The Indian family that owns a bank in Switzerland

Switzerland is known for Chocolate, Swiss neutrality and its banking industry. Swiss banks have always been part of a great many mysteries and conspiracy theories. There has always been an air of mystery around the Swiss Banks.

Swiss Banks are known for their low level of risk and very high levels of privacy. By law, Swiss banks are forbidden from disclosing information about their clients, accounts and their existence without permission from account holders. This makes Swiss banks a go-to destination for the big and powerful names all over the world.

Among all Swiss banks, there is a bank owned by an Indian family. The Hinduja Bank of Switzerland was started as a finance company in 1978. The company was converted to a bank in 1994. The same year, Hinduja Family received a license to start a bank in India as well. The bank is known as IndusInd Bank.

Hinduja Family traced its roots back to Karachi. Hinduja Family had a trading business. The family relocated to Iran in 1919. After the Iranian Revolution, Hinduja Family changed its base to London in 1978. Hinduja Family is one of the richest families in the United Kingdom. Their residence is located very close to Buckingham Palace.

Hinduja Bank provides Wealth Management, Corporate Finance and Global investment services to its clients. The bank also gives Private banking services to Ultra High Networth individuals. Recently the bank has been part of a family dispute among the Hinduja Brothers.

Hinduja Family have their business interests in Automotive, Oil, Specialty Chemicals, Banking, IT and Power sector in India. The Hinduja Banks own around 5% in Ashok Leyland. Ashok Leyland is also owned by Hinduja Family.