After a February raid on 11 warehouses and cars, three men were arrested -- including a midlevel leader, Hemant Navnit Bham.

CNN: Gangs net millions from software piracy

"The potential liability is mind-boggling, " says drug industry analyst Hemant Shah.

FORBES: Merck's Mess

Taking their places are 4 newcomers, including Micky Jagtiani, who oversees a retailing empire in the Middle East, and Hemant Shah , son of a Bollywood film producer, who made his fortune in construction.

FORBES: India's 40 Richest