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Glance on Pawan Munjal
Pawan Munjal took his ancestral business to glorious heights with lots of hard work and smart efforts. At present, he serves as the chairman, Managing Director as well as CEO of Hero MotoCorp which is an esteemed company of two-wheelers started by his father Brijmohan Lal Munjal. Hero is the largest two-wheeler company all over the world. He ranked under one of the most powerful people on the 2017 list.
Qualification Background
He has covered his primary studies from The Doon School. Further, he had carried on his studies from the National Institute of Technology Kurukshetra. He is a mechanical engineer by profession and passion. He is also a member of the executive board at the Indian School of Business.
Great Support to Ancestral Business
Brijmohan Lal founded the Hero MotoCorp on 19 January 1984 which mainly deals in motorcycles and scooters. Pawan’s father dreamt to develop a vehicle that would satisfy the needs of transport for the poor class.
Along with his brothers, he traveled from Kamalia, Pakistan to Amritsar, Punjab as well started working on designing a two-wheeler. He migrated to Ludhiana and started selling cycle spare parts. Along with selling cycle parts, they started manufacturing cycle parts and their company was named Hero cycle limited. In upcoming years Punjab Government granted them a license to manufacture the cycle and it was proved as a turning point. They started with manufacturing 25 cycles and with determination as well as government funding the manufacturing rate crossed lakhs. Soon they get received a call telling them that they were the biggest cycle manufacturers. Fortunately, the company succeeds giant companies like Hind, Atlas many more. The company raised dramatically from 16 ranks to 5 ranks.
Market Entrance of Hero Majestic Company
After this, they established another two-wheeler company named Hero Majestic company which dealt with a Majestic scooter. They started a joint venture with Honda. After that Hero, Honda emerged a great status in the works of bikes. But unfortunately, a separation was held between Hero and Honda company. But Hero even though achieved victories. He died on 1 November 2015 in South Delhi.
After his death, his beloved son took over the hold in charge and responsibilities on his shoulders. He joined Hero Honda Motors in the early 1980s as a director. He also serves as Work executive of Majestic Auto.
Pawan Munjal expanded his ancestral family business by emerging as the Largest Bicycle manufacturer all over the world recorded in Guinness’s book. Munjal created a monopoly of two-wheeler markets by having a healthy competition with Bajaj. He succeeded in the transformation of Hero Honda into Hero MotoCorp in 2011. Now the company has a great expansion in export as well as the company has acquired the status globally by expanding productions to various countries like Bangladesh and Columbia. Thus it all shows that under the supervision of Pawan company has shown an engrossing boost up growth.
Besides these, he handled the apex bodies of the Indian automobile sector by giving his valuable contribution. He even had valuable contributions in technology & innovation, sports as well as affirmative action. He had also been a member of the World Economic Forum.
Personal Life
Pawan currently is a resident of Delhi. He was born Ludhiana in the year 1956 to Brijmohan lal Munjal and mother Santosh Munjal. Munjal belongs to Punjab as well as he spent his childhood in his hometown Ludhiana. He was the third child.
Currently, he is 61 years old. His sibling was the Late Raman Kant, and Sunil Kant Munjal. Sunil is chairman of the board of Governors of the Indian Public School society. He is married and is blessed with three children. Munjal is a second-generation member of the Munjal family.
Net Worth
When Brijmohan left this world he left the company worth 40 crores behind which achieved glorious heights under the guidance of Pawan Now, His real-time net worth is $3.2billion or $32M. The company earns total revenue of Rs.31,517 crore as well as have a net income of 2982 crore.
Awards and Honors
Munjal is listed #54 under India’s Richest in the year 2021 as well as Billionaires #655 in the year 2021. He has received ET Awards 2020. He is the recipient of top honors as Business leader of the year as well as The Economic Times award for corporate Excellence 2020.
Hard Work and Luck
Pawan strongly believes that a bit of luck and lots of hard work when are put together result in magical growth or supreme result. Thus he is a boost of inspiration to all, inspiring that never give up on hard situations whereas always try to become better by learning from hard times.
The inspirational story of Pawan Munjal is a boost of inspiration and motivation that if you want a change in society it must have to be started by you.
