Brijmohan Lall Munjal

About Brijmohan Lall Munjal

Birth Day: July 01, 1923
Birth Place: India
Died On: 1 November 2015(2015-11-01) (aged 92)\nNew Delhi, India
Birth Sign: Leo
Occupation: Founder and chairman of the Hero MotoCorp
Spouse(s): Santosh Munjal
Children: Four sons, one daughter

Brijmohan Lall Munjal Net Worth

Brijmohan Lall Munjal was bornon July 01, 1923 in India. Brijmohan Lall Munjal, founder of Hero MotoCorp., India's biggest motorcycle maker, ceded title of chairman to son Pawan in June, though he remains chairman emeritus. The $4.1 billion (revenues) company has been hit by slowing sales and increasing competition, notably from former partner Honda Motor. It opened its first overseas factory in Colombia in September and will be launching 2 new scooter models. In February the family sold a small part of their Hero MotoCorp. stake, raising $450 million that they reportedly plan to invest in new ventures. Tiger Woods is Hero's global brand ambassador. The company is also the title sponsor of the 2015 Hockey World League.
Brijmohan Lall Munjal is a member of Automotive

💰 Net worth: $3.8 Billion

2011 $1.5 Billion
2012 $2.9 Billion
2013 $2.2 Billion
2014 $2.4 Billion
2015 $3.8 Billion
2018 $3.8 Billion

Biography/Timeline

1923

Munjal was born in 1923 at Kamalia, district Toba Tek Singh in unpartitioned Punjab, British India. Kamalia is now in Pakistan. He was from a simple middle-class Arora/Khatri family. After completing his formal education, he worked at the Army Ordnance Factory, before moving his base to India after partition.

1954

In 1954, Hero Cycles moved up the value chain by making a shift from supplying to Manufacturing handlebars, front forks and chains. In 1956, the Punjab Government issued tender notices for twelve new industrial licenses to make bicycles in Ludhiana. Munjal and his brothers participated in the bid and won the contract. Hero Cycles was registered as a large-scale industrial unit. with capital partly financed by the Government of Punjab.

1961

In 1961, Rockman Cycles Industries was established to manufacture bicycle chains and hubs. Under Munjal's leadership, Hero Cycles was the first company to export bicycles on such a large scale. In 1975, the company had become the largest bicycle manufacturer in India. By 1986, Hero Cycles entered the Guinness Book of Records as the largest manufacturers of bicycles in the world.

1984

Before entering into a joint venture with the Honda Motors, Munjal started a Majestic Auto and started Manufacturing of the Hero Majestic Moped. To manufacture motor cycles in 1984, the Hero Group started a joint venture with Hero Honda and established a plant at Dharuhera, Haryana. The Hero Group became so large that by 2002 it had sold 8.6 million bicycles, and was producing 16,000 motorcycles a day.

2011

After the Hero Honda Motors joint venture broke up in August 2011, Hero's board of Directors agreed to pay royalties to Honda to continue to produce the Hero Honda until 2013, due to the popularity and ubiquity of the Hero Honda brand in the Asia Pacific region as Hero Honda Brand was trusted among the best in the Product reliability and customer satisfaction.

2013

In the first week of August 2013, the company recorded a benchmark never before reached by an Indian two-wheel vehicle industry manufacturer, by producing 50 million bikes.

2015

Brijmohan was married to Santosh and had five children: Raman Kant (deceased), Suman Kant, Pawan Kant, Sunil Kant and a daughter, Geeta Anand. He died on 1 November 2015 in South Delhi after a short illness.