Vikram Lal
Delhi, India
India
motorcycles
$3,700,000,000
452
#452 Billionaires 2019
#20 India's Richest 2018
Two-wheeler tycoon Vikram Lal's Eicher Motors makes the iconic Royal Enfield motorbikes. The $1.3 billion (revenue) company, run by his London-based son Siddhartha, has notched up 31% compound annual sales growth since 2015. Eicher, which has 3 factories in India, sold 820,121 bikes in the fiscal year ended March 2018. Vikram's father Man Mohan Lal founded a tractor shop called Goodearth Co. in 1948 and went on to partner with German firm Eicher to make tractors.
Royal Enfield is the oldest motorcycle in continuous production since 1901.His wife Anita founded Good Earth, a chain of luxury home and apparel stores, now run by their daughter Simran.
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