Brijmohan Lall Munjal (1 July 1923 – 1 November 2015) was an Indian entrepreneur and the founder of Hero Group.[1]
Brijmohan Lall Munjal | |
|---|---|
.jpg) Munjal in 2005 | |
| Born | 1 July 1923 |
| Died | 1 November 2015 (aged 92) |
| Occupations |
|
| Known for | Founder and Chairman of Hero Motors Company |
| Spouse | Santosh Munjal |
| Children | Pawan Munjal, Sunil Kant Munjal, Suman Kant Munjal, Raman Kant Munjal, Geeta Anand |
| Parent(s) | Bahadur Chand Munjal (Father) Thakur Devi Munjal (Mother) |
| Awards | Padma Bhushan (2005) |
Early life
editMunjal was born on 1 July 1923 in Kamalia, undivided India, which is located in the Toba Tek Singh District of present-day Punjab, Pakistan. He came to Amritsar from Kamalia in 1944 at the age of 20 with his three brothers, Dayanand, Satyanand and Om Prakash.[2][3] He started his career working in the Indian Ordnance Factories.[4][5]
Merchant and industrialist
editOnce in Amritsar, Munjal and his brothers started a bicycle parts business. They later moved to Ludhiana, where in 1954, he founded Hero Cycles Limited and began making bicycle parts, starting with forks and then adding handles and other parts.[6]
In 1956, the Punjab government issued a license to manufacture bicycles. His company got this license and from here his world changed. With the financial support of Rs 6 lakh from the government and its own capital, Hero Cycles forayed into bicycle manufacturing by getting the status of "Large Scale Unit". The company had an annual production capacity of 7,500 cycles at that time. By 1975 it had become the largest bicycle company in India and in 1986, Hero Cycles was entered in the Guinness Book as the world's largest bicycle company.[7]
Hero Honda
editAfter the bicycle company, he opened a two-wheeler company named Hero Majestic Company. In this, he started making Majestic scooters and mopeds. In 1984, he signed a deal with Japan's big auto company Honda and from here his world changed again. Together with Honda, he set up a plant in Dharuhera, Haryana. On 13 April 1985, Hero Honda's first bike CD 100 came on the market. The Hero Group made such progress that by 2002, 8.6 million Hero Honda motorcycles had been sold and 16,000 motorcycles were being produced daily.[7]
Hero MotoCorp
editIn August 2011, after exiting the joint venture with Honda Motors, the company was renamed Hero MotoCorp, and the Hero Group decided to pay royalties to Honda Company in order to use the Hero Honda brand by 2013. The Hero Group was then able to export to countries where Honda already had business and Hero-Honda joint venture had not been allowed to sell goods.[8][9]
Personal life
editBrijmohan was married to Santosh and they have four sons (including Pawan and Sunil) and a daughter.[10] He died on 1 November 2015.
Awards
edit
Brijmohan Lal Munjal was awarded the Padma Bhushan by the Government of India in 2005 in the field of industry and trade.[11] Other major honors he has received include:
- Lifetime Contribution Award by All India Management Association in 2011[12]
- The Forbes India Leadership Award for Lifetime Achievement in 2014[13]
References
edit- ^ "Brijmohan Lall Munjal". Forbes. 23 September 2015. Archived from the original on 6 October 2010. Retrieved 30 July 2021.
- ^ "Hero Group founder Munjal dead". The Hindu. PTI. 2 November 2015. ISSN 0971-751X. Retrieved 30 July 2021.
- ^ "Brijmohan Munjal, founder of Hero Group, passes away at 92". The Indian Express. 2 November 2015. Retrieved 30 July 2021.
- ^ "First Offices: Where Biz Honchos Began Their Entrepreneurial Journey".
- ^ "Hero MotoCorp founder Brijmohan Lall Munjal dies at 92: Top 5 points to know". 2 November 2015.
- ^ Munjal, Sunil Kant (10 January 2020). "How the Hero Cycles journey was started by the Munjal brothers (and where the brand came from)". Scroll.in. Archived from the original on 10 January 2020. Retrieved 5 August 2021.
- ^ a b Raj, Amrit (1 November 2015). "Hero Group founder Brijmohan Lall Munjal dies at 92". Livemint. Archived from the original on 4 November 2015. Retrieved 5 August 2021.
- ^ Raj, Amrit (16 December 2010). "Hero, Honda end 26-year partnership". Livemint. Archived from the original on 27 June 2013. Retrieved 20 August 2021.
- ^ Thakkar, Ketan (16 April 2012). "Honda Motor expanding R&D capacity; company to double the number of engineers". The Economic Times. Retrieved 20 August 2021.
- ^ "The succession story of Munjal family". NDTV.com. 23 November 2011. Archived from the original on 23 September 2019. Retrieved 30 July 2021.
- ^ "Hero MotoCorp Founder Brijmohan Lall Munjal Dies". NDTV. PTI. 2 November 2015. Archived from the original on 26 August 2019. Retrieved 30 July 2021.
- ^ "Founder of Hero Group Brijmohan Lall Munjal passed away". India.com. 2 November 2015. Archived from the original on 30 July 2021. Retrieved 30 July 2021.
- ^ Mishra, Ashish K. (21 October 2013). "Brijmohan Lall Munjal: A Hero For Life". Forbes India. Archived from the original on 21 October 2013. Retrieved 30 July 2021.