Brijmohan Lall Munjal Explained

Brijmohan Lall Munjal
Birth Date:1 July 1923
Birth Place:Kamalia, Punjab, British India
Death Place:New Delhi, India
Known For:Founder and Chairman of Hero Motors Company
Spouse:Santosh Munjal
Parents:Bahadur Chand Munjal (Father)
Thakur Devi Munjal (Mother)
Children:Pawan Munjal, Sunil Kant Munjal, Suman Kant Munjal, Raman Kant Munjal, Geeta Anand
Awards:Padma Bhushan (2005)

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

See main article: article and 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:

Notes and References

  1. Web site: 23 September 2015. Brijmohan Lall Munjal. live. 30 July 2021. Forbes. en. https://web.archive.org/web/20101006012520/http://www.forbes.com:80/profile/brijmohan-lall-munjal . 6 October 2010 .
  2. News: 2 November 2015. Hero Group founder Munjal dead. en-IN. The Hindu. PTI. 30 July 2021. 0971-751X.
  3. Web site: 2 November 2015. Brijmohan Munjal, founder of Hero Group, passes away at 92. 30 July 2021. The Indian Express. en.
  4. Web site: First Offices: Where Biz Honchos Began Their Entrepreneurial Journey .
  5. Web site: Hero MotoCorp founder Brijmohan Lall Munjal dies at 92: Top 5 points to know . 2 November 2015 .
  6. Web site: Munjal. Sunil Kant. Sunil Kant Munjal. 10 January 2020. How the Hero Cycles journey was started by the Munjal brothers (and where the brand came from). live. 5 August 2021. Scroll.in. en-US. https://web.archive.org/web/20200110065443/https://scroll.in/article/949350/how-the-hero-cycles-journey-was-started-by-the-munjal-brothers-and-where-the-brand-came-from . 10 January 2020 .
  7. Web site: Raj. Amrit. 1 November 2015. Hero Group founder Brijmohan Lall Munjal dies at 92. live. 5 August 2021. Livemint. en. https://web.archive.org/web/20151104014057/http://www.livemint.com:80/Companies/9ZwfYcI6S5IC8c0aJFOGkM/Brijmohan-Lall-Munjal-founder-of-Hero-Group-dies-at-92.html . 4 November 2015 .
  8. Web site: Raj. Amrit. 16 December 2010. Hero, Honda end 26-year partnership. live. 20 August 2021. Livemint. en. https://web.archive.org/web/20130627000244/http://www.livemint.com:80/Home-Page/olMPQv1Ygg1at49qOKPBRL/Hero-Honda-end-26year-partnership.html . 27 June 2013 .
  9. News: Thakkar. Ketan. 16 April 2012. Honda Motor expanding R&D capacity; company to double the number of engineers. The Economic Times. 20 August 2021.
  10. Web site: 23 November 2011. The succession story of Munjal family. live. 30 July 2021. NDTV.com. https://web.archive.org/web/20190923170008/https://www.ndtv.com/business/the-succession-story-of-munjal-family-42414 . 23 September 2019 .
  11. News: PTI. 2 November 2015. Hero MotoCorp Founder Brijmohan Lall Munjal Dies. live. 30 July 2021. NDTV. https://web.archive.org/web/20190826223154/https://www.ndtv.com/business/hero-motocorp-founder-brijmohan-lall-munjal-dies-1238884 . 26 August 2019 .
  12. Web site: 2 November 2015. Founder of Hero Group Brijmohan Lall Munjal passed away. live. 30 July 2021. India.com. en. https://web.archive.org/web/20210730122459/https://www.india.com/education/founder-of-hero-group-brijmohan-lall-munjal-passed-away-1576326/ . 30 July 2021 .
  13. Web site: Mishra. Ashish K.. 21 October 2013. Brijmohan Lall Munjal: A Hero For Life. live. 30 July 2021. Forbes India. en. https://web.archive.org/web/20131021151618/http://forbesindia.com/article/leaderhip-awards-2013/brijmohan-lall-munjal-a-hero-for-lifes/36351/1 . 21 October 2013 .