Who could have believed that one day a cycle-man will establish a prominent name in the automobile sector????
There are so many examples of business tycoons in our country but today I am going to brief the success story of a cycle man who used to make cycle body parts and now-a-days running “Munjal group of companies”. Munjal Group of Companies joint ventures are running smoothly and reporting unprecedented success and profitability.
Munjal recalls, "In Ludhiana, there is this community called Ramgarhias. They are born artisans. There they had already started manufacturing certain parts and when some people like us, who had the capability of bringing them the samples and the possibility of selling them -- it became a very beautiful combination -- their technology and our commercial strength."
With an excellent track record of multiple tie-ups and growth, the Hero Group has always relied on technologies developed by international companies. Munjal group of companies has collaborated with 4 companies so far, Honda and Kiriu are two of them. After establishing their set up in automobile sector with the support from MNC’s now they are running their own group successfully in India and abroad.
Immediately after the launch of Hero Cycles, the youngest of the four brothers Omprakash was given the crucial task of putting a dealer network in place. This was a very significant step that gave Hero Cycles an edge over existing competition like Raleigh and Atlas Cycles.
So, from the by lanes of Ludhiana to the highways of international fame, 83-year-old Brijmohan Munjal is stabilized in his dedication towards his work. He built it all with his hard work, nurtured his dreams and fulfilled them.
With the widespread network of 5,000 dealers across the country, the Hero Group today is a business tycoon with an annual turnover of Rs 10,000 crore. Highs and lows, rewards and backlashes have all been a part of the Hero Group's corporate story, but downfalls didn't discourage them, nor did losses kill their spirit of entrepreneurship.
This is only one story I have briefed here but there are so many stories and there are so many entrepreneurs who have served greatly in building our nation’s economy and given rise to employment in our country. There are many such success stories and it feels proud that amidst all the chronicles of corruption here and there, we do get to hear some positive things too.
More such Stories on Litmus News