Hinduja group to invest $1.5 billion in India in insurance, real estate and healthcare

Chennai: At a time when every other domestic industrial group has been chalking out major investments in India and overseas, the multi-million dollar Hinduja group has been reluctant to talk about its diversifications.

However, this is set to change. "We will start investing in sunrise sectors like real estate, healthcare and insurance," says Dheeraj Hinduja, president, Hinduja Group.

According to him, the group is holding discussions with some overseas insurers for launching insurance business in India.

"We have good expertise in running hospitals," he says referring to the 351-bed Hinduja Hospital in Mumbai. However he declined comment further on the business.

The group plans to invest around $1.5 billion in new ventures over the next 7-8 years, says Prabal Banerji, group president finance and group CFO.

The Hinduja group is has business interests in automotive, banking, finance, energy, chemicals, media, entertainment, IT, ITES, real estate, investment banking and international trading.