Vikram Lal | |
---|---|
Born | 1942 (1942) (age 83) |
Nationality | Indian |
Alma mater | Technische Universität Darmstadt |
Occupation | Businessman |
Title | Founder of Eicher Motors |
Spouse | Anita Lal |
Children | 3, including Siddhartha Lal |
Website | www |
Vikram Lal (born 1942) is an Indian businessman. Lal is the founder and former CEO of Eicher Motors, an Indian commercial vehicle manufacturer based in New Delhi, India. He has been a member of the board of directors of The Doon School. As per the Forbes list of India’s 100 richest tycoons, as of 9 October 2024, Vikram Lal and his family are ranked 31st with a net worth of $8.8 billion.
Early life and education
Vikram Lal was born in 1942. He studied mechanical engineering at the Technische Universität Darmstadt.
Business career
In 1966, Lal joined Eicher India, part of his family owned companies established by his father, Man Mohan Lal, in 1948. Eicher started as the first tractor manufacturer in India in 1959 under the company name Eicher Tractor Corporation of India Pvt. Ltd., as a joint venture with German tractor manufacturer Eicher, and eventually branched out into light commercial vehicles in 1986, and then into heavy vehicles. In 1985, he took a step back in detailed management of his companies as result of a heart bypass, which also contributed to his later decision of handing over management control of his companies to professionals. In 1997, Lal retired from all executive roles in his companies and handed control over to professional managers.
Personal life
Lal is married to Anita Lal and they have 3 children. Anita founded the lifestyle brand Good Earth. His son, Siddhartha Lal, became CEO of Eicher Motors in 2006. One of his daughters, Simran, runs the family's two lifestyle brands, Good Earth and Nicobar. Lal spends his retirement years volunteering at his own Goodearth Education Foundation.
References
- "Eicher Motors' CEO on the Volvo deal". Rediff.com. Retrieved 28 March 2012.
- "Vikram Lal". The DOON School. 7 October 2007. Archived from the original on 2 July 2012. Retrieved 28 March 2012.
- "India's 100 Richest". India’s 100 Richest. 9 October 2024. Archived from the original on 3 November 2024. Retrieved 17 January 2025.
- "Unveiling Vikram Lal: The visionary fueling Royal Enfield's success – Know about his journey, career, son Siddhartha Lal, daughter Simran Lal, and net worth". Financialexpress. 7 June 2024. Retrieved 16 January 2025.
- ^ Karmali, Naazneen. "Indian Motorcycle Magnate Vikram Lal Becomes Billionaire On Rising Shares". Forbes. Archived from the original on 4 August 2019. Retrieved 4 August 2019.
- ^ "Simran Lal: Your employees are the best brand ambassadors". 15 September 2017. Retrieved 5 August 2019.
- "Trustees & Patrons". IndiaSpend. 19 September 2018. Archived from the original on 5 April 2019. Retrieved 6 August 2019.
- "India at 75: Munjals to Mahindras - 20 visionary industrialists of India". Business Standard. 12 August 2022. Retrieved 17 January 2025.
- ^ "Vikram Lal & family". Forbes. Archived from the original on 4 August 2019. Retrieved 5 August 2019.
- "Common Cause". Archived from the original on 6 August 2019. Retrieved 2 April 2020.
- ^ BSCAL (11 October 1997). "The Man Who Wouldnt Be King". Business Standard. Retrieved 17 January 2025.
- Dubey, Rajeev. "Leadership: The CEO Who Walked Away". archives.digitaltoday.in. Archived from the original on 1 July 2024. Retrieved 16 January 2025.
- ^ Menon, Rashmi (14 June 2017). "We are a maverick family, our focus has never been only business: Simran Lal, Good Earth". The Economic Times. ISSN 0013-0389. Archived from the original on 17 September 2024. Retrieved 16 January 2025.
- ^ Khurana, Chanpreet (21 February 2015). "Anita Lal: A story behind every design". Mint. Retrieved 17 January 2025.
External links
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