The Hinduja Family, who own the multi-billion-dollar Hinduja Group, a conglomerate that is actively running across 10 different verticals, is also known for its private banking services. Yes, you heard that right! Since 1994, this Indian-origin family has been running banking operations in Europe. The bank is named after the late patriarch of the Hinduja family, Srichand Parmanand Hinduja. Switzerland was chosen as the country for the bank to be established, with its headquarters in Geneva.

The IndusInd Bank, which has its headquarters in Mumbai, has a major presence in India, where it has over 3000 branches/banking outlets and ATMs that also include banking access to over one lakh villages. Apart from this, the bank also has offices overseas in Dubai and Abu Dhabi. On the other hand, S.P. Hinduja Banque Privée is actively running its operations in Switzerland, the UK, the UAE, as well as India.

The Hinduja Group is an amalgamation of companies spread across sectors owned by the Hinduja. Switzerland is where they run the European banking operations, and their flagship company is Ashok Leyland, one of India’s leading manufacturers of commercial vehicles, with its presence in over 50 countries. They also own Gulf Oil International, NXT Digital (a media company), P.D. Hinduja Hospital & Medical Research Centre, Hinduja Renewables Energy Private Limited, among many others.

The original and the only officially listed name of the bank, as per its website, is S.P. Hinduja Banque Privée. This bank is named after the late Srichand Parmanand Hinduja, a very significant member of the Hinduja Family, who passed away in 2023.

The prestigious Hinduja Family owns the S.P. Hinduja Banque Privée, which is famous for running international operations, including in Switzerland. Hinduja Group also owns IndusInd Bank, which was also established in the year 1994 with its headquarters in Mumbai, India.

No. Although both IndusInd and S.P. Hinduja Banque Privée form part of the Hinduja Group portfolio, these two banks have separate CEOs. The CEO of the Geneva-headquartered bank is Mr Fabrice d’Erm. Whereas, the CEO of IndusInd Bank is Mr Rajiv Anand, who is also the bank’s Managing Director.

The tale of Shanu Hinduja is closely connected to the image of her father, the late S.P. Hinduja. The bank she currently heads was established based on the philosophy of being an inter-connecting point between the emerging markets of the East and the financial stability of the West. Her time in the institution has seen it transform itself into a value-based banking institution despite its origins as a specialized finance house all based in Geneva. She has managed to keep the bank to Swiss precision and at the same time introduce a worldwide view of the wealth that emphasizes social impact in the long term.

Outside the balance sheets, Shanu Hinduja is a unique example of the leader of a Hinduja Swiss bank, and she takes her stage to promote gender equality and meritocracy. Her involvement is much bigger than the boardroom. She is Co-Chair and strives to make communities that are underrepresented empowered and financially inclusive. She uses her personal brand and nonprofit organization to help support disadvantaged women and girls to demonstrate that the luxury and social responsibility do not have to be opposite.

To Shanu Hinduja, leadership is a family business. Along with her children, Lavanya and Karam symbolize how the third generation wants to ensure the Hinduja Swiss Bank legacy is not lost. Her banking is people-centered and based on the ESG (Environmental, Social, and Governance) policies and the idea that the financial system is not for the elite, but a platform to create opportunities.

Dr. Shanu S.P. Hinduja is a living example of the strength of purposeful leadership in the world of the fast digital evolution and changing global processes. She is not only handling wealth; but also creating a more open and transparent economy in the world.