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7/26/2019 dr. b. l. munjal
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A BIOGRAPHY OF
AREAL HERO OF INDIA
Dr. B.L.MUNJAL
Prepared By: submitted to:
Ashish Bhuva Miss. Dipali Patel
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A great saying
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introduction
Brijmohan Lall Munjalis an Indian businessman and
the chairman of Hero Group, which include Hero
Cycles and Hero MotoCorp.
He is one of the richest people in India.
He was a founder of $3.2 billion hero group.
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Early life
Brijmohan Lall Munjal was born in 1923 at Kamalia,
in unpartitioned Punjab, British India.
He was from a simple middle-class
Arora/Khatrifamily.
After completing his formal education he worked at
the Army Ordnance Factory.
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Career
At the age of 20, his family sensed partition,
so Brijmohan with his family came to India
and settled in Amritsar. The brothers initially
started a vegetable business in Amritsar.
From that point after working from army
ordinance factory B.L. Munjal also join to their
family business.
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The turning point
Munjal started its family business with hisbrother but their heart they did not like thatbusiness and always wanted to do some thingbig.
At that point bicycle was new vehicle in Indianmarket and specifically in Punjab region.
Bicycle was available but there were no specificfacilities of its parts.
B.L. decided to make it in India because skillworker are available at cheaper rate because theyare from unorganized sector.
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Contniue.
Idea of business came in the mind of mr. Munjal,
he thinks that if I organized him and provide them
employment opprotunity than it is helpful to
both. In 1956,Punjab government, issued tender
notices for new industrial license to produce
bicycles in Ludhiana. They won the contract from Punjab Government
and it was partially financed by Punjab Govt.
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The journey begins
From April 1956, Hero cycle was established. export large number of cycle from India
In 1975, largest manufacturer of bicycle of India.
In 1986, enters into The Guinness Book Of worldrecord as the largest manufacturer of bicycle inthe world.
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A brand new opportunity
A first moped introduce in the indian market
by the Bajaj Group in 1972 called Bajaj
Chetak.
It was a new opportunity for the hero group,
so Mr. Munjal started The Majestic Auto Ltd. in
1973, and started manufacturing Hero
Mejestic Moped in India.
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To manufacture motorcycle in India, due to
lower technological option they started a joint
venture with Honda group of Japan.
Their first model which is most success in its
history was CD 100.
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The end of JV
In Aug 2011, Hero and Hondas JV broke up, itsprovide opportunity to the group to expand itsmarket from its own.
No doubt it is under the chairmanship of Mr.Pavan Munjal but it is an end of a most successfulJV ever in the history of Indian market.
The foundation led by Mr. Munjal became ahistorical building and its construction going onday by day.
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Philanthropic activity
Mr. B.L.Munjal has established BML UNIVRSITY inpartnership with some of the world's mostreputed universities and companies.
The group has established Charitable hospitals,schools and colleges, medical camps, vocationaland skills training for communities around NorthIndia.
Adult Literacy Mission Launched on 21stSeptember, 1999.
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Awards and recognition He was awarded after 10 year of JV with Honda Group as Businessman of the Yearin 1994.
Received the National Award for outstanding contribution to the Development of Indian Small
Scale Industryin 1995.
In 1999 Featured in Most Admired CEOList of the magazine "Business Barons".
Received The Distinguished Entrepreneurship Award from The PHD Chamber of Commerce andIndustry in 1997.
Featured as Ernst and Young Entrepreneur of the yearin 2001.
Received The Lifetime Achievement award for "Management" from All India ManagementAssociation in 2003.
Banaras Hindu University, Varanasi conferred him with a Doctorate; degree of "Doctors of letters"Honoris Causa in October 2004.
Awarded "Padma Bhushan"in March 2005 for his contribution toTrade and Industry in 2005.
Lifetime Achievement Awardby TERIin 2011 (02/02/11).
Lifetime Achievement Awardby Ernst & Youngin 2011 (07/02/11).