Hero Motors Company

Last updated

Hero Motors Company
Company type Private
Founded2007;17 years ago (2007)
Headquarters Gurugram, Haryana, India
Key people
 Pankaj M Munjal [1] [2]
ProductsBicycles, scooters, motorcycles
Revenue₹26 billion (US$310 million) 2017-2018 [3] [4]
Total assets ₹76.40 billion (US$920 million) [2]  (2017-2018)
Number of employees
7610
Website hmcgroup.co.in

Hero Motors Company (HMC) is an Indian multinational business conglomerate controlled by Pankaj M Munjal. [5] [6] The HMC family [1] [7] is made up of organisations such as Hero Cycles, Avocet Sports (UK), [8] BSH (Sri Lanka), Firefox, [9] Spur, [10] HGD, [11] Hero Motors, [12] Munjal Hospitality, [13] [14] Munjal Kiriu, [15] ZF Hero [16] and OMA. [17]

Contents

Plants

See also

Related Research Articles

<span class="mw-page-title-main">Hero MotoCorp</span> Indian two-wheeler manufacturing company

Hero MotoCorp Limited is an Indian multinational motorcycle and scooter manufacturer headquartered in Delhi. It has a market share of about 30% in the Indian two-wheeler industry. The Munjal family, with its 34.75% stake, is the biggest shareholder in the company as of 2024.

Hero Cycles Limited, based in Ludhiana, Punjab, is an Indian company that manufactures bicycles and bicycle related products. Pankaj M Munjal is the chairman and managing director of Hero Cycles.

The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales.

<span class="mw-page-title-main">Kumar Mangalam Birla</span> Indian industrialist

Kumar Mangalam Birla is an Indian billionaire businessman. He is the chairman of the Aditya Birla Group, one of the largest conglomerates in India. He is the chancellor of the Birla Institute of Technology & Science, Pilani and ex-chairman of Indian Institute of Management Ahmedabad. In 2023, Birla received the Padma Bhushan, the third highest civilian honour in India.

Tata Technologies Limited is an Indian multinational technology company engaged in product engineering, that provides services to automotive and aerospace original equipment manufacturers as well as industrial machinery companies. It is a subsidiary of Tata Motors.

<span class="mw-page-title-main">Vibrant Gujarat</span> Biennial investors summit in Gujarat, India

Vibrant Gujarat, also referred to as Vibrant Gujarat Global Summit, is a biennial investors' global business event that is held in the state of Gujarat, India. The event is aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers; the summit is advertised as a platform to understand and explore business opportunities in Gujarat. The summit's primary objective is to promote Gujarat as an attractive investment destination and to facilitate partnerships and collaborations across different sectors. Summit began in 2003 and is now held every two years.

<span class="mw-page-title-main">Economy of Gujarat</span>

The economy of Gujarat, a state in Western India, is the most industrialised in India, having the highest industrial output of any state in the union. It has the highest exports of any Indian state, accounting for 33% of all Indian exports in 2022–23. It leads in diverse industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering. It has the highest Electricity Production Capacity and Maritime Port Cargo Volume among all states in India. It also has significant agricultural production with major agricultural produce of the state being cotton, groundnuts (peanuts), dates, sugar cane, milk and milk products. Gujarat recorded the lowest unemployment rate in India in 2022, with 4.4% of the labour force being unemployed.

IRB Infrastructure Developers Limited is an Indian highway construction company. It was incorporated in 1998, with its headquarters in Mumbai. It is part of the IRB Group and headed by Virendra Dattatraya Mhaiskar. The company primarily operates build-operate-transfer (BOT) road projects. Currently, it has about 3,404 lane km operational and about 2,330 lane km under development. Among its notable projects are the Mumbai-Pune Expressway and the Ahmedabad-Vadodara Expressway.

<span class="mw-page-title-main">Adani Power</span> Indian multinational Electricity company in Ahmedabad, India

Adani Power is an Indian multinational power and energy company, subsidiary of Adani Group and based in Khodiyar in Ahmedabad, India. It is a private thermal power producer, with a capacity of 15,250 MW and operates a mega solar plant of 40 MW at Naliya, Bitta, Kutch, Gujarat. Adani Godda Power is implementing a 1,600 MW plant at Jharkhand. The company has signed long term power purchase agreements of about 9,153 MW with the government of Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, and Punjab.

Poonawalla Fincorp Limited is an Indian non-banking financial company (NBFC) engaged in consumer and MSME financing. It is headquartered in Pune and is part of the Cyrus Poonawalla Group.

Om Prakash Munjal was an Indian businessman, poet and philanthropist. He was the founder and chairman of Hero Cycles, the world's largest integrated bicycle manufacturing company by volume and Hero Motors, an Indian two-wheeler components manufacturer, and ventured into newer business fields including luxury hotels and four-wheeler components. He is also known for philanthropic activities of running various schools and hospitals. He died on 13 August 2015 at DMC Hero Heart Centre, Ludhiana.

<span class="mw-page-title-main">Cadila Pharmaceuticals</span> Indian pharmaceutical company

Cadila Pharmaceuticals is an Indian multinational pharmaceutical company based in Ahmedabad. The company's operations focus on manufacturing products ranging from active pharmaceutical intermediates, finished formulations, food supplements, biotechnology products and pharmaceutical machinery.

<span class="mw-page-title-main">Surya Roshni</span> Indian multinational manufacturer

Surya Roshni Limited is an Indian multinational company headquartered in Delhi that produces fans, steel, lighting, LED, kitchen appliances and PVC pipes. Surya exports its products over 44 countries and is one of the top manufacturers of LED lights in India.

<span class="mw-page-title-main">Pankaj M Munjal</span> Indian businessman

Pankaj M Munjal is an Indian businessman, and chairman and managing director of Hero Cycles Limited, based in Punjab, India, taking over the company from his father in 2015.

<span class="mw-page-title-main">IDFC First Bank</span> Indian private sector bank

IDFC First Bank is an Indian private sector bank based in Mumbai. Founded in 2015 as a banking subsidiary of IDFC Limited, it shifted focus from infrastructure financing to retail banking in the years after its 2018 merger with Capital First. In 2024, the bank took over the parent company IDFC Limited in a reverse merger.

SBI General Insurance Company Limited is a general insurance company founded in 2009. It started operations in 2010 and is headquartered in Mumbai, India.

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission company headquartered in Ahmedabad. Currently, it is one of the largest private sector power transmission companies operating in India. As of July 2020, the company operates a cumulative network of 12,200 circuit kilometers, and more than 3,200 circuit kilometers are under various stages of construction.

India Grid Trust (IndiGrid) is an Indian power sector infrastructure investment trust (InvIT), sponsored by KKR & Sterlite Power (SPTL). Established on 21 October 2016, the entity is registered with SEBI pursuant to the InvIT regulations to own power transmission and renewable assets. Harsh Shah is the CEO and Director of IndiGrid and Jyoti Kumar Agarwal is the CFO.

<span class="mw-page-title-main">Sunil Kant Munjal</span> Businessman from India

Sunil Kant Munjal is an Indian businessman and the chairman of Hero Enterprise. He is the founder of India's Serendipity Arts Festival, and chairman of the board of governors of The Doon School. He is the youngest son of Brijmohan Lall Munjal. In 2014, Munjal founded the BML Munjal University and is its chancellor.

<span class="mw-page-title-main">Brijmohan Lall Munjal</span> Indian businessman

Brijmohan Lall Munjal was an Indian entrepreneur and the founder of Hero Group.

References

  1. 1 2 PTI (20 July 2015). "Hero Motors Group elevates Pankaj Munjal as CMD". The Hindu. Retrieved 19 March 2021.
  2. 1 2 Bhandari, Bhupesh; Mukherjee, Sharmistha (3 March 2012). "The cycle king". Business Standard India. Retrieved 19 March 2021.
  3. ↑ "HMC revenue reaches to INR 2600 Cr". epaper.bhaskar.com. 27 December 2017. Retrieved 27 December 2017.
  4. ↑ "HMC revenue expected to reache INR 2600 Cr". dainiksaveratimes.epapr.in. 27 December 2017. Retrieved 27 December 2017.
  5. ↑ "Hero Cycles Ltd". Herocycles.com. Archived from the original on 7 August 2011. Retrieved 10 August 2011.
  6. ↑ "Hero Cycles & other group companies elevate Pankaj Munjal as new Chairman & MD". The Economic Times. 20 July 2015. Retrieved 20 July 2015.
  7. ↑ "Hero Group: How embarrassment led to the creation of world's largest bicycle empire". entrepreneur.com. 1 October 2015. Retrieved 19 March 2021.
  8. ↑ PTI (22 November 2016). "Hero Cycles plans to set up global design centre in UK". The Hindu Businessline. Retrieved 19 March 2021.
  9. ↑ Raj, Amrit (18 September 2015). "Hero Cycles buys Firefox Bikes for Rs 150 crore". Mint. Retrieved 19 March 2021.
  10. ↑ "Hero Cycles Q&A". bikebiz.com. 9 June 2016. Retrieved 19 March 2021.
  11. ↑ "GLOBAL BIKE MANUFACTURER UNVEILS £2M MANCHESTER DESIGN CENTRE". bqlive.co.uk. 30 January 2017. Retrieved 19 March 2021.
  12. ↑ Behl, Mohit (14 October 2016). "Hero Cycle Group's transmission division to supply gears to Ducati". The Times of India. Retrieved 19 March 2021.
  13. ↑ Mookerji, Nivedita; Chitravanshi, Ruchika (17 May 2012). "Hero's hospitality foray begins with Marriott deal". Business Standard India. Retrieved 19 March 2021.
  14. ↑ Tiwari, Ashish K. (6 September 2011). "Hero Group putting up a Rs650 crore hotel in Gurgaon". DNA India. Retrieved 19 March 2021.
  15. ↑ Das, Sohini (20 September 2017). "Munjal Kiriu Industries commissions new auto component plant in Gujarat". Business Standard India. Retrieved 19 March 2021.
  16. ↑ "ZF Hero Chassis System inaugurates new plant". indiancarsbikes.in. 26 September 2015. Retrieved 19 March 2021.
  17. ↑ "Hero Motors launches AUMA, enters restaurant business". Business Standard India. 3 November 2011. Retrieved 19 March 2021.
  18. ↑ PTI (22 April 2017). "Hero Cycles eyes setting up Rs. 400 cr". The Hindu Businessline. Retrieved 19 March 2021.
  19. ↑ PTI (12 August 2013). "Hero Cycles opens aluminium cycle unit at Ghaziabad". The Hindu Businessline. Retrieved 19 March 2021.
  20. ↑ "Investment pedals in with Hero". Telegraph India. 27 August 2014. Archived from the original on 29 August 2014. Retrieved 19 March 2021.
  21. ↑ "Hero Cycles' Lankan acquisition to serve as gateway for exports to Europe & high-end bicycles to India". Business Today. 4 May 2016. Retrieved 19 March 2021.
  22. ↑ Bajad, Kiran (6 October 2016). "ZF goes all out to increase localisation". Autocar Pro. Retrieved 19 April 2021.
  23. ↑ "ZF sets up Plant in Pune, India for heavy truck transmissions". machinist.in. 27 October 2010. Retrieved 19 March 2021.
  24. ↑ PTI (1 October 2015). "ZF Hero starts assembling chassis for BMW". The Economic Times. Retrieved 19 March 2021.
  25. ↑ "Hero Motors sells 17.6% stake in Munjal Kiriu Industries". The Hindu. 14 February 2011. Retrieved 19 March 2021.
  26. ↑ ANI (21 September 2017). "Hero Motors invests Rs. 150Cr, installs new manufacturing unit under joint venture with Kiriu, Japan". Hans India. Retrieved 19 March 2021.
  27. ↑ "HeroMotors-led casting venture commissions ₹150-crore plant in Gujarat". The Hindu Businessline. 20 September 2017. Retrieved 19 March 2021.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.