Brijmohan Lall Munjal’s profile picture

Brijmohan Lall Munjal

Brijmohan Lall Munjal’s profile picture
Net worth 2018: $3.8 Billion
Industry: Automotive
Country: India
BirthDay: 1 July 1923
Sigh: Leo
Died On: 01/11/2015
Children: 4
BIOGRAPHY

Brijmohan Lall Munjal was bornon 1 July 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.

NET WORTH STATISTIC
2011

$1.5 Billion

2012

$2.9 Billion

2013

$2.2 Billion

2014

$2.4 Billion

2015

$3.8 Billion

2018

$3.8 Billion

TIMELINE
2015

He died on 1 November 2015 in South Delhi after a short illness

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

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

2002

The Hero Group became so large that by 2002 it had sold 8

1986

By 1986, Hero Cycles entered the Guinness Book of Records as the largest manufacturers of bicycles in the world

1984

To manufacture motor cycles in 1984, the Hero Group started a joint venture with Hero Honda and established a plant at Dharuhera, Haryana

1975

In 1975, the company had become the largest bicycle manufacturer in India

1961

In 1961, Rockman Cycles Industries was established to manufacture bicycle chains and hubs

1956

In 1956, the Punjab Government issued tender notices for twelve new industrial licenses to make bicycles in Ludhiana

1954

In 1954, Hero Cycles moved up the value chain by making a shift from supplying to manufacturing handlebars, front forks and chains

1923

Munjal was born in 1923 at Kamalia, district Toba Tek Singh in unpartitioned Punjab, British India

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