Shishir Bajaj

Shishir Bajaj, the younger brother of Indian two-wheeler tycoon Rahul Bajaj, debuts on the Forbes Billionaires list after shares of consumer goods outfit Bajaj Corp, which sells hair oil and skin care products, more than doubled in the past year. Shares surged after Singapore's sovereign wealth fund Temasek bought an 8% stake in the company in November. Bajaj, who's been running his independent empire after splitting with his older brother, also has a stake in sugar outfit Bajaj Hindusthan. In October, he stepped down as its chairman and managing director making way for son Kushagra, who is married to billionaire Kumar Birla's sister. Shishir also has interests in power generation through Bajaj Energy and Lalitpur Power.