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Smrittee Priya-58
HISTORY
y Business started in 1944 by establishing bicycle y y y y
spare parts business in Amritsar. Started bicycle unit called Hero Cycles in 1956. By 1975-largest bicycle manufacturer in India. In 1984, Hero group joined Honda Motors of Japan to create Hero Honda Motors Limited In 1986 Hero Cycles Limited entered the Guinness Books of World Records as the largest bicycle manufacturer in the world
FEATURES OF DIVISION
y Munjals owner of Hero Honda a 4.2 billion
group, have successfully divided their crossholdings in more than 20 group companies
y To avoid any disputes and maintain peace and
FEATURES CONT.
y The new arrangement has resulted in ownership
transfer to the four family groups, and has completely eliminated cross-holdings
y All existing management and control structures
satisfied
family and the crowned jewel, will be owned and managed by BM Munjal's family with 26% stake.
y His sons Pawan Kant, Sunil Kant, Suman Kant and
OM PRAKASH MUNJAL
SATYANAND MUNJAL
YOGESH SURESH SUDHIR UMESH
RENU MUNJAL
PRAKASH
PAWAN KANT
MAHESH
HERO GROUP
BM MUNJAL LATE DAYANAND MUNJAL
SUNBEAM AUTO LTD
OM PRAKASH MUNJAL
HERO CYCLES
SATYANANAD MUNJAL
MUNJAL SHOWA
ROCKMAN INDUSTRIES
MUNJAL CASTINGS
HERO MOTORS
SHIVAM AUTOTECH
HERO MINDMINE
HERO EXPORTS
HIGHWAY INDUSTRIES
EASY BILL
MUNJAL STEELS
ADVANTAGES OF DIVISION
y Makes tax structure more efficient y Unlocks value for shareholders y It helps to capitalize on individual synergies rather
THANK YOU