We got all you covered information about the Pawan Munjal House getting attacked by the raid of the Income Tax Department. He is the Chairman, MD (Managing Director) & CEO of Hero MotoCorp. Search and Seizure Action run by the official teams of Income Tax Department, as they got some news by linking dots and searching at multiple premises at the top of Hero MotoCorp including the promoter Pawan Munjal.
IT Departments are mainly focusing on the documents related to the financials and big transactions and especially between the company and promoter. As the news arrived the Share Price of Hero MotoCorp was trading under very pressure and later on there was a big dip of 70 points at 10:00 AM however market corrected itself but it gave close below 29 points from the previous day. LTP of Share Price of HEROMOTOCO is @2394.65.
We got all the news updates covered through our sources that you need to know are compiled below like Pawan Munjal House, Wife, Political, Income Tax Raid, and Net Worth 2022. Stay with us till the end of the article.
About Pawan Munjal House and his career
In the early 1980s, he joined Hero Honda Motors Company as the director but later the company itself splits into different entities, Hero and Honda. He became MD at6 Hero Honda Motors in 2001. He is the man who has the big hand in the successful transition of Hero MotoCorp from the Hero Honda in 2011.
Pawan Munjal House: Net Worth 2022 and political Aspects
Currently, in 2022 his Net Worth is 320 crores USD. He is a great example of aspirants as at the age of 68, he became the 54th richest billionaire of India, as he also mentioned by Forbes Asia with having a net worth of $3.2 billion. In 2017, he was ranked in India’s top 50 powerful people by India Today. He is also a member of the Indian Government’s Development Council for Automobile & Allied Industry (DCAI) and at the Board of Trade (BOT) and he keeps contributing towards policy-making regularly. In his career, he has been appointed as the President of PGA (Professional Golfers Association of India) and Chairman of the Asian PGA Tour.
Pawan Munjal House: Age, Biography, and WIKI
He was born in Delhi, India. His family basically belonged to Punjab and he was a second-generation member of the Munjal Family. He is born in 1956 and is currently at age 66. He is the son of Late Brijmohan Lall Munjal, who was the founder of Hero Group. His father died at age of 92 in 2015.
Pawan Munjal got has graduated from the National Institute of Technology, Kurukshetra in Haryana from the background of mechanical engineering branch. His childhood was basically spent in Ludhiana where he completed his school days at the Doon School. He is a Passionate person since his childhood. As on Current life, he is married and has three children. His daughter Vasudha is the founder of a chocolate company, Choko La, which makes premium chocolates. Late Raman Kant, Suman Kant, and Sunil Kant Munjal, are the siblings of Sir Pawan Munjal.
Pawan Munjal House: Hero MotoCorp Stock Performance and Earnings
We all know Hero MotoCorp Limited (formerly known as Hero Honda) is an Indian manufacturing Company which multinational motorcycles and scooters. Headquartered in New Delhi, India. Currently, this company is leading in the market of two-wheeler manufacturers which occupies a 37.1% stake in world productions. This company has a market capitalization of 47.91 TCR which is running at an 18.50 P/E ratio and its Last Traded Price is at @2,394. The company is debt-free and this stock is providing a healthy dividend payout of 57.26%. This company has its closest Peers like Eicher Motors and TVS Motor Co. Quarterly Results shows this company earned Rs. 7883 Crore from its operations and slightly down by 19.4% in December 2021. This Company is also good for Long Term Investment purposes.
Conclusion: Pawan Munjal House, Wife, Political, Income Tax Raid, Net Worth 2022
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