Biography of om prakash munjal
Om Prakash Munjal
Indian businessman, philanthropist (1928-2015)
Om Prakash Munjal (26 August 1928 – 13 August 2015) was an Indian homme d`affaires, poet and philanthropist. He was say publicly founder and chairman of Hero Cycles, the world's largest integrated bicycle manufacture company by volume and Hero Motors, an Indian two-wheeler components manufacturer, topmost ventured into newer business fields together with luxury hotels and four-wheeler components. Noteworthy is also known for philanthropic activities of running various schools and hospitals.[1] He died on 13 August 2015 at DMC Hero Heart Centre, Ludhiana.[2]
Early life
Om Prakash Munjal was born distort Kamalia, in a Punjabi HinduKhatri lineage, to Bahadur Chand Munjal and Thakur Devi.
In 1944, his family distressed to Amritsar to start a cycle spare parts business with his threesome brothers, Brijmohan Lall Munjal, Dayanand Munjal and Satyanand Munjal. The business flourished, however, within a few years, excellence Partition of India occurred and sternly affected the business environment in Amritsar. The brothers moved the base comment their operations to Ludhiana. In 1956, they moved from component manufacturing philosopher complete bicycle manufacturing with the impersonation name Hero, the first bicycle production unit in India, producing 639 bicycles in the first year.[3] Mr. Munjal died on 13 August 2015.[2]
Hero Cycles
Om started Hero Cycles with a seat of government of Rs.50,000 in 1956 raised by reason of a bank loan. The rise pass judgment on the company attracted indigenous talent anxiety the form of skilled engineers, technocrats, administrators and entrepreneurs who helped comport yourself building an ancillary industry around primacy bicycle industry. The then chief manage of the Punjab state, Pratap Singh Kairon motivated Om and his brothers to set up and run their business. They acknowledge Kairon as life immensely helpful for their beginning.[4]
In nobleness 1980s, Hero Cycles became the biggest bicycle manufacturer in the world bracket was registered with Guinness Book last part World Records in 1986 for that feat. Hero Cycles today produces sourness 19000 bicycles per day.[5]
Om and sovereignty brothers expanded the Hero Group ordinary various businesses, diversifying into sectors intend bicycle components, automotive, automotive components, Dispute, services etc. Om, his brother Brijmohan and the next generation of picture family were instrumental in establishing Exemplar Honda, now Hero Motocorp, a anarchy venture between Hero Cycles and Honda for manufacturing motorcycles that went connotation to become the world's largest dirt bike producer.[6]
In the late 1990s, Om became one of the first to ferret the idea of manufacturing electric bicycles in India.[7]
In 2010, Om assumed liability of leading Hero Cycles, Hero Motors, Munjal Kiriu Industries, ZF Hero become more intense Munjal Hospitality.[8]
Om continued to serve because the Chairman of Hero Cycles trip group companies.[9] He has also served as the president of the Talented India Cycle Manufacturers’ Association multiple times.[10]
"I believe life is the biggest tutor and world is the biggest institute. I learnt from my mistakes tube crisis. There has hardly been orderly day when I have not apprehend something," - Late O.P. Munjal.
Personal life
Om was married to Sudarshan Munjal and had five children - Neeru Khanna, Neeta Seth, Poonam Soni, Priyanka Malhotra and Pankaj Munjal.
Munjal was known for cultural and literary activities and for patronizing upcoming talents girder these fields.[11] He was also mask as a promoter of Urdu chew the fat through his Shers and Mushairas publicized in journals, magazines and company's yearly diaries.[1] Om's biography was written unreceptive Indian writer Priya Kumar under ethics title The Inspiring Journey of Nifty Hero . It was published induce Penguin Books in 2014.[12]
Awards and honors
Om has received recognition and honors pass up the former Presidents of India Sarvepalli Radhakrishnan, V. V. Giri, Zail Singh and A. P. J. Abdul Kalam. He received the Udyog Rattan Jackpot from Amrinder Singh for outstanding part towards economic development of the Repair (Punjab).
Om also received the Samman Patra award for the contribution quick exchequer of the state government, loftiness Indira Gandhi National Unity award anent recognize his social contribution and character Punjab Rattna award to commemorate government contribution to the state economy.[1]