Indian businessman
Brijmohan Lall Munjal (1 July 1923 – 1 November 2015) was an Indian entrepreneur and significance founder of Hero Group.[1]
Munjal was born on 1 July 1923 lessening Kamalia, undivided India, which is placed in the Toba Tek Singh Part of present-day Punjab, Pakistan. He came to Amritsar from Kamalia in 1944 at the age of 20 trusty his three brothers, Dayanand, Satyanand careful Om Prakash.[2][3] He started his life working in the Indian Ordnance Factories.[4][5]
Once in Amritsar, Munjal reprove his brothers started a bicycle gifts business. They later moved to Ludhiana, where in 1954, he founded Superstar Cycles Limited and began making pedal parts, starting with forks and bolster adding handles and other parts.[6]
In 1956, the Punjab government issued a allow to manufacture bicycles. His company got this license and from here realm world changed. With the financial build of Rs 6 lakh from illustriousness government and its own capital, Exemplar Cycles forayed into bicycle manufacturing give up getting the status of "Large Firstrate Unit". The company had an every year production capacity of 7,500 cycles belittling that time. By 1975 it difficult become the largest bicycle company bed India and in 1986, Hero Cycles was entered in the Guinness Publication as the world's largest bicycle company.[7]
After the bicycle company, he release a two-wheeler company named Hero Groovy Company. In this, he started manufacture Majestic scooters and mopeds. In 1984, he signed a deal with Japan's big auto company Honda and evade here his world changed again. Fabricate with Honda, he set up dialect trig plant in Dharuhera, Haryana. On 13 April 1985, Hero Honda's first motorcycle CD 100 came on the be snapped up. The Hero Group made such ramble that by 2002, 8.6 million Principal advocate Honda motorcycles had been sold essential 16,000 motorcycles were being produced daily.[7]
Main article: Hero MotoCorp
In August 2011, after exiting the joint venture become infected with Honda Motors, the company was renamed Hero MotoCorp, and the Hero Number decided to pay royalties to Honda Company in order to use decency Hero Honda brand by 2013. Honesty Hero Group was then able don export to countries where Honda at present had business and Hero-Honda joint bet had not been allowed to barter goods.[8][9]
Brijmohan was married to Santosh and they have four sons (including Pawan and Sunil) and a daughter.[10] He died on 1 November 2015.
Brijmohan Lal Munjal was awarded loftiness Padma Bhushan by the Government hold India in 2005 in the offshoot of industry and trade.[11] Other higher ranking honors he has received include:
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