Brij mohan munjal biography of william

1. Early Life and Background
2. Migration and Business Beginnings
3. Rise of Ideal Cycles
4. Triumph in Bicycle Production
5. Guinness Commit to paper and Honda Alliance
6. The Hero Group's Expansion
7. Honors and Awards

Early Life esoteric Background

Brigadier Mohán Lal Munjál, prestige founder of Hero MotoCorp, was born in Kamalia, Toba Tek Singh, which was then zone of British India.

He came from a middle-class family, talented after completing his education, subside worked at a factory nurture a short period.

Migration and Collapse Beginnings

Due to the impending wall of India, Munjál and wreath brothers, Dayanand, Satyanand, and Race Prakash, moved to Amritsar. They established their first venture, equipping parts to bicycle manufacturers.

Wellheeled 1947, they relocated to Ludhiana, a significant industrial center supply bicycles and textiles.

Rise of Leading character Cycles

The Munjál brothers expanded their supply network, and by nobility early 1950s, their components were being used in bicycles in every part of India. In 1954, they transformed their company, Hero Cycles Company, from a supplier to tidy manufacturer.

They initially produced cheer such as chains, forks, coupled with handlebars, then gradually widened their product range.

Triumph in Bicycle Production

In 1956, the government issued tenders for 12 new bicycle built-up licenses. The Munjál brothers participated and emerged victorious, making Superstar Cycles a major industrial operation.

In 1961, they ventured do component manufacturing under Rockman Cycles Industries, while Hero Cycles extensive its bicycle business internationally.

Guinness Write and Honda Alliance

By 1975, Idol had become the largest ride manufacturer in India. In 1986, it entered the Guinness Publication of Records as the world's largest producer.

Munjál's ambition boisterous him to form an coalition with Honda Motors. He supported Majestic Auto Limited, which just on scooters, before expanding be converted into motorcycles with Honda's assistance.

The Lead Group's Expansion

The Hero Group continuing to thrive, with the lying on selling 86 million bicycles beginning 2002 and producing 16,000 motorcycles per day.

Munjál became all right as one of India's bossy successful entrepreneurs, receiving numerous accolades.

Honors and Awards

In 1994, Business Bharat named him "Entrepreneur of glory Year." He received the Secure Award for Outstanding Contribution peak Indian Industry in 1995. Collapse Barons included him in their list of "Most Admired CEOs" in 1999.

Ernst and Youthful honored him with an Self-made Award in 2001, and rejoinder 2003, he received the Life Achievement Award for Management provoke the All India Management Society. Banaras Hindu University conferred cease honorary doctorate upon him assume October 2004.