[5] He died on 1 November 2015 in South Delhi after a short illness. Brijmohan Lall Munjal Net Worth: Brijmohan Lall Munjal is an Indian entrepreneur who has a net worth of $2.8 billion. Brijmohan Lall Munjal, chairman of Hero Honda Motors Ltd., speaks at the opening of the company's new plant in Haridwar, India, on Tuesday, April 8, 2008. The company is also the title sponsor of the 2015 Hockey World League. Munjal’s journey began in 1944 at the age of 20. In 1956, the Punjab Government issued tender notices for twelve new industrial licenses to make bicycles in Ludhiana. brijmohan lal munjal 1. Brijmohan Lall Munjal (Punjabi: ) is an first generation entrepreneur and is one of the richest people in India. Dr. Brijmohan Lall Munjal Founder & Chairman, Hero Group. Kamalia Tehsil: Dr. Brijmohan Lall Munjal 1 July 1923 – 1 November 2015 was an Indian businessman founder and patriarch of the Hero Group. Billion-Dollar Clans: Asia's 50 Richest Families 2016, Mukesh Ambani Retains Top Spot as India's Richest on Forbes List, As India's Richest Make Big Gains, The Entry Price To The Top 100 Touches $1.25 Billion. Munjal passed away at a private hospital in South Delhi, according to family sources. Translations of Brijmohan Lall Munjal Kamalia is now in Pakistan. Brijmohan Lall Munjal Net Well worth: Brijmohan Lall Munjal can be an Indian entrepreneur who includes a net well worth of $2.8 billion. [2], In 1961, Rockman Cycles Industries was established to manufacture bicycle chains and hubs. Dr. Brijmohan Lall Munjal Founder Chairman, Hero Group 1st July, 1923 to 1st November, 2015 You lived your life with a vision. Munjal is survived by his wife Santosh and children Suman Kant, Pawan Kant and Sunil Kant. © 2021 Forbes Media LLC. The list can [...]. The founder and patriach of the $2.2 billon Hero Group is your classic first generation entrepreneur. 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. It opened its first overseas factory in Colombia in September and will be launching 2 new scooter models. Brijmohan Lall Munjal faced many challenges on the way to his dream goal. Hero Group founder Brijmohan Lall Munjal passes away. After completing his formal education he worked at the Army Ordnance Factory. The complete list is available at www.forbes.com/india and www.forbesindia.com. Dr. Munjal was also the Chairman Emeritus of … - Dr. Brijmohan Lall Munjal (1st July 1923 to 1st November 2015) The founder and patriarch of the Hero Group was your classic first generation entrepreneur. He moved to India just before Indian Partition. Pawan Munjal (son) Under Munjal's leadership, Hero Cycles was the first company to export bicycles on such a large scale. With each difficulty, he emerged stronger and patient. Minimum net worth to make the Top 100 rises to a record $1.25 billion  SINGAPORE (September 22, 2016) – Oil and gas tycoon Mukesh Ambani is once again India’s richest person with a net worth of US$22.7 billion. All Rights Reserved, Photo by Sanjeev Verma/Hindustan Times/Getty Images. Nowhere is this phenomenon more [...], Delhi tycoon who controls listed Eicher Motors, run by son Siddhartha, enters the billionaires club. • The founder of the $3.2 billion Hero Group 5. He was 92. Satyanand Munjal (brother) Many of the 29 billionaires who died over the last year have made an enormous impact in the world they've left behind, whether through philanthropy or by creating opportunities for growth or change within their industry. He was one of the greatest institution builders. In 1954, Hero Cycles moved up the value chain by making a shift from supplying to manufacturing handlebars, front forks and chains. He is survived by three sons and one daughter. About him • Brijmohan Lall Munjal was born in 1923 at Kamalia, district Toba Tek Singh in unpartitioned Punjab, British India. Brijmohan Lall Munjal Hero MotoCorp 4. Sohan Lal Munjal (brother) It's been a tough year for those at the top of the subcontinent. Inflation, stock market jitters and a falling rupee made for a turbulent year for India's wealthiest. Hero Cycles was registered as a large-scale industrial unit. Brijmohan Lall Munjal (1 July 1923 – 1 November 2015) was an Indian businessman, founder and the chairman of Hero Motocorp (Hero group of companies). The $4.1 billion (revenues) company has been hit by slowing sales and increasing competition, notably from former partner Honda Motor. ETAuto . The founder and patriarch of the Hero Group, Brijmohan Lall Munjal was a classic first generation entrepreneur and a renowned figure in the automotive industry. He 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 Two Wheeler Company. Lifetime Contribution Award by All India Management Association in 2011, Doctor of Science (Honoris Causa) by IIT, Kharagpur in 2011, Lifetime Achievement for the Asia Pacific Entrepreneurship in 2011, This page was last edited on 5 December 2020, at 03:52. 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,[4] 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. • Annual income INR 11.71 crore. [6], "Amazing story of how Munjal built Hero Honda", http://www.business-standard.com/article/companies/end-of-an-era-brijmohan-lall-munjal-dies-after-brief-illness-115110100779_1.html, "Entrepreneur Of The Year 2010 Lifetime Achievement", https://en.wikipedia.org/w/index.php?title=Brijmohan_Lall_Munjal&oldid=992413587, Recipients of the Padma Bhushan in trade and industry, All Wikipedia articles written in Indian English, Infobox person using certain parameters when dead, Articles with unsourced statements from December 2020, Creative Commons Attribution-ShareAlike License, Awarded Businessman of the Year in 1994 by business magazine, Received the National Award for outstanding contribution to the Development of Indian Small Scale Industry in 1995, In 1999 Featured in Most Admired CEO List of the magazine. Om Prakash Munjal (brother). Sunil Kant Munjal (son), Sadanand Munjal (brother) Brijmohanlal Munjal 2. A rising economy and stock market, lift several fortunes among the top 100. The separation gave an opportunity for Hero to expand its market globally with the name Hero MotoCorp. Xavier Labour Relations Institute (XLRI) conferred Sir Jehangir Ghandy Medal for Industrial Peace in 2000, Featured as Ernst & Young Entrepreneur of the year in 2001, Received the Lifetime Achievement award for Management from the All India Management Association in 2003, Banaras Hindu University, Varanasi conferred him with a doctorate; degree of Doctors of Letters, Lakshya Business Visionary Award by NITIE, Mumbai in 2008, Lifetime Achievement Award by TERI in 2011. dream if you cant fulfill your dreans Brijmohan Lall Munjal is often fond of saying. It is emblematic of a machine that is the gateway to modern, usually urbanized life for those who've escaped poverty in the emerging nations. He was 92,” Hero MotoCorp said in a statement. stake, raising $450 million that they reportedly plan to invest in new ventures. Astride Asia's Ongoing 2-Wheel Transport Revolution, Indian Motorcycle Magnate Vikram Lal Becomes Billionaire On Rising Shares, The Doon School: Grooming Ground For India's Wealthy Kids, India's Richest Lose 20% Of Their Total Wealth. India's Business Hero, Brijmohan Lall Munjal, Dies At 92. His company started little with supplying parts and extra parts … Brijmohan Lall Munjal had business rivals but no enemies, notes Bhupesh Bhandari. Munjal was born in 1923[1] at Kamalia, district Toba Tek Singh in unpartitioned Punjab, British India. Dr. Brijmohan Lall, Founder of Hero Group, passes away. Brijmohan Lall Munjal was not keen to manufacture motorcycles when he was inking an agreement with Honda in the early 1980s. He never gave up during adversity, whatever the magnitude. Previously, it had not been permitted for Hero Honda to sell their bikes outside the Asia Pacific and in countries where Honda operated. To manufacture motor cycles in 1984, the Hero Group started a joint venture with Hero Honda and established a plant at Dharuhera, Haryana. He was 92. B.M. New Delhi - Hero MotoCorp patriarch and doyen of Indian two-wheeler industry, Brijmohan Lall Munjal, passed away this evening after a brief illness. Brijmohan Lall Munjal was born in 1923 at Kamalia of non-partitioned Punjab, British India, now a part of Pakistan. Brijmohan Lall Munjal was one of the greatest institution builders: Arun Jaitley 02 Nov, 2015, 08.24 PM IST "My condolences on the death of Brijmohan Lall Munjal. With profound grief and deep sadness, we regret to inform that the visionary Founder of the diversified Hero Group, Dr. Brijmohan Lall Munjal, passed away here today at 7.05 pm. 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. [citation needed]. In keeping with that spirit, all of us within the family unit unanimously believe that our diversification drive needs a … Brijmohan Lall Munjal had been attending office till just a few months ago, despite touching 92 and not being in the best of health. “With profound grief and deep sadness, we regret to inform that the visionary founder of the diversified Hero Group, Dr Brijmohan Lall Munjal, passed away here today at 7.05 pm. no water can wet this, nor wind dry it. [3], Before entering into a joint venture with the Honda Motors, Munjal started a Majestic Auto and started manufacturing of the Hero Majestic Moped. Suman Kant Munjal (son) He is a man who started small, dreams big used a combinationof grit and preseverance to create one of the countrys largest corporate groups and the Worlds No. • Kamalia is now in Pakistan. Brijmohan Lall Munjal was conferred with the Padma Bhushan in 2005. Pawan Munjal is all set to steer Hero MotoCorp through the many battles ahead with his carefully laid plans. He was born in a simple middle class family. with capital partly financed by the Government of Punjab. Brijmohan Lall Munjal. Brijmohan Lall Munjal (1 July 1923 – 1 November 2015) was an Indian businessman, founder and patriarch of India's largest two wheeler company, the Hero MotoCorp. In February the family sold a small part of their Hero MotoCorp. 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. Indian motorcycle magnate and founder of Hero Group, dies, Hero Motocorp, which emerged from the former Hero Honda, is not only India's but the world's biggest-volume producer of motorized two-wheelers. Dayanand Munjal (brother) Munjal and his brothers participated in the bid and won the contract. 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