Pawan Munjal Net Worth, Income, Family, Facts & More

Pawan Munjal is a visionary leader who has taken his father’s business to new heights of success. He is currently serving as the chairman, and managing director of Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters.

His journey of transforming a local India-based company into a global giant with a presence in over 40 countries is awe-inspiring. He is among the wealthiest and most influential businessmen in India and Asia.

Let’s further continue the story of how Pawan Munjal inherited his father’s legacy and built a million-dollar empire. We will discuss some lesser-known facts about Pawan Munjal, her family, income, and more.

Quick Facts About Pawan Munjal

Early Life & Education

Pawan Munjal was born in 1956 to Brijmohan Lall Munjal and Santosh Munjal. He is now 66 years old. He studied at The Doon School and graduated from the National Institute of Technology Kurukshetra.

He lives in Delhi, India with his spouse, whose name is not revealed. He has 3 children, one of whom is Vasudha, who started Choko La, a premium chocolate brand. His brothers are Suman Kant, Sunil Kant Munjal, and the late Raman Kant.

https://amzn.to/3QprBd0

Pawan Munjal Career Timeline & Current Position

Pawan Munjal joined Hero Honda Motors as Director in the early 1980s and was then appointed as the managing director of the same company in 2001. He successfully managed the company’s transition from Hero Honda to Hero Motocorp in 2011.

He also spearheaded a global expansion with plants in Colombia and Bangladesh. Besides being the CEO of Hero Motocorp, Pawan Munjal has also led the top body of India’s automobile industry.

He has been in charge of groups on technology & innovation, sports, and affirmative action. He is a member of the World Economic Forum as well.

Buy Now

Pawan Munjal’s Current Position

Awards, Achievements & Recognitions

• Pawan Munjal was inducted into the elite Asia-Pacific Golf Hall of Fame in 2019.
• He has also received the Lifetime Contribution Award from the IGIA, the Indian Golf Industry Association.
• In 2021, Car and Bill presented him with the Visionary Award for his foresight and innovation.
• He was also conferred with the AIMA JRD Tata Corporate Leadership Award for the Year 2021-22 by the All India Management Association (AIMA) in February 2022.

Pawan Munjal Family Details

Pawan Munjal is the third child of the founder of the Hero Group, Dr. Brijmohan Lall Munjal, and Santosh Munjal. His father and uncles started a company in Ludhiana that offered cycles as a simple mode of transport after India became free from British Rule in 1947. Talking about her marital life, he is married and has one son and two daughters, Vasudha and Supriya. Pawan Munjal’s son’s name is Annuvrat.

Pawan Munjal Net Worth in 2023

Pawan Munjal has a net worth of USD 3.55 billion, according to Forbes. He earns about Rs 99.6 crore annually in 2023. This means he made Rs. 27 lakh every day.

Pawan is ranked 2195 on the world’s richest people list. He got a share in the Hero group when his father passed away in 2015.

The value of Hero Motocorp was 627.47 billion INR (about Rs 62,747 crore) as of July 25, 2023. The current stock price of Hero Motocorp is Rs 3,160.

Pawan Munjal’s Current Holdings

Controversies

Cheating Case against Hero MotoCorp

A Delhi court ordered a case of fraud, falsification, and illegal plot against Hero Motocorp and its top executives in 2014. The case alleged that the company’s senior officials, such as Pawan Munjal, had colluded to terminate a contract with a worker supplier in an unfair manner.

Income Tax Raid in Tax Evasion Case

The offices of Hero Motorcorp and the residence of Munjal were raided by the Income Tax Department in March 2022. They had doubts about the company and its owner evading taxes.

ED Raid in Money Laundering Case

The Enforcement Directorate searched the house of Pawan Munjal, the head of Hero MotoCorp, in August 2023 for a suspected case of illegal money transfer. The company’s stock value fell by as much as 3% after this news. Earlier, the shares had hit their peak in a year, reaching Rs. 3,242.85 per share on BSE on 1 August 2023.

Pawan Munjal Social Media Handles

Pawan Munjal is among the wealthiest people in India. But do you know that he is not active on any social media platform? He does not have any official accounts on Twitter, LinkedIn, Instagram, or YouTube.

He prefers to keep his personal and professional life private and away from the public eye. He only communicates with the media through press releases, interviews, and events. He is a rare example of a successful leader who shuns social media.

FAQs

Who is the CEO of Hero? 

The CEO of Hero MotoCorp is Mr. Niranjan Gupta. He took over the role from Dr. Pawan Munjal, who is now the Executive Chairman and Whole-time Director of the company.

What is the Salary of Hero MotoCorp CEO? 

According to a report, Mr. Niranjan Gupta’s salary was Rs 84.59 crore in FY20. He also received stock options worth Rs 16.5 crore in the same year.

What is the Net Worth of the Hero Founder? 

The founder of Hero Group was the late Brijmohan Lall Munjal, who died in 2015 at age 92. His net worth was $3 billion as of September 2015, according to Forbes. He was the 27th richest person in India at that time.

Who is Dr Pawan Munjal Executive Chairman and Whole-time Director? 

Dr Pawan Munjal is the son of the late Brijmohan Lall Munjal and the Executive Chairman and Whole-time Director of Hero MotoCorp. He is responsible for the growth and strategic planning of the company and its global expansion.

What is the Net Worth of the Hero Company in Rupees? 

The total income of Hero MotoCorp Limited across the globe was around 298 billion Indian rupees during fiscal year 2022. The company has a market capitalization of about 600 billion Indian rupees as of October 2023.