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8/3/2019 Dr. Brijmohan Lall Munjal
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BUSINESS LEADER:
Dr. Brijmohan Lall Munjal:
the founder of The Hero MotoCorp & Richest person
SUBMITTED TO:
MISS. DHARA MODI
SUBMITTED BY:
HETAL SHETH(2001)
8/3/2019 Dr. Brijmohan Lall Munjal
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Dr. Brijmohan Lall Munjal the founder of The Hero MotoCorp & Richest
person
Dr. Brijmohan Lall Munjal is an Indian businessman and the founder of The Hero
MotoCorp which owns Hero Honda Motors in India and is one of the richest
people in India.
Early life
Brijmohan Lall Munjal was born in 1923 at Kamalia,district Toba Tek Singh in
unpartitioned Punjab, British India. Kamalia is now in Pakistan. He was from a
simple middle-class Hindu family,. After completing his formal education he
worked at the Army Ordnance Factory, before moving his base to India after
partition.
Career
In 1944, when Brijmohan was 20, his family sensed partition, So Brijmohan along
with his elder brothers Dayanand Munjal, Satyanand Munjal and his younger
brother Om Prakash Munjal came to India and settled in Amritsar. The brothers
initially started a business by supplying components to manufacturersofbicycles in and around Amritsar. After the partition in 1947 the Munjal family
completely shifted their base from Pakistan to Ludhiana.
At that point and still today Ludhiana was an important destination for
manufacturing and industry hub of bicycles and textiles. Slowly they expanded
http://en.wikipedia.org/wiki/Hero_Hondahttp://en.wikipedia.org/wiki/Kamaliahttp://en.wikipedia.org/wiki/Toba_Tek_Singhhttp://en.wikipedia.org/wiki/Punjab_Province_(British_India)http://en.wikipedia.org/wiki/British_Indiahttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Hinduhttp://en.wikipedia.org/wiki/Partition_of_Indiahttp://en.wikipedia.org/wiki/Amritsarhttp://en.wikipedia.org/wiki/Bicyclehttp://en.wikipedia.org/wiki/Ludhianahttp://en.wikipedia.org/wiki/Textileshttp://en.wikipedia.org/wiki/Textileshttp://en.wikipedia.org/wiki/Ludhianahttp://en.wikipedia.org/wiki/Bicyclehttp://en.wikipedia.org/wiki/Amritsarhttp://en.wikipedia.org/wiki/Partition_of_Indiahttp://en.wikipedia.org/wiki/Hinduhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/British_Indiahttp://en.wikipedia.org/wiki/Punjab_Province_(British_India)http://en.wikipedia.org/wiki/Toba_Tek_Singhhttp://en.wikipedia.org/wiki/Kamaliahttp://en.wikipedia.org/wiki/Hero_Honda8/3/2019 Dr. Brijmohan Lall Munjal
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their distribution network and by early 1950s they were supplying components of
bicycles throughout India.
Hero Cycles Ltd
In 1954 Hero Cycles Ltd moved up the value chain by making a shift from
supplying to manufacturing. They started manufacturing handlebars, front forks
and chains. In 1956, the Punjab Government issued tender notices for twelve new
industrial licenses to make bicycles in Ludhiana. Brijmohan Lall Munjal and his
brothers participated in the bid and won the contract. Hero Cycles was registered
as a large-scale industrial unit. The capital was partly financed by the Government
of Punjab.
In 1961 Rockman Cycles Industries was established to manufacture bicycle chains
and hubs. Under his leadership Hero Cycles was the first company to export
bicycles in large scale. In 1975 they had earned the distinction of Largest bicycle
manufactures in India. By 1986 Hero Cycles Limited entered the Guinness Book of
Records as the largest manufacturers of bicycles in the world.
Hero Honda
Before entering into a joint venture with Honda Motors, Dr. Munjal started the
Majestic Auto Limited and started manufacturing Hero Majestic Moped. To
manufacture motor cycles in 1984 the Hero Group started a joint venture with Hero
Honda and established a plant at DharuheraHaryana. Hero Group expanded so big
http://en.wikipedia.org/wiki/Hero_Cycles_Ltdhttp://en.wikipedia.org/wiki/Guinness_Book_of_Recordshttp://en.wikipedia.org/wiki/Guinness_Book_of_Recordshttp://en.wikipedia.org/wiki/Hondahttp://en.wikipedia.org/w/index.php?title=Hero_Majestic_Moped&action=edit&redlink=1http://en.wikipedia.org/wiki/Dharuherahttp://en.wikipedia.org/wiki/Dharuherahttp://en.wikipedia.org/wiki/Dharuherahttp://en.wikipedia.org/w/index.php?title=Hero_Majestic_Moped&action=edit&redlink=1http://en.wikipedia.org/wiki/Hondahttp://en.wikipedia.org/wiki/Guinness_Book_of_Recordshttp://en.wikipedia.org/wiki/Guinness_Book_of_Recordshttp://en.wikipedia.org/wiki/Hero_Cycles_Ltd8/3/2019 Dr. Brijmohan Lall Munjal
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that by 2002 they had sold 86 million Bikes producing 16000 motorcycles a day.
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Awards and recognition
Awarded Businessman of the Year in 1994 by business magazine "BusinessIndia"
Received the National Award for outstanding contribution to the Developmentof Indian Small Scale Industry in 1995.
In 1999 Featured in Most Admired CEO List of the magazine "BusinessBarons".
Received The Distinguished Entrepreneurship Award from The PHD Chamberof Commerce and Industry in 1997.
Xavier Labour Relations Institute (XLRI), Conferred Sir Jehangir GhandyMedal for Industrial Peace in 2000.
Featured as Ernst and Young Entrepreneur of the year in 2001. Received The Lifetime Achievement award for "Management" from All India
Management Association in 2003.
Banaras Hindu University, Varanasi conferred him with a Doctorate; degreeof "Doctors of letters" Honoris Causa in October 2004.
Awarded "Padma Bhushan"in March 2005 for his contribution to Trade andIndustry in 2005.