Tamilnadu govt staff set to get bonanza

Chennai: Chief Minister Edappadi K Palaniswami today announced formation of a committee to...... Read More >>

Talk on epic character Bhishmar

Chennai: Writer P N Parasuraman will deliver a talk on epic character Bhishmar as part of '...... Read More >>

Overcoming trauma to become donor

Chennai: It is not easy to take a decision at any point in life but the most difficult must be to...... Read More >>

Aguero stars as Man City sink Monaco in thriller

Manchester: Sergio Aguero starred as Manchester City beat Monaco 5-3 in a breathless and...... Read More >>

Shooters impress new foreign rifle coach

New Delhi: They may not have been setting the stage ablaze in recent times but newly-appointed...... Read More >>



Hero Cycles founder Munjal passes away

Thursday, 13 August 2015

Ludhiana: Industrialist OP Munjal, chairman emeritus of Hero Cycles and one of the founders of the Hero Group, passed away today after a brief illness.

Munjal (87) breathed his last at the DMC Hero Heart Centre, his family said, adding the last rites will be performed tomorrow.

Faced with health-related issues for the past few months, Munjal had retired from active role in the business last month and his son Pankaj Munjal succeeded him as the chairman and managing director of the Hero Motors group.

Munjal along with his three brothers Brijmohan Lall Munjal, Dayanand Munjal and Satyanand Munjal started bicycle spare parts business in Amritsar in 1944.

Subsequently, they moved their base to Ludhiana naming the company ‘Hero’ and set up India’s first bicycle manufacturing unit in 1956.

During the ‘80s Hero Cycles became the largest bicycle manufacturer by volume in the world. Munjal, who led Hero Cycles for almost 60 years, also helped the company in diversifying to other businesses such as auto parts manufacturing and hospitality.

Under his leadership, the company grew from a bicycle maker to a Rs 3,000-crore industrial house. He also served as the president of All India Cycle Manufacturers’ Association.

A recipient of many national honours, Munjal was also known as a philanthropist. He supported several educational institutions and hospitals across India.

He is survived by a son, four daughters and 10 grandchildren.

Today's E-Paper


Is Alagiri meeting Karunanidhi a good sign?