Brij mohan munjal biography of william
Brijmohan Lall Munjal was an Indian entrepreneur
Brijmohan Lall Munjal (1 July 1923 – 1 November 2015) was an Indian entrepreneur and the founder of Hero Group
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.He started his career working in the Indian Ordnance Factories.
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.
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.
Hero HondaAfter 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 in 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.
Hero MotoCorp HomeBusiness BUSINESS 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 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 faction getting control of the Honda JV. In 2011. Munjal parted ways with Honda. Brijmohan passed away in 2015 at the age of 92. He had long since handed the reins to his sons. The eldest, Pawan Munjal, is the executive chairman and whole-time director of Hero Motocorp. The company has a market cap of Rs 79755 crore as of January 5. Brijmohan was a man who started small, dreamt big and used a combination of grit and perseverance to create one of the country's largest corporate groups and the World's No. 1 manufacturer of motorcycles and scooters. he was awarded the Padma Bhushan by the Government of India in 2005 in the field of industry and trade. READ | Meet IIT graduate
Main article: Hero MotoCorp
In August 2011, after exiting the joint venture with Honda Motors, the company was rena Meet man who started bicycle spare parts business with brothers, later built Rs 79755 crore company
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Brijmohan Lall Munjal's death a big loss to industry: India Inc
Munjal, known as the doyen of Indian two-wheeler industry, passed away Sunday evening after a brief illness. He was 92.
"He was one of the doyens of Indian industry and his passing away has left a void, which would be impossible to fill," CIIPresident Sumit Mazumdersaid.
Industry body Assochamtermed Munjal's demise as a "big loss to India Inc".
Society of Indian Automobile Manufacturers (SIAM) President Vinod Dasari said Munjal's passing away comes as a "massive loss" to the entire automotive fraternity.
"Dr Brijmohan Lall was one of the flagbearers of the Indian automotive industry and is hugely responsible for the reputation the Indian two-wheeler industry enjoys globally today," Dasari said.
Lall was a father figure to the automotive industry in India and an extra-ordinary leader, who showed the entire industry how to build a winning company, he added.
Dasari further said: "He was a visionary and has played an unprecedented role in cementing India's place on the global automotive scenario."
PHD Chamber President Alok B Shriram described him as the man of partnership, who built his business from scrap, taking it to the Himalayan scale in the automobile sector.
"Munjal had an exclusivity to build relations with the spirit of partnership that endeared him to all relevant stakeholders.
"It is because of this virtue that he could rise and retain his hegemony not only in his individual businesses but also drew enormous respect from who so ever he came in contact with," Shriram pointed out.
Munjal had retired from active role and become Chairman Emeritus of the over USD 4-billion group earlier this year and remained on the board of the company as non-executive me B.M. Munjal life and biography
B.M. Munjal's journey began in 1944 at the age of 20. Brij Mohanlall along with his three brothers, Dayanand (32), Satyanand (27) and Om Prakash (16) moved from his birthplace Kamalia in Pakistan to Amritsar. The brothers started supplying components to the local bicycle business. After partition in 1947, the family was forced to move to Ludhiana. The town of Ludhiana was already a major hub of the Indian bicycle business and an important textile center. The Munjals slowly spread their bicycle component distribution network in other parts of the country and became one of India's largest bicycle parts suppliers. In 1952 Munjals made a shift from supplying to manufacturing. They started manufacturing handlebars, front forks and chains.
In 1956, the Punjab state government announced the issue of twelve new industrial licenses to make bicycles in Ludhiana. The Munjal brothers cashed on this opportunity. Helped by the Punjab government financing of Rs 600,000 to supplement their own limited capital resources, the Munjals set up Hero Cycles. Hero Cycles was registered as a 'large-scale industrial unit' and it initially produced 7,500 units per year.
Soon Hero Cycles started giving well-established players such as Raleigh, Hind Cycles, and Atlas Cycles a run for their money. The hero cycle was comparatively cheaper and was sturdy and reliable. It gave the customers value for their money.
In January 1984, Japan's Honda, the world's largest manufacturer of motorcycles, elicited interest in collaborating with the Hero Group to manufacture motor cycles in India. An agreement was signed and on 13 Apr