Bloomberg Billionaires Index

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#236 Vikram Lal $6.78B

Random fact: Royal Enfield supplied bikes to Britain during World War I.

Overview

Lal is the founder and former chief executive officer of Eicher Motors, a motorcycle manufacturer with revenue of $1 billion in the year to March 31, 2017. The New Delhi-based publicly traded company sold more than 660,000 bikes in fiscal 2017 under the Royal Enfield brand. It also produces trucks, buses and other commercial vehicles.

As of April 25, 2018:
Last change +$30.2M (+0.5%)
YTD change -$90.2M (-1.3%)
Industry Industrial
Biggest asset EIM IN Equity
Citizenship India
Age 75
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Vikram Lal's net worth of $6.78B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Lal's fortune is derived from publicly traded Eicher Motors, a New Delhi-based automaker. His 51 percent stake is held by a promoter group, which includes family members and their holding companies, according to a filing on the company's share holding pattern from September 2017. Lal is credited with all the shares held by his relatives to reflect his status as founder.

Eicher Motors sold more than 660,000 Royal Enfield motorcycles in the year to March 31, 2017, according to its annual report.

The value of his cash investments is based on an analysis of dividends, insider transactions, market performance, taxes and charitable contributions.

Ashim Gupta, a spokesman for Eicher Motors, didn't respond to requests for comment on Lal's net worth.

Biography

Birthdate: 1942
Family: Married, 3 children
Education: Graduated, Technical University of Darmstadt

Vikram Lal was born in Delhi in 1942. He attended boarding school Doon in Dehradun, India, and studied mechanical engineering at Darmstadt Technical University in Germany. His father established Goodearth Company to sell imported tractors in India in 1948, and became the first to manufacture them in the country 12 years later.

Lal joined the family business in 1966 and incorporated Eicher Motors in 1982. He acquired the rights to the Royal Enfield name 30 years later. Eicher sold more than 500,000 Royal Enfield bikes for the year ended March 31, 2016, according to its annual report. The company also produces trucks, buses and other commercial vehicles.

Lal retired in 1997 and his son Siddhartha took over the business as the chief executive officer and managing director. Under Siddhartha's management, Eicher Motors formed a joint venture with Swedish automaker Volvo in 2008.

Lal founded the Goodearth Education Foundation in 1996 and has been the president of Common Cause, a public interest organization, since 2004. He's involved in activities related to governance reform, children's health and education. He lives in Delhi with his wife Anita.

Milestones
  • 1966 Joins Eicher Tractors.
  • 1994 Eicher Motors acquires Royal Enfield motorcycles.
  • 1997 Retires from the Eicher Group.
  • 2000 Son, Siddhartha Lal, begins running the company.
  • 2008 Enters into joint venture with Volvo.
  • 2009 Buys out Mitsubishi's stake in Eicher Motors.
  • 2015 Volvo sells its residual stake in Eicher Motors.
  • 2015 Royal Enfield sells more than 450,000 motorcycles.