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Hero Group Companies [Subsidiaries] | Net Worth Turnover | Chairman CEO


Here you can find the list of Hero Group of Companies.

Hero Group

It was 1944; twenty-year-old Brij Mohanlal and his three brothers, Dayanand (32 years), Satyanand (27) and Om Prakash (16) moved from their birthplace Kamalia in Pakistan to Amritsar.

There they started supplying components to the local bicycle business. Only one of the Munjal brothers had previous business experience although two had worked for the British in the Indian Civil Service.

Partition of India in 1947 forced them to move to Ludhiana. The town was already a hub of the Indian bicycle business as well as an important textile centre.

Through their business acumen, they expanded their company by leaps and bounds and positioned themselves as business tycoons of India. Today, the Munjals are one of the most respectable names in Indian business community.

The contribution of this family in the industrial development of India is highly admired. According to Jocelyn Probert and Dominique Turq who wrote perhaps the first case study on the Munjals, the brothers travelled energetically with their component samples throughout India, selling in Mumbai, Chennai and elsewhere, and learning the intricacies of the fragmented Indian distribution network.

Hero MotoCorp is well know company which is engaged in the manufacturing and selling of motorised two-wheelers, spare parts and related services. The Company is a leading two wheeler manufacturer and has a dominant presence in domestic market. Here you can find the list of Hero Group Companies [Subsidiaries] other than hero MotorCorp

List of Hero Group Companies [Subsidiaries]

So here is the list of Hero Group Companies [Subsidiaries].

1. Hero Cycle

Established in 1956 in Ludhiana, Hero Cycles started with manufacturing cycle components slowly paving its way onto becoming the one of the ‘Best Cycle Brand’ in India.

Today, Hero Cycles is undoubtedly the largest manufacturer of bicycles in India producing 5.2 million cycles per annum.

Starting from a small unit to creating a huge global footprint, Hero Cycles production unit in Ludhiana is fully equipped with an in-house R&D facility producing major bicycle components within its premise under stringent quality parameters complying with all global standards.

  • 5.2 million cycles per annum
  • 19,000 bicycles per day
  • Export to 75 countries

Hero Cycles entered Guinness Book of world records in 1986 for manufacturing the maximum number of bicycles.

Currently, the company is producing as many as 19,000 bicycles per day and exporting them to more than 75 countries worldwide apart from cater the needs of domestic market.

2. Munjal Kiriu Industries (P) Ltd.

Munjal Kiriu Industries (P) Ltd. to manufacture Brakes Discs, Brakes Drums, Cylinder block, Pressure plate, Brake plate and Steering Knuckles for automotive original equipment manufactures in the Indian and overseas market.

The New Company is investing Rs.250 Crore in the plant at Manesar, Haryana (India), 60km from Delhi and is equipped with state-of-art foundry having Disa-matic moulding line, compatible sand plant of 80T/Hr with sand multi controller, dual truck induction melting furnace and online shot blasting machine.

This alliance is a strategic move to focus on high technology, high quality and high precision automotive manufacturing. Munjal Kiriu Industries ltd is a joint venture between Hero Motors Limited and Kiriu Corporation, a Company in Sumitomo Group of Japan.

3. Hero Hewland

With more and more OEM vehicle manufacturers looking towards the motorsport industry to leverage its flexibility, efficiency and rapid turn-around times, an option to put Hewland Transmission Designs into Mass Production was required.

To meet this requirement, Hero Motors and Hewland have formed a joint venture to provide a high volume, high quality powertrain solution for OEMs.

4. ZF Hero Chassis Systems Private Limited

Incorporated in 2010 as a joint venture between Hero Motors Limited and ZF India Private Limited, ZF Hero Chassis Systems Private Limited secures European technology and expertise in chassis technology for the Indian small car segment.

Proficient in system engineering, supply chain management and organizational competence at a global level, the key clientele for ZFH consist of BMW and General Motors.

With ace capabilities in assembly operations of key chassis components such as front suspension, rear axle and corner modules for passenger car Original Equipment Manufacturers, the company has seen an exponential growth in a short duration, and is in pursuit for even more businesses to serve.

ZFH is headquartered in New Delhi with its three plants located at Halol (Gujarat), Talegaon (Maharashtra), and Chennai.

5. Firefox

One of the most popular brand additions, Firefox bikes cater to the premium segment in India.

Firefox, as a brand, personifies the culture of urban biking in India and has majorly contributed in changing a bike’s perception from a necessity to a lifestyle product. Firefox also takes pride in promoting the underlying benefits of cycling in the times of global warming and lifestyle-induced health threats.

6. BSH

Based in Sri Lanka, BSH Ventures is the most recent addition to the HMC Group of Companies and is an export-oriented bicycle manufacturing company, which has its state-of-the-art facility located in Biyagama Export Zone.

BSH has garnered a reputation in the cycling industry of superior production quality that meets customer expectations with an array spanning across from everyday used city bikes to premium products that include top of the line hybrid to folding bikes.

Their export abilities span worldwide and provide several retailers with the highest standard, while complying with all international standards and guidelines, making it both SEDEX approved and TUV Certified.

Furthermore, BSH production guidelines comply with all international standards thus making it SEDEX approved and TUV Certified. Presently, its bicycle assortment includes an array of premium products ranging from hybrid to folding bikes catering to everyone’s aspiration.


One of the recent additions to the HMC Group, SPUR is registered in Germany as a premium bicycle component brand. It is a technology-led IPR product company and one of the top 10 major global players in the category of premium-focused bicycle part manufacturers.

Its unyielding focus on technology is met by the guarantee of high performance and durability through its integrated manufacturing and IPR organization setup. This ethos is reflected in the philosophy of HMC as well, making the two a fit as perfect as the products SPUR manufactures.

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SPUR provides advanced, world-class products engineered to assure high quality performance and long life, which in turn empowers biking & enhances customer satisfaction.

SPUR’s expertise in technology and production capability makes it the best in its category and superior to other key players in the market. At present, SPUR’s product-line consists of the Front Suspension Fork, Double Wall Alloy Rim, BB Cartridge and Freewheel (single-speed), which are exported to several companies with ample opportunities for more.

8. HMC

HMC is the culmination of six decades of progress and innovation, and is the proud face of a strong force of companies, ranging from recent international acquisitions to entities with deep roots in great nationâ’s history.

HMC are governed with sensitivity, fuelled by passion, driven by initiative, led with respect for its stakeholders, powered by inspiration and supported with trust. These are the values that guide the spirit of HMC, built on the longstanding principles of flagship company, Hero Cycles Ltd., who has defined mass mobility for over a billion people in India.

At the centre of its business ethos, HMC is focused on exceeding consumer needs and leading the market through innovation, keeping consumer centricity as core objective. The Company is responsible corporate enterprise group and all efforts aim to improve this world we share.

The HMC family is made up of world class organizations such as Hero Cycles Ltd., Avocet Sports (UK), BSH (Sri Lanka), Firefox, Spur, Hero Motors, Munjal Hospitality, Munjal Kiriu, ZF Hero, OMA, and MHPL.

The group is as flexible as it is versatile, and we learn from our rich heritage to remain futuristic. The diverse business partnerships of the various group companies create synergies and unlock value for the group. And while these individual organizations may serve different consumer segments and different needs, it is in HMC where their ambitions truly become one.

9. Hero Global Design

The Hero Global Design Centre is a futuristic design centre based out of Manchester, a city known for its strong affinity with cycling.

Initiated in January 2017, the facility is home to some of the best talent in the industry, with a focus on our expanding group’s design, testing and R&D functions.

With major expansion plans on the horizon, this design centre helps us develop technologies and designs of the highest international standards that cater to differentiated products (both in-house & for the industry), to suit the needs of different consumer segments across global markets.

10. Avocet

Avocet takes pride in the quality of its products and ensures that each bike in its portfolio is perfectly equipped to fulfil its customer’s needs.

The Avocet portfolio of brands includes Viking, Whistle, Concept, Coyote, Integra, Rooster, Riddick, Ryedale, D-Bikes, Piranha and Skyway with the latest addition of two brands, Simmonsohn and Lectro.

11. Munjal Hospitality Private Limited

Munjal Hospitality Private Limited is one of the most sought after projects in India with a vision to revamp the standards of hospitality industry with it’s global standards. The retail area of the property is 250000sq.ft.

with an equivalent amount of commercial space. The aim of Munjal Hospitality Pvt. Ltd. is to rev the industrial standards by constructing a remarkable destination that fulfils all international compliances in commercial and retail spaces of India.

12. OMA

OMA is one of the most glamorous members of the HMC family, known for its iconic character and impeccable detail.

As a brand, OMA is a high-end boutique store catering to the needs of home décor with its international product-line designed as per global and contemporary trends. All products featured in the OMA store are curated through an impassioned devotion and an eye for detail.



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