Founded 19 January 1984
Founder(s) Dr Brijmohan Lal Munjal
Headquarters New Delhi, India
Area served India, Sri Lanka
Key people Deya Varadh Sens (Chairman)
Pawan Munjal (MD & CEO)
Products Motorcycles, scooters, three-wheeler vehicles
» Hero Moto Corp Ltd. (Formerly Hero Honda Motors Ltd.) is
the world's largest manufacturer of two - wheelers, based in
» In 2001, the company achieved the coveted position of being
the largest two-wheeler manufacturing company in India and
also, the 'World No.1' two-wheeler company in terms of unit
volume sales in a calendar year. Hero MotoCorp Ltd.
continues to maintain this position till date.
» Hero Honda started in 1984 as a joint venture between Hero
Cycles of India and Honda of Japan.
» The joint venture between India's Hero Group and Honda
Motor Company, Japan has not only created the world's single
largest two wheeler company but also one of the most
successful joint ventures worldwide.
» In December 2010, the board of directors of the Hero
Honda Group have decided to terminate the joint venture
between Hero Group of India and Honda of Japan in a
» Under the joint venture Hero Group could not export to
international markets (except Sri Lanka and Nepal) and
the termination would mean that Hero Group can now
» Since the beginning, the Hero Group relied on their
Japanese partner Honda for the technology in their bikes.
» Honda will continue to provide technology to Hero
Honda motorbikes until 2014 for existing as well as
» in August 2011 the company was renamed Hero
MotoCorp with a new corporate identity.
The story of Hero Honda began with a simple vision –
the vision of a mobile and an empowered India, powered by
its two wheelers. Hero MotoCorp Ltd., company's new
identity, reflects its commitment towards providing world
class mobility solutions with renewed focus on expanding
company's footprint In the global arena.
Hero MotoCorp’s mission is to become a global enterprise fulfilling its
customers' needs and aspirations for mobility, setting benchmarks in technology,
styling and quality so that it converts its customers into its brand advocates.
Hero MotoCorp’s key strategies are to build
a robust product portfolio across categories, explore
growth opportunities globally, continuously improve
its operational efficiency, aggressively expand its reach
to customers, continue to invest in brand building
activities and ensure customer and shareholder delight.
The new Hero is rising and is poised to shine on the global arena.
Company's new identity "Hero MotoCorp Ltd." is truly reflective of its vision to
strengthen focus on mobility and technology and creating
global footprint. Building and promoting new brand
identity will be central to all its initiatives, utilizing
every opportunity and leveraging its strong presence
across sports, entertainment and ground-level activation
Hero MotoCorp two wheelers are manufactured
across 3 globally benchmarked manufacturing facilities.
Two of these are based at Gurgaon and Dharuhera
which are located in the state of Haryana in northern
India. The third and the latest manufacturing plant is
based at Haridwar, in the hill state of Uttrakhand.
The Company's growth in the two wheeler market in India is the result of an
intrinsic ability to increase reach in new geographies and growth markets. Hero
MotoCorp’s extensive sales and service network now spans over to 5000
customer touch points. These comprise a mix of authorized dealerships,
service & spare parts outlets, and
dealer-appointed outlets across the country
» The founder and patriarch of the $3.2 billion Hero Group is your classic
generation entrepreneur. He is a man who started small, dreamt big and
used a combination of grit and perseverance to create one of the
corporate groups and the World's No.1 Two Wheeler Company.
» Instinctive from a young age, Brijmohan Lall made a rather unusual start in
life. Around the time when the freedom movement in India was taking
shape in the late 1920s, he walked into a newly opened Gurukul (Indian
heritage school) near his home in Kamalia (now in Pakistan). He was only
six years old then.
» Thus began an extraordinary tale of courage and perseverance. Brijmohan
began his business story after partition in 1947, when he and his brothers
relocated to Ludhiana. The family set up a company that provided poor
people with basic transport (cycles). Three decades later, as India evolved,
he added a second crucial chapter - which visualized affordable and
technologically superior transport to millions of middle class Indians. The
rest is history
» BM Munjal’s own faction is huge. Of his four sons, the eldest, Raman Kant
Munjal passed away at an early age, after having founded hero Honda. Suman
Kant Munjal started Rockman Cycles in 1961. Pawan Kant Munjal, Brijmohan
Munjal's third son took over Hero Honda, and the youngest son Sunil Kant
Munjal heads hero corporate services. Between them they have ten children.
The late Raman Munjal's son Rahul Munjal is the eldest of the ten and has
founded Easy Bill. His brother Abhimanyu Munjal is spearheading special
projects under Hero Corporate. Their sister, Radhika is not in the business.
Suman Munjal's sons Ujjwal and Akshay work in Rickman Cycles and the third,
Vidor is studying. Pawan Munjal's two daughters Vasudha and Supriya have
their own businesses not under the group. His son Annuvrat is still studying.
Sunil Munjal's daughter Shefali works with her father in hero corporate.
"It's as hard running a family as running a business or a family business. We
spend time, energy and efforts running this family as a family," said Rahul
Munjal, MD of Easy bill Ltd
» Mr. Munjal is the Jt. Managing Director of Hero Moto Corp Ltd. And Chairman of
Hero Corporate Service Ltd. Recognized by ‘India Today’ – India’s largest English
newsmagazine, as one of the “Faces of the Millennium” for business
He is responsible for developing growth strategy and implementation of new
business plans for the Group.
» Mr. Sunil Kant Munjal has received Glob Scot Award from the Scottish
Government in Sept., 2012. His name has been inscribed on The Royal Society of
Medicine’s Wall of Honor at London in recognition of his contribution in
Affordable Healthcare as President of Dayanand Medical College & Hospital,
Ludhiana in February, 2013.He is also the President of the Ludhiana Sanskrit
Samagam, an organization that promotes performing arts across North India.
» He is also the Founder Chairman of BML Educorp Services and is the guiding force
behind the BML Munjal University and is playing a key role in helping create a
unique Higher Education Initiative.
» He is an Advisory Board Member of the UK India Business Council.
» He is on the boards of the Indian School of Business at Hyderabad and Mohali. He
is Member of the Board of Governors of IIT, Ropar in Punjab. He also serves on
the President’s Council at the University of Tokyo. He has been appointed by the
Punjab Govt as Chairman of the Board of Governors of Punjab Technical
University, Jalandhar in October, 2012.
» Mr. Munjal was President of Confederation of Indian Industry (CII). He is currently
a member of Prime Minister’s Council on Trade & Industry that regularly interacts
with the Indian Prime Minister on economic issue
» Pawan Munjal belongs to the family that has promoted India’s
$ 5 billion Hero Group of Companies. He is Managing Director
and CEO of Hero Motocorp, a company that produces and sells
motorcycles and scooters. Pawan Munjal heads a company that
was set up in India three decades ago as an equal equity
venture with Honda of Japan. Recently, Hero Motocorp became
India’s first automobile company to cross cumulative
production of 50 million.
» In 2011, Hero and Honda parted ways. According to Pawan
Munjal, when you become this large you want to take your
brand global. You want to be nimble and quick. Munjal
displayed gumption in jettisoning the Honda name in his
branding a mere eight months after the divorce, even though
he could have used it until 2014, when Honda's technology
support ends. Business Today
» Pawan Munjal outlined a slew of aggressive plans that he has
already initiated - the imminent foray into Africa with assembly
lines, spreading operations in more countries in Latin America,
multiple product launches leading up to the festive season, and
a big splash in the coming Auto Expo in Delhi in February 2014.
1. Pawan lives in Delhi, is married, has three children, and is a
mechanical engineer by training.
2. Early life
Pawan Munjal is a second generation member of Munjal
Family, which has its origins in Punjab. He spent his
childhood in Ludhiana. He has a degree in mechanical
engineering from the Regional Engineering College,
Kurushetra in Haryana.
Pawan Munjal joined Hero Honda Motors in the early
1980s as director took over as managing director of Hero
Honda Motors (now Hero Motocorp in 2002. During his
time at the helm, the company’s turnover has gone up from
around $ 1 billion to nearly $ 4 billion. Pawan Munjal has
also successfully overseen the company's successful
transition from Hero Honda to Hero Motocorp in 2011.
When he took over, the company’s products were sold
mostly in India. Today, they sell in ten countries
Mr. Ravi Sud
Sr. Vice President
& Chief Financial
Mr. Anil Dua
Sr. Vice President -
Sr. Vice President -
Head of Operations
& Supply Chain
Dr. Anadi S. Pande
Vice President - HRM,
Corporate Planning &
Mr. Vijay Sethi
Vice President &
Mr. Neeraj Mathur
Vice President -
Strategic Sourcing &
Mr. Harjeet Singh
Vice President &
Vice President &
(Non-executive & Independent Director)
» Mr. Pradeep Dinodia
» Gen. (Retd.) V. P. Malik
» Dr. Pritam Singh
» Mr.M. Damodaran
(Non-executive & Independent Director)
» Gen. (Retd.) V. P. Malik
» Mr. Pradeep Dinodia
» Mr.Ravi Nath
» The Director and Specified employee should
ensure to protect shareholders interest by ensuring
maintenance of accurate and complete records by
avoiding false misleading or artificial entries in the
Books of accounts.
» This Directors' and Specified employees'
Code sets forth guidelines for conduct for the
Board of Directors and Specified employees.
» Corporate & Registered Office:-
Hero MotoCorp Ltd.
34, Community Center, Basant Lok, Vasant
New Delhi- 110057, India.
Tel: +91-11-26142451, 26144121
Fax: +91- 11-261743321, 26143198
Hockey is India's national sport, and Hero is committed to doing its part to
promote and popularize the sport. In 2010, Hero MotoCorp extended its support
to Hockey by sponsoring the ‘Hockey World Cup 2010’ that was held in India. 2
years after this, Hero Motocorp was also the sponsor of the 'FIH Road to London
The company is proud to associate with, and will continue to endorse this great
sport in the future.
Our association with cricket goes a long way. Hero MotoCorp has in the past sponsored major
cricket tournaments in association with International Cricket Council (ICC), including the
cricket World Cup and the Champions Trophy. Hero has also been associated with IPL.
Hero MotoCorp began its association with the prestigious Indian Open Golf tournament in
2005. The tournament has helped catapult the popularity of golf in India. Illustrious golfers
from around the world participate in this annual event, which boasts of the largest prize fund
sanctioned solely by the Asian Tour.
» A company that believes in maintaining ecological standards along
with business standards.
» "We must do something for the community from whose land we
generate our wealth."
- Chairman Dr. Brijmohan Lal Munjal.
» At Hero MotoCorp, our goal isn't limited to business but
encompasses the broader spectrum of serving humanity through
social initiatives. Hero MotoCorp takes a stand as a socially
responsible enterprise respectful of its
» Hero MotoCorp has been strongly devoted not only to
environmental conservation programs but also expresses the
increasingly inseparable balance between economic
concerns, environmental and social issues faced by business. A
business must not grow at the expense of mankind but must serve
humankind at large.
We at Hero MotoCorp have been committed to
demonstrate excellence in our environmental performance on a
continuous basis, as an intrinsic element of our corporate
Excellence in quality is the core value of Hero MotoCorp
philosophy. We are committed at all levels to achieve high quality
in whatever we do, particularly in our products and services
which will meet and exceed customer's growing aspirations
We believe that safe work practices lead to better
business performance, motivated workforce and higher
(Economic Times-Harvard Business School Award for Corporate Performance
to Hero Honda Motors Ltd.)
National Award for outstanding contribution to the Development of Indian
Small Scale Industry (NSIC Award - Presented by President of India).
» Ranked 4th in 'Overall Best Managed Company' category, ranked 3rd in
'Best Financial Management' and 'Best Operational Efficiency'
category, ranked 6th in 'Overall Best Investor Relations' category, by Asia
» GVC Level 1 (Highest Rating) by CRISIL for Corporate Governance.
ICSI National Award for Excellence in Corporate Governance 2004 by The
Institute of Company Secretaries of India.
No. 1 in automobile industry by TNS Corporate Social
NDTV Profit Business Leadership Award 2008 - Hero
Honda Wins the Coveted "NDTV Profit Business
Leadership Award 2008"
» Splendor & Passion - Top two models in two wheeler
category by ET Brand Equity Survey 2006.
» Hero Honda Splendor rated as India's most preferred two-
wheeler brand at the Awaaz Consumer Awards 2006.
» The NDTV Profit Car India & Bike India Awards 2006 in
the following category: Bike Maker of the Year
» Bike of the Year - Achiever (up to 150 cc category)
» Bike of the Year - Glamour (up to 125 cc category)
Bike of the Year" - CBZ X-treme (up to 150 cc category)
» "Bike Technology of the Year" - Glamour PGM FI
Top Gear Design Awards 2008 - Hunk wins Bike of the Year.
» NDTV Profit Car India & Bike India Awards - Bike Manufacturer of the year
Won Gold in the Reader's Digest Trusted Brand 2009 in the 'Motorcycles' category
NDTV Profit Business Leadership Awards 2009 - two-wheeler categoryRated as Top
Indian Company in Automobile - Two Wheelers sector by Dun & Bradstreet - Rolta
Corporate Awards 2009
» Most Preferred Brand of Two-Wheelers" award at the CNBC Awaaz Consumer
» Adjudged at top of the two-wheeler category in the Brand Equity Most Trusted
Brands 2010 Survey.
» Ranked No. 3 Most Trusted Brand across categories amongst Young Adult Males
» "Best Activity Generating Short or Long-Term Brand Loyalty" by the Promotion
Marketing Award of Asia Order of Merit for Hero Good Life
» Ranked No 1 brand in the Auto (Two-Wheelers) category in the Brand Equity "Most
Trusted Brand" 2011 survey
» Two-wheeler Manufacturer of the Year award by Bike India magazine.
» Business Leader in Automobiles (two-wheelers) at the NDTV Profit
Business Leadership Awards 2012 (Conferred upon Mr. Pawan Munjal)
» Best value for Money Bike Maker and Best Advertising in Two Wheelers
Category at the Auto India Best Brand Awards 2012
» Digital Advertiser of the year at the Indian Digital Media Awards (IDMA)
» Business Technology Innovation Awards 2012
» Green Pioneer Award - 2013
» "Business Leader of the Year" Award by Hon'ble President of India, Shri.
Pranab Mukherjee, at the AlMA Managing India Awards 2013 on April
11, 2013 (Conferred on Mr. Pawan Munjal)
» "Business Leader of the Year" Award in the Auto (Two Wheelers)
category by Deputy Chairman of the Planning Commission Mr. Montek
Singh Ahluwalia, at the NDTV Business Leadership Awards 2013
(Conferred on Mr. Pawan Munjal)