Pawan Munjal Biography
Pawan Munjal, born on October 29, 1954, in Ludhiana, is a member of the Munjal family, known for their association with the Hero group. He is currently the Chairman, Managing Director, and CEO of the company. Pawan is the third child of Mr. Brijmohan Lall Munjal and Mrs. Santosh Munjal. He has played a crucial role in the company’s progress in terms of technology and management. Originally from Punjab, Pawan Munjal now resides in Delhi. He grew up in Ludhiana and completed his mechanical engineering degree from Regional Engineering College in Kurukshetra, Haryana. In the early 1980s, Pawan Munjal joined Hero Honda Motors as a director and later became the managing director when the company was renamed Hero Motocorp in 2002.
Pawan Munjal, also known as Pawan Kant Munjal, is an Indian and a prominent member of the Hero group’s promoter family. Currently, he serves as the Chairman, Managing Director, and CEO of Hero Motocorp. Pawan Munjal is 61 years old. In the India Today magazine’s list of India’s 50 Most Powerful People of 2017, he was ranked at #49.
In addition, Pawan Munjal serves on the board of esteemed Indian management institutes, including the Indian Institute of Management, Lucknow, and the Indian School of Business, Hyderabad. He has played a crucial role in the establishment of the Hero Indian Sports Academy (HISA) in partnership with the Laureus Foundation. HISA aims to promote equal opportunities in sports for diverse communities and recognize talented athletes across the country.
Pawan Kant Munjal’s Profile Summary
|Name||Pawan Kant Munjal|
|Father’s Name||Brijmohan Lall Munjal|
|Mother’s Name||Santosh Munjal|
|Age (In 2023)||69 years old|
|Birth Year||October 29, 1954|
|College||Regional Engineering College, Kurukhshetra in Haryana|
|Educational Qualification||Mechanical Engineering|
|Net Worth||$3.6 Billion|
|Wife Name||Updating Soon|
|Income/Salary||Rs. 85 Crores INR|
|Net Worth||1,06,97,49,20,000 INR|
Pawan Munjal’s Family
Pawan Munjal is the third child of Mr. Brijmohan Lall Munjal and Pawan Munjal has a younger brother named Sunil, who stepped down as Hero’s joint managing director in 2016 to focus on his own independent businesses. Pawan Munjal’s daughter, Vasudha, founded Choko La, a brand of premium chocolates. In April 2022, she was appointed to Hero’s board.
Besides being a successful business tycoon, Pawan Munjal is also a passionate music enthusiast and enjoys traveling. He particularly likes listening to music from the 60s and 70s era and indulges in golf during his leisure time.
Pawan Munjal’s Education
Pawan Munjal completed his schooling at The Doon School and studied Mechanical Engineering at the National Institute of Technology Kurukshetra, Haryana, graduating from the Regional Engineering College, Kurukshetra.
Pawan Munjal’s Career
Pawan Munjal has served as the chairperson of India’s top automobile sector body. He has also led committees focusing on technology & innovation, sports, and affirmative action. Moreover, Pawan Munjal is also a member of the World Economic Forum. Pawan Munjal joined Hero Honda Motors in the early 1980s as a director and later assumed the role of managing director in 2001. In 2011, he skillfully oversaw the company’s smooth transformation from Hero Honda to Hero Motocorp. Pawan has led the company’s global expansion, establishing factories in Colombia and Bangladesh.
Unknown Facts About Pawan Munjal
- Pawan Munjal’s net worth is $13.6 billion (equivalent to Rs. 1,06,97,49,20,000 ), placing him among India’s Top 100 Richest Men.
- Pawan Munjal was born in 1953, making him 70 years old currently.
- He holds the positions of Chairman, Managing Director, and CEO at Hero Motocorp and is 70 years old.
Latest News About Pawan Munjal
An ED raid on Pawan Munjal has resulted in Hero Moto’s biggest drop in stock value in over a year. The Directorate of Revenue Intelligence (DRI) had recently detained a close associate of Pawan Munjal for carrying undeclared foreign currency. On August 1, shares of Hero MotoCorp experienced a decline of over 4 percent following a report by CNBC TV-18 about the Enforcement Directorate (ED) conducting raids at the residence of Pawan Munjal, Chairman of Hero MotoCorp. The ED initiated the raid after becoming aware of a Directorate of Revenue Intelligence (DRI) case.
The Directorate of Revenue Intelligence (DRI) recently arrested a close aide of Pawan Munjal for holding undeclared foreign currency. As a result of the ED raid, shares of Hero MotoCorp fell over 4 percent and reached a year’s low of Rs 3,064.
Additionally, in another development this year, it was reported on June 15 that the Ministry of Corporate Affairs (MCA) has initiated a probe against Hero MotoCorp, a major domestic automobile company.
The Ministry of Corporate Affairs (MCA) will review the company’s association with a third-party vendor in a case involving suspected diversion of funds and will also investigate its ownership structure.