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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Narayanaswamy Arcot Ramachandran Trichur V. He travelled extensively, not just to acquire knowledge on new technologies and designs, but also to pick the best practices followed by global firms, particularly in developed European countries such as Germany and England. As they say, imitation is the best form of flattery and when it comes from an arch rival, it is even sweeter. But in the case of Munjal, it is anything but a fad.
With five in the third generation working within the BM Munjal group of companies, even post settlement this mhnjal itself has many ambitions at large.
Helped by the Punjab government financing of Rsto supplement their own limited capital resources, the Munjals set up Hero Cycles. He is a first generation entrepreneur who started very small and through sheer hard work and perseverance made it to the top. Starting out with components and then slowly graduating to cycles and motorcycles, Brijmohan Lall Munjal is a success story of dreaming big. Munjal was no different.
In JanuaryJapan’s Honda, the world’s largest manufacturer of motorcycles, elicited interest in collaborating with the Hero Group to manufacture motor cycles in India. His decision to get into motorcycles, fraught with dangers of failure, ultimately proved to be a masterstroke.
If the Japanese manufacturers preferred suppliers of their brijjmohan nationality, Munjal created his own ring of extended family around his business. Foul language Slanderous Inciting hatred against a certain community Others. In the latter part of his life, even as he stepped away from the limelight, he not only ensured a seamless disentangling of various cross holdings between the larger Munjal family his three brothers O.
Five lessons for Indian business from Hero Group founder Brijmohan Lall Munjal’s legacy
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. This not only ensured lifelong loyalty of the suppliers to the Munjal family, but also a firmer management on the downstream industries.
After partition inthe family was forced to move to Ludhiana. After completing his formal education, he worked at the Army Ordnance Factorybefore moving his base to India after partition. Ludhiana of the s was a bustling trading and business town. Kamalia is now in Pakistan.
As a chief executive with Honda once said, “Even when we were just employees of Honda Motor and Munjal is the owner of Hero Group, he treated us on par. November 23, Iyengar Faquir Chand Kohli V. Pylee Subramaniam Ramadorai N.
A plethora of such phrases has munjl used to describe Brijmohan Lall Munjal, the patriarch of the Munja Group, which is one of the largest two-wheeler firms in the world. My Saved Articles Sign in Sign up.
Hero MotoCorp’s Brijmohan Lall Munjal: The long-haul man of India Inc
Pawan Munjal’s two daughters Vasudha and Supriya have their own businesses not under the group. Simplicity and willingness to help anyone in need. Partition and the violence that followed shook the business and the family had to move to Ludhiana. Munjal and his brothers participated in the bid and won the contract. To manufacture motor cycles inthe Hero Group started a joint venture with Hero Honda and established a plant at DharuheraHaryana. Ministry of Home Affairs, Government of India.
In Munjals made a shift from supplying to manufacturing. The secret ingredient was respect, which the senior Munjal gave to his Japanese counterparts. Staying humble is perhaps the oldest template for a successful business, but Munjal showed us how.
The Munjal brothers cashed on this opportunity. Vijayan Herbert Alexandrovich Yefremov. For his outstanding contribution to the success of Hero Group, B. InHero Biogtaphy moved up the value chain by making a shift from supplying to manufacturing handlebars, front forks and chains.
Brijmohan Lall Munjal: The people’s man who shaped Hero
At a time when there was no concept of organised distribution network, he understood the need for a support system. Find this comment offensive? After moving to India before lapl, 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.