Hero family splits in harmony

The Munjal family, which controls the Hero Group of companies that has origins in Ludhiana, has decided to realign the ownership of its businesses it collectively controls, giving the scions of the automotive-led conglomeration a clear sense of autonomy and ownership in an an atmosphere of harmony.

The Munjal family, which controls the Hero Group of companies that has origins in Ludhiana, has decided to realign the ownership of its businesses it collectively controls, giving the scions of the automotive-led conglomeration a clear sense of autonomy and ownership in an an atmosphere of harmony.

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How it happened

Promoter cross-holdings untangled

Assets consolidated in the name of relevant family sub-set

Cross-holdings eliminated

Existing management and control structures in group entities retained

Who gets what in the settlement

Brij Mohan Lal Munjal's family

Pawan Munjal

Hero Corporate Services

Sunil Kant Munjal

Hero ITES

Suman Kant

Hero Soft and Easy Bill

Late Raman Kant Munjal's family

Rockman Cycle

O P Munjal

Hero Cycles and Hero Motors

Satyanand Munjal's sons

Majestic Auto, Highway Cycle
Munjal auto and Munjal Showa

Late Dayanand Munjal's son - Ashok

Sunbeam Auto

Ashok Munjal's brother Vijay

Hero Exports

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