Hinduja Group's headquarters in Mumbai to get a makeover
Publish on : 2023-09-20 12:02:58
The group, which employs over 200,000 people, is looking to complete the redevelopment of this property over the next 3-4 years.The ground plus five-storey property overlooking the Arabian Sea was built by the group in the 1980s.
Hinduja Group, the century-old Indian transnational conglomerate, is planning to redevelop its iconic sea-facing corporate headquarters, Hinduja House, in Mumbai's plush Worli locality into a 32-storey tower, said people with direct knowledge of the development.
The group, which employs over 200,000 people, is looking to complete the redevelopment of this property over the next 3-4 years.
The ground plus five-storey property overlooking the Arabian Sea was built by the group in the 1980s. Prior to that, the group's headquarters were located in Iran. Hinduja House occupies a nearly half-an-acre prime land parcel next to the National Sports Complex of India and Nehru Science Centre.
"All expansion plans of the group, both greenfield and brownfield including forays into different sectors, were chalked out from this office," said one of the persons mentioned above.
From the iconic Gulf Oil acquisition in 1984 to its flagship commercial vehicle manufacturing company Ashok Leyland in 1987, and all other investment forays thereafter, including the banking operations, were planned here.
The new headquarters will be developed with sustainable and green building features to integrate energy efficiency and water conservation in its design. The existing building will be demolished in the next few weeks, particularly after the Pitru Paksha.
The company is in the process of appointing a leading architect and design firm to prepare the redevelopment plan, which will likely feature agile workspaces with each floor designed with a specific theme.
The redevelopment of the current structure is being mooted to accommodate the group's expansion plan. In addition to the existing businesses, the new headquarters will house all the offices of the group companies that are currently spread across Mumbai such as renewables, power and cyber security.
The offices that are operating out of the current property will be shifted to Bandra-Kurla Complex (BKC) business district until the redevelopment is complete. The group has already started the shifting process for several departments.
ET's email query to the Hinduja Group remained unanswered until the time of going to press.
The group's flagship real estate investment and development arm, Hinduja Realty Ventures, recently picked up office properties spread over three floors in Tata Communication's commercial tower in BKC through a lease of over five years.
As part of the deal, Hinduja Realty Ventures has also got exclusive access to a total 27 car parking slots in the BKC commercial tower along with the office space in one of the wings of the complex.
Hinduja Group has business interests across mobility, lubricants and specialty chemicals, banking and finance, digital technology, healthcare, infrastructure project development, media & entertainment, power and real estate.
The group started business in 1914 in Sindh (which is now a province of Pakistan), while it entered the international arena in 1919 with an office in Iran, which was its first outside India.