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.