Rank #2308
Pawan Munjal
Net worth $1.8B
Motorcycles · India
- Born
- Oct 28, 1954
- Age
- 71
- Source
- Motorcycles
- Residence
- Delhi
- Citizenship
- India
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- Pawan Munjal is the chairman and managing director of Hero MotoCorp,the world's largest producer of two-wheelers by volume having sold more than 120 million units to date.
- He inherited a stake in the Hero group after his father Brijmohan Lall Munjal, who cofounded the enterprise with his brothers, died in 2015 at age 92.
- A former partner of Honda, Hero MotoCorp parted ways with the Japanese company in 2011. Since then Pawan has led a global expansion with factories in Colombia and Bangladesh.
- The group's renewable energy arm, Hero Future Energies, along with U.S. private equity firm KKR, is investing $450 million in expanding capacity.
- In 2022, Hero launched Vida, its first electric scooter.
- In 2023, the Delhi High Court stayed a federal investigation into allegations that he took money out of the country illegally. He's denied any wrongdoing.
Financial assets
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