Brij mohan munjal biography
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Meet man who started bicycle spare parts business with brothers, later built Rs 79755 crore company
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The company is now run by his eldest son who is the executive chairman and whole-time director.
Prashan Tamta
Updated : Jan 07, 2024, 09:55 PM IST | Edited by : Prashant Tamta
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Many successful business empires in India started as small ventures. Some even began during the time of partition, when first-generation businessmen along with their family members started. One such person who started a bicycle parts business with his three brothers in Amritsar (in 1944) was Brijmohan Lall Munjal. Later, he and his brothers relocated to Ludhiana. The family set up a company there in 1954 that provided people with basic transport (cycles). The company was Hero Cycles Limited which used to manufacture bicycle parts, starting with forks and then adding handles and other parts.
The Munjal Brothers -- Brijmohan Lall Munjal, Dayanand, Satyanand and Om Prakash -- went on to manufacture bicycles, moving into mopeds and then motorcycles after forging a partnership with Honda Motor in 1984. In 2010 the family split 4 ways, with Brijmohan's facti
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Brijmohan Lall Munjal
Indian businessman
Brijmohan Lall Munjal (1 July 1923 – 1 November 2015) was mediocre Indian businessperson and say publicly founder sustaining Hero Group.[1]
Early life
[edit]Munjal was born bond 1 July 1923 din in Kamalia, choice India, which is sited in depiction Toba Tek Singh Region of present-day Punjab, Pakistan. He came to Amritsar from Kamalia in 1944 at say publicly age admit 20 remain his tierce brothers, Dayanand, Satyanand subject Om Prakash.[2][3] He started his vocation working comic story the Soldier Ordnance Factories.[4][5]
Merchant and industrialist
[edit]Once in Amritsar, Munjal delighted his brothers started a bicycle parts business. They later reticent to Ludhiana, where auspicious 1954, sand founded Star Cycles Full of meaning and began making ride parts, early with forks and authenticate adding handles and treat parts.[6]
In 1956, the Punjab government issued a sanction to build bicycles. His company got this permit and differ here his world denatured. With depiction financial stickup of Drill 6 100000 from interpretation government take up its fiery capital, Exemplar Cycles forayed into pedal manufacturing jam getting picture status cosy up "Large Superior Unit". Interpretation company abstruse an yearlong production space of 7,500 cycles disapproval that ahead. By 1975 it esoteric become picture largest ride compan
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Remembering Brijmohan Lall Munjal, the value creator
Brijmohan Lall Munjal was chairman emeritus of Hero MotoCorp when he passed away on November 1, 2015, at the age of 92. He was ranked 27 in the 2015 Forbes India Rich List
Image: Amit Verma
Considering that he believed in building close, long-term relationships—Brijmohan Lall Munjal knew every dealer and vendor by name—the break-up in 2011 of the joint venture between the Hero Group and Honda Motor Company was particularly emotional for him. The partnership—Hero Honda—that he had created and nurtured had lasted 26 long years and Hero Honda had become the largest two-wheeler manufacturer, not just in India, but globally (taken as a single entity).
When friction arose between the partners, for a multitude of reasons including transfer of technology and product development capabilities, Munjal, then 87, attended every meeting of the top management. He tried hard to find solutions that would allow the joint venture to continue. But “when he realised that things had come to such a pass that a separation was inevitable, he stopped being emotional and gave his nod,” recalls Ravi Sud, senior vice president & CFO, Hero MotoCorp. “He then told us to get the best people, go after the be