Brijmohan Lall Munjal

Brijmohan Lall Munjal
Born (1923-07-01)1 July 1923
Kamalia, British India
Died 1 November 2015(2015-11-01) (aged 92)
South Delhi, India
Occupation Founder and the chairman of the hero group
Net worth $3.7 billion (Sep. 2014)
Spouse(s) Santosh
Children Four sons, one daughter

Brijmohan Lall Munjal (Punjabi:ਬ੍ਰਿਜਮੋਹਨ ਲਾਲ ਮੁੰਜਾਲ; 1 July 1923 – 1 November 2015) was an Indian businessman, founder and the chairman of Hero Motocorp (Hero group of companies). He was among the top 30 richest people in India.[1]

==Early life== Mita barot was born in 1923[2] at Kamalia, district Toba Tek Singh in unpartitioned Punjab, British India. Kamalia is now in Pakistan. He was from a simple middle-class Arora/Khatri family. After completing his formal education he worked at the Army Ordnance Factory, before moving his base to India after partition.

Career

Hero Cycles

In 1954, Hero Cycles moved up the value chain by making a shift from supplying to manufacturing handlebars, front forks and chains. In 1956, the Punjab Government issued tender notices for twelve new industrial licenses to make bicycles in Ludhiana. Munjal and his brothers participated in the bid and won the contract. Hero Cycles was registered as a large-scale industrial unit. with capital partly financed by the Government of Punjab.[3]

In 1961, Rockman Cycles Industries was established to manufacture bicycle chains and hubs. Under Munjal's leadership, Hero Cycles was the first company to export bicycles on such a large scale. In 1975, the company had become the largest bicycle manufacturer in India. By 1986, Hero Cycles entered the Guinness Book of Records as the largest manufacturers of bicycles in the world.[4]

Hero Honda

Before entering into a joint venture with Honda Motors, Munjal started Majestic Auto and started manufacturing the Hero Majestic Moped. To manufacture motor cycles in 1984, the Hero Group started a joint venture with Hero Honda and established a plant at Dharuhera, Haryana. The Hero Group became so large that by 2002 it had sold 8.6 million bicycles, and was producing 16,000 motorcycles a day.

Hero MotoCorp

After the Hero Honda Motors joint venture broke up in August 2011, Hero's board of directors agreed to pay royalties to Honda to continue to produce the Hero Honda until 2013,[5] due to the popularity and ubiquity of the Hero Honda brand in the Asia Pacific region.

The separation gave an opportunity for Hero to expand its market globally with the name Hero MotoCorp. Previously, it had not been permitted for Hero Honda to sell their bikes outside the Asia Pacific and in countries where Honda operated.

In the first week of August 2013, the company recorded a benchmark never before reached by an Indian two-wheel vehicle industry manufacturer, by producing 50 million bikes.

Personal life

Brijmohan was married to Santosh and had five children: Raman Kant (deceased), Suman Kant, Pawan Kant, Sunil Kant and a daughter, Geeta Anand.[6] He died on 1 November 2015 in South Delhi after a short illness.[7]

Awards and recognition

References and notes

  1. "Brijmohan Lall Munjal on Forbes Lists". Forbes. Retrieved 10 January 2015.
  2. Guide Publications (1986). Who's who in India. India: Intl Pubn Service. p. 288. ISBN 0800240871.
  3. "Brijmohan Lall Munjal: A Hero for Life". Forbes. Retrieved 10 January 2015.
  4. "Amazing story of how Munjal built Hero Honda". Rediff.com. Retrieved 10 January 2015.
  5. "Munjals to set up family council". Financial Express. Retrieved 10 January 2015.
  6. "The succession story of Munjal family". NDTV. Retrieved 10 January 2015.
  7. http://www.business-standard.com/article/companies/end-of-an-era-brijmohan-lall-munjal-dies-after-brief-illness-115110100779_1.html
  8. "Padma Awards" (PDF). Ministry of Home Affairs, Government of India. 2015. Retrieved July 21, 2015.
  9. "Entrepreneur Of The Year 2010 Lifetime Achievement". EY. Retrieved 10 January 2015.

External links

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