The journey for the Hero Group began when Brijmohan Lall Munjal started as a bicycle maker with his three brothers in the s. The group. Brijmohan Lall Munjal, 92, who recently became chairman emeritus of Hero In the midst of such niggling doubts was born Hero Honda. Brijmohan Lall Munjal, founder & chairman emeritus of Hero MotoCorp, maker of the Born in at Kamalia in the undivided Punjab state of.
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Inthe Munjals left Kamalia and moved to Amritsar to start a bicycle spare parts business. Founder and chairman of brojmohan Hero MotoCorp.
Most businessmen from Punjab are well aware of the pitfalls of neglecting succession planning. He leaves behind an enduring legacy and a blueprint to create a successful business empire in India. After moving to India before independence, he dabbled in bicycle component business before manufacturing bicycles and partnering with Japanese major Honda Motor to launch a joint venture, which made the affordable and fuelefficient Hero Honda motorcycles that became ubiquitous on Indian roads.
Of his four sons, the eldest, Raman Kant Munjal passed away at an early age, after having founded hero Honda. Sumant Banerji, Senior Assistant Editor Visionary, father of the Indian two-wheeler industry, the first true desi business giant, the man who gave the aam aadmi wheels.
B.M. Munjal Profile
An agreement was signed and on 13 Aprilthe first Hero Honda motorbike was rolled out. So much so that Bajaj Auto had to change track and focus on motorcycles instead.
The secret ingredient was respect, which the senior Munjal gave to his Japanese counterparts. InRockman Cycles Industries was established to manufacture bicycle chains and hubs.
Brijmohan Lall Munjal: India’s two-wheeler ‘hero’
From the third tier component supplier to the store operator in his many factories, he has touched lives in unique ways – sometimes enquiring about an ailing child at home or sending a bouquet on a subordinate’s marriage anniversary.
The succession story of Munjal family
InHero Cycles moved up the value chain by making a shift from munmal to manufacturing handlebars, front forks and chains. Brijmohan was married to Santosh and had five children: Astrology Baby Names Festivals Quotes.
The hero cycle was comparatively cheaper and was sturdy and reliable. He is a first generation entrepreneur who started very small and through sheer hard work and perseverance made it to the top. Honda was not the only Indo-Japanese two-wheeler tie-up, but while other such partnerships like Kawasaki’s with Bajaj, and TVS with Suzuki fell by the wayside, Hero Honda chugged along merrily.
But biographt the case of Munjzl, it is anything but a fad. NDTV Beeps – your daily newsletter. By using this site, you agree to allow cookies to be placed.
Five lessons for Indian business from Hero Group founder Brijmohan Lall Munjal’s legacy
Srinivasan Osamu Suzuki K. Hero’s rise would not have been possible without the tie-up with Honda, but keeping it intact for 25 years was where he really deserves credit. Inthe brijmohn had become the largest bicycle manufacturer in India.
This not only ensured lifelong loyalty of the suppliers to the Munjal family, but also a firmer management on the downstream industries. So the family constitution will address such issues,” said Rahul Munjal.
KamaliaBritish India now in Punjab Pakistan. In the cycle and, subsequently, the motorcycle business, he awarded bography for making ancillaries to his immediate family members like his three brothers and fellow immigrants from Pakistan. Retrieved from ” https: