In February the family sold a small part of their Hero MotoCorp. After completing his formal education he worked at the Army Ordnance Factory. [2], In 1961, Rockman Cycles Industries was established to manufacture bicycle chains and hubs. 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. • The founder of the $3.2 billion Hero Group 5. with capital partly financed by the Government of Punjab. Dr. Munjal was also the Chairman Emeritus of … Brijmohan Lall Munjal Founder director and chairman, Hero Motocorp Age: 90 Interests outside of work: Yoga, movies Why he won this award: For building Hero Group into the world’s largest cycle-maker and Hero Motocorp into the world’s largest two-wheeler manufacturer (by volume) and now rebuilding it after the breach with Honda Brijmohan Lall Munjal is no stranger… Hero Cycles was registered as a large-scale industrial unit. India's Business Hero, Brijmohan Lall Munjal, Dies At 92. 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. stake, raising $450 million that they reportedly plan to invest in new ventures. Brijmohan Lall Munjal is founder of Hero Group, whose HeroMotoCorp, the nation's largest motorcycle-maker, has lately ceded some ground to rivals such as … Dayanand Munjal (brother) 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. The complete list is available at www.forbes.com/india and www.forbesindia.com. The separation gave an opportunity for Hero to expand its market globally with the name Hero MotoCorp. It's been a tough year for those at the top of the subcontinent. He was born in a simple middle class family. Kamalia Tehsil: Dr. Brijmohan Lall Munjal 1 July 1923 – 1 November 2015 was an Indian businessman founder and patriarch of the Hero Group. He is survived by three sons and one daughter. “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. Brijmohan Lall Munjal Net Well worth: Brijmohan Lall Munjal can be an Indian entrepreneur who includes a net well worth of $2.8 billion. Previously, it had not been permitted for Hero Honda to sell their bikes outside the Asia Pacific and in countries where Honda operated. After completing his formal education he worked at the Army Ordinance Factory, before moving his base to India after partition. © 2021 Forbes Media LLC. With each difficulty, he emerged stronger and patient. All Rights Reserved, Photo by Sanjeev Verma/Hindustan Times/Getty Images. In 1954, Hero Cycles moved up the value chain by making a shift from supplying to manufacturing handlebars, front forks and chains. Lifetime Achievement Award by Ernst & Young in 2011. Dr. Brijmohan Lall, Founder of Hero Group, passes away. He was 92,” Hero MotoCorp said in a statement. 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. Dr. Brijmohan Lall Munjal Founder & Chairman, Hero Group. May God bless the departed soul," he tweeted. Tragedy struck the Munjal family with the death of Dayanand Munjal- a fatherly figure for the family. 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. By 1986, Hero Cycles entered the Guinness Book of Records as the largest manufacturers of bicycles in the world. The list can [...]. Under Munjal's leadership, Hero Cycles was the first company to export bicycles on such a large scale. 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