Lalit Khaitan, the 80-year-old Chairman & MD of liquor company Radico Khaitan (formerly Rampur Distillery & Chemical Company), is now a billionaire. Born in Kolkata, Khaitan received education from Mayo College, Ajmer and St. Xavier's College, Kolkata. Khaitan inherited a small liquor business from his late father GN Khaitan. Lalit's son Abhishek helped the company foray into branded beverages.