New Joiners of India 2012 Rich List

7. Krishna Kumar Modi
Net worth: $645 million

Having a joint venture with Philip Morris, Krishna Kumar Modi own 26 percent stake in Godfrey Phillips, India’s second largest cigarette manufacturer. Krishna Kumar took up the responsibility of Godfrey Phillips in 1979 and has spread its directions towards other portfolios like tea, beverages, confectionery etc. Married to Bina Modi, who looks after oversees restaurants, an art gallery and a fashion TV channel.

8. Vikram Lal
Net worth: $630 million

Vikram Lal is a German-trained engineer who came back in India to join his family business, Eicher Motors. After handling the operations for three decades Vikram Lal handed the responsibility to his son Siddharth. Vikram Lal also served as Member of Board of Directors of The Doon School. Eicher Motors is the third-largest manufacturer of commercial vehicles and has a joint endeavor with Volvo to manufacture trucks and buses.

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