History of Hero Group
The Hero Group was founded in 1956 with the launch of Hero Cycles Limited by the Munjal brothers, Dayanand Munjal, Satyanand Munjal, Brijmohan Lall Munjal and O. P. Munjal. Since then, Hero has become synonymous with two-wheelers in India. Hero MotoCorp (formerly Hero Honda Motors Ltd.) is the world’s largest manufacturer of two-wheelers, which was incorporated in 1984.
Hero MotoCorp, an Indian company based in New Delhi, has made innovation the cornerstone of its business model. It has led the way in creating cutting-edge motorbikes and scooters with cutting-edge technology for consumers all over the world. It became the world’s largest two-wheeler manufacturer in 2001 in terms of unit volume sales in a calendar year and has held the coveted distinction for the past 18 consecutive years.
The group companies include Munjal Hospitality, Hero Motors, Hero Global Design, Firefox, ZFH, Hero Cycles, OMA, BSH, Avocet, and Munjal Kirui Industries (Pvt.) Ltd, and SPUR.
Hero Group’s Sector Presence
The group is present in numerous sectors, including:
- Mobility: The group operates under the mobility sector through Hero Cycles, BSH, Avocet, Firefox and UT.
- Automotive: Hero Motors, ZFH, and Munjal Kiriu have supported the group in enhancing its business presence within the sector.
- Engineering: The group operates through SPUR and HGO, which manufacture bicycle components and designing of cycles, respectively.
- Lifestyle: Hero Group serves the lifestyle sector through OMA, a high-end boutique store catering to the needs of home décor.
- Hospitality: Through Munjal Hospitality Private Limited, the group operates Hero Commercial Towers in Gurgaon.
Key Personnel of Hero Group
- Dr. Brijmohan Lall Munjal, Founder
Dr. Brijmohan Lall Munjal was the founder of the Hero Group. He was the archetypal first-generation businessperson. He was a man who began small, had huge dreams, and utilised tenacity and perseverance to build the world's top motorbike and scooter manufacturer as well as one of the biggest corporate groups in the nation. When he and his brothers moved to Ludhiana in 1947, following India's independence from British rule, Dr. Brijmohan Lall Munjal started his business career. The family founded a business that offered bicycles as a means of basic transportation. He included a second, equally important chapter, which depicted the economical and technologically advanced transit that millions of middle-class Indians would have access to three decades later as India developed.
- Dr. Pawan Munjal, Executive Chairman & Whole-time Director
Dr Pawan Munjal is currently the Executive Chairman & Whole-time Director. He is one of India’s renowned corporate leaders, championing growth, socio-economic progress, and technological innovations. With his leadership, Hero MotoCorp achieved the coveted title of the world’s largest manufacturer of motorcycles in 2001 and has successfully retained this position to date – for 22 consecutive years. The company has also surpassed the milestone of 112 million units in cumulative production and sales.
How to Invest in Hero Group Stocks?
To invest in Hero Group stocks via Angel One, follow these steps:
- Log in to your Angel One account.
- Click on the search icon and look for your desired Hero Group stock.
- Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
- To complete your transaction, click on the ‘Buy’ button.
You can track the status of the purchase from the ‘Positions’ section in the ‘Orders’ module. Once the stock is delivered, you can track its gains and losses from your ‘Portfolio.’
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