Pawan Munjal

Pawan Munjal
Pawan Munjal
At a Glance
  • Age
  • Earnings
    $ 3.65 Billion
  • Source of earnings
  • Marital Status
  • Children
  • Residence

Forbes India Lists

#29 India Rich List 2016


Son of late Brijmohan Lall Munjal, founder of Hero Group, who died last year at age 92, takes his father's spot in the ranks. He runs motorcycle flagship Hero MotoCorp, a former partner of Japan's Honda and the world's largest producer of 2-wheelers by volume. It has sold 65 million units to date, of which more than 6.6 million were sold in the year ended March 2016. Pawan has led a global expansion after parting ways with Honda 5 years ago. Hero opened its first overseas factory in Colombia last year and has a second one coming up in Bangladesh. He has also invested $126 million in a new research unit in Jaipur that employs 500 engineers. The fortune includes shares held by older brother Suman and late brother Raman's family. In what was seen as a family divide, younger sibling Sunil stepped down as Hero's joint managing director in August to run his own independent businesses.

India Rich List 2016

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