Pawan Munjal
Overview
- Source of Wealth
- Motorcycles
- Industry
- Automotive
- Residence
- Delhi
- Marital Status
- Married
- Children
- 3
Assets
- Hero MotoCorp24,047,000 shares @ --500182-IN
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.
About
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.