Brijmohan Lall Munjal (1 July 1923 – 1 November 2015) was an Indian entrepreneur and the founder of Hero Group.[1]
Early life
Munjal 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
Once 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
After 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
In 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
Brijmohan was married to Santosh and they have four sons (including Pawan and Sunil) and a daughter.[10] He died on 1 November 2015.
Awards
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:
References
- Brijmohan Lall Munjal Forbes, 23 September 2015, retrieved 30 July 2021^
- Hero Group founder Munjal dead The Hindu, 2 November 2015, 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^
- Sunil Kant Munjal. How the Hero Cycles journey was started by the Munjal brothers (and where the brand came from) Scroll.in, 10 January 2020, retrieved 5 August 2021^
- Amrit Raj. Hero Group founder Brijmohan Lall Munjal dies at 92 Livemint, 1 November 2015, retrieved 5 August 2021^
- Amrit Raj. Hero, Honda end 26-year partnership Livemint, 16 December 2010, retrieved 20 August 2021^
- Ketan Thakkar. Honda Motor expanding R&D capacity; company to double the number of engineers The Economic Times, 16 April 2012, retrieved 20 August 2021^
- The succession story of Munjal family NDTV.com, 23 November 2011, retrieved 30 July 2021^
- Hero MotoCorp Founder Brijmohan Lall Munjal Dies NDTV, 2 November 2015, retrieved 30 July 2021^
- Founder of Hero Group Brijmohan Lall Munjal passed away India.com, 2 November 2015, retrieved 30 July 2021^
- Ashish K. Mishra. Brijmohan Lall Munjal: A Hero For Life Forbes India, 21 October 2013, retrieved 30 July 2021^