The spirit to manufacture outstanding products and to manage the perfect balance of fine quality and engineering satisfaction is the philosophy that drives the wheels of progress for Hero Group and its Companies.
With Dr. Brij Mohan Lall Munjal as the Group Chairman, the $5.1 billion Hero Group is led by a first generation business entrepreneur of the 1950s’. After the India-Pakistan partition, the Munjal brothers started a small business manufacturing bicycle components at Ludhiana in North India.
The Hero Group which started out in 1956 as a small bicycle-component manufacturing unit today ranks amongst the top business houses in India with its age long experience in delivering outstanding Products & Services with well-founded commitment to serve the community and foster customer satisfaction.
Recognized and respected as amongst India’s best in the automotive manufacturing sector, the Hero Group has joint ventures, alliances and technical collaborations with renowned international companies. The Hero Group’s management style has been internationally acclaimed by leading institutions like, INSEAD France, London Business School, World Bank and BBC. The Hero Group is known for offering innovative quality products at prices that makes the economics work for its customers. Constant technology up-gradation ensures that the Group stays in the global mainstream and maintains its competitive edge.
The reason for continued success and repute for the Group and its allied businesses is the basic value system followed by all promoters, stakeholders, employees and partners focused on relationship building and management. Trust, support and nurturing relationship is an integral part of the grooming of each employee as well as partners and vendors.
The Hero Group structure has three cornerstones through which it has contributed to Indian Industry i.e. automotive manufacturing, Services and Auto-Ancillary Businesses.
For the above mentioned reasons and others relating to operational efficiency and customer satisfaction, Hero Group ranks amongst the Top 10 Indian Business Houses of India and the management has acquired a number of accolades and achievements over the years.
Besides the flagship company Hero MotoCorp Ltd. which is the world’s largest motorcycle manufacturer, the other companies in the Hero Group are:
- Hero Corporate Services Limited
- Hero Steels Limited
- Hero Mindmine Institute Limited
- Hero homes
The Group has a strong foundation of highly-experienced professionals, strong quality systems and value based business philosophy.