International in 2007.

PAT trailing up by 89% on vigorous operating performance

Ashok Leyland, Hinduja GroupDuring the quarter  which ended on Sep 10, Ashok Leyland - the Hinduja Group's flagship firm in the country and a major commercial vehicle player meet up the market anticipation along with striking net profit growth of 89% by Rs.
167.06 crore.

The outcome growth was constrained by high elevated sales volume and vigorous operating performance although bounded by elevated tax provision.

Hinduja buys KBC's private bank for $1.69 billion

Hinduja buys KBC's private bank for $1.69 billionThe Hinduja Group has informed that will pay USD 1.69 billion to purchase KBC's private bank. The private banking arm of Belgium's KBC is expected to join financial services arm of Hinduja Group. The deal between the Indian family-owned conglomerate and the Belgian banking and insurance group has been finalized and it has been announced to the media.

Hinduja To Buy Belgian Private Bank For Euro 1.35 Bln

Hinduja To Buy Belgian Private Bank For Euro 1.35 BlnDiversified international conglomerate Hinduja group has decided to get hold of Luxembourg-based banking and insurance company KBC's private banking division for around Euro 1.35 billion.

The division, KBL European Private Bankers, is one of Europe's biggest onshore private banking groups with local affiliate banking institutions in 55 locations across 10 European nations.

KBL European Private Bankers had assets under management worth Euro 47 billion.

Hinduja Group’s Defiance Tech ink MoU with Dassault Systemes

Hinduja Group’s Defiance Tech ink MoU with Dassault SystemesDefiance Tech, an engineering services provider and a part of the Hinduja Group, has signed a Memorandum of Understanding (MoU) with Dassault Systemes, a leading company specializing in 3D and PLM software, to market the Euronext-listed company's solutions across Indian automotive, industrial and aerospace and defense sectors.

Dassault Systemes provides product life cycle management (PLM) software and solutions and provide a 3D vision of the entire life cycle of products from conception to maintenance and recycling.

Gulf Oil enters into agreement with Biocon to sell pharmaceutical biz

BioconGulf Oil Corporation, leading Hinduja Group Company, has announced that its arm known as IDL Speciality Chemicals has inked a contract with Biocon.

Under the contract, IDL Speciality Chemicals will market its Active Pharmaceuticals Ingredients (API) undertaking.

The financial details of the contract have not been revealed by the company. API is the basic raw material which is utilized in making medicines.     

Gulf Oil Corporation is basically a lubricant company, which also engages in explosives, consult dealing in mining as well as infrastructure contracts, specialty chemicals dealing in bulk drugs and pharmaceutical sector.

Hinduja Group owned Defiance Tech to expand its portfolio

Hinduja Group owned Defiance Tech to expand its portfolio The Hinduja Group owned engineering services provider firm, Defiance Tech Pvt. Ltd has decided to expand its business portfolio by entering in digital manufacturing and enterprise solutions. V. Sumantran, Chairman, Defiance Tech, and Executive Vice-Chairman, Hinduja Automotive Ltd., said that the company has been a leading technology solution provider in automotive industry and it is capable enough to prove its excellence in digital manufacturing services.

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