Third generation of the Mahindra clan to chair the $16.5 billion (revenues) Mahindra Group, enters the billionaire ranks as rising tractor sales buoyed shares of Mahindra & Mahindra. The automaker is launching a new version of its popular Scorpio sports utility vehicle, and developing smaller SUVs to combat rivals Renault and Ford. It is also investing $700 million to expand its factory in Maharashtra. Its utility aircraft arm in Australia is developing a 10-seat Turboprop.
Fast Fact: In April, he joined the board of the US-India Business Council (USIBC).