Entrepreneur’s profile

Harish Vasdev CUHP13MBA29

DON’T DREAM IF YOU CAN’T fulfill your dreams

- Dr. Brijmohan Lall Munjal

Brijmohan Lall MunjalHero MotoCorp

Brijmohan Lall Munjal (Punjabi: ਬ੍ਰਿ��ਜਮੋ�ਹਨ ਲਾਲਾ ਮੋ��ਜਲਾ) is an first generation entrepreneur and is one of the richest people in India.• Annual income INR 11.71 crore. • The founder of the $3.2 billion

Hero Group

Early life• Brijmohan Lall Munjal was born in 1923,

district Toba Tek Singh in unpartitioned Punjab, British India. • After completing his formal education he

worked at the Army Ordnance Factory, before moving his base to India after partition.

Career• Brijmohan along with his elder brothers

Dayanand Munjal, Satyanand Munjal and his younger brother Om Prakash Munjal initially started a business by supplying components to manufacturers of bicycles in and around Amritsar. After the partition in 1947 the Munjal family completely shifted their base from Pakistan to Ludhiana.

Hero cycles ltd 1956

•In 1956, the Punjab Government issued tender notices for twelve new industrial licenses to make bicycles in Ludhiana.• Brijmohan Lall Munjal and his brothers participated in the bid and won the contract.• Hero Cycles was registered as a large-scale industrial unit. The capital was partly financed by the Government of Punjab.

• Under his leadership Hero Cycles was the first company to export bicycles in large scale.• In 1975 they had earned the

distinction of Largest bicycle manufactures in India.• By 1986 Hero Cycles Limited entered

the Guinness Book of Records as the largest manufacturers of bicycles in the world.

Hero & Honda JV 1984

• Before entering into a joint venture with Honda Motors, Dr. Munjal started the Majestic Auto Limited and started manufacturing Hero Majestic Moped.• To manufacture motor cycles in 1984 the

Hero Group started a joint venture with Hero Honda and established a plant at Dharuhera Haryana. • Hero Group expanded so big that by 2002

they had sold 8.6 million Bikes producing 16000 motorcycles in a day.

Hero MotoCorp Ltd Aug 2011

• JV broke up in Aug 2011 Hero paid $1billion to Honda For 26% Stake.Hero Registered with new name Hero MotoCorp. On July 1, 2013, Hero MotoCorp, acquired 49.2% stake of ERIKBUELL RACING for $25 million from Harley davidson.

Financial Position of HeroMotocorp

Market Share price on 25 sep

• BSE Sep 25Share price 2035.15↑ 1.53%

• NSE Sep 25 Share price 2036.10 ↑1.66%

Awards • Awarded Businessman of the Year in 1994 by

business magazine "Business India"• In 1999 Featured in Most Admired CEO List of the

magazine "Business Barons".• Ernst and Young Entrepreneur of the year in 2001.• Received The Lifetime Achievement award for

"Management" from All India Management Association in 2003.

• Banaras Hindu University, Varanasi conferred him with a Doctorate; degree of "Doctors of letters" Honoris Causa in October 2004.

•Awarded "Padma Bhushan"in March 2005 for his contribution to Trade and Industry in 2005.•Lifetime Achievement Award by TERI in 2011 (02/02/11).•Lifetime Achievement Award by Ernst & Young in 2011 (07/02/11).•Lifetime Contribution Award by All India Management Association in 2011 (20/04/11).•Doctor of Science (Honoris Causa) by IIT, Kharagpur in 2011 (22/08/11).•Lifetime Achievement For The Asia Pacific Entrepreneurship in 2011 (11/11/11).•Awards by Enterprise Asia in 2011.

Jeff Bezos Amazon.com

• Jeffrey Preston "Jeff" Bezos (/ˈbeɪzoʊs/;born January 12, 1964) is an American internet entrepreneur and investor. He is a technology entrepreneur who has played a key role in the growth of e-commerce as the founder and CEO of Amazon.com, an online merchant of books and later of a wide variety of products. Under his guidance, Amazon.com became the largest retailer on the World Wide Web and a top model for Internet sales. In 2013, Bezos purchased The Washington Post newspaper.

Early life and personal Bezos was born Jeffrey Preston Jorgensen in

Albuquerque, New Mexico. Bezos often showed intense scientific interests. He rigged an electric alarm to keep his younger siblings out of his room. While in high school, he attended the Student Science Training Program at the University of Florida. He attended Princeton University with a Bachelor of Science in Engineering.

Business career• After graduating from Princeton in 1986,

Bezos worked on Wall Street in the computer science field. Then he worked on building a network for international trade for a company known as Fitel. He next worked at Bankers Trust, where he became vice-president. Later on he also worked in computer science for D. E. Shaw & Co.

Amazon.com(1994)

Bezos founded Amazon.com in 1994 after making a cross-country drive from New York to Seattle. He initially set up the company in his garage. He had left his "well-paying job" at a New York City hedge fund when he "learned about the rapid growth in Internet use“. According to Forbes, Amazon's shares "defied gravity" in 2011, jumping 55% and adding $6.5 billion to Bezos's net worth. Bezos is known for his attention to business details.

Blue Origin(2000) "anybody to go into space”

• In 2000, Bezos founded Blue Origin, a human spaceflight startup company,partially as a result of his fascination with space travel,including an early interest in developing "space hotels, amusement parks and colonies for 2 million or 3 million people orbiting the Earth."The company was kept secret for a few years until it became publicly known only in 2006 when purchasing a sizable aggregation of land in west Texas for a launch and test facility.

The Washington Post (August 5, 2013)

• On August 5, 2013, Bezos announced his purchase of The Washington Post for $250 million in cash. The sale is personal to Bezos. Amazon.com will not be involved. "This is uncharted terrain," he told the newspaper, "and it will require experimentation."• The Washington Post published a long-

form profile of Bezos on August 10, 2013, a feature in which Bezos declined to be interviewed.

Recognition• He was named Time magazine's Person of the Year in

1999.• In 2008, he was selected by U.S. News & World Report

as one of America's best leaders.• Bezos was awarded an honorary doctorate in Science

and Technology from Carnegie Mellon University in 2008.

• In 2012, Bezos was named Business person of The Year by Fortune.

• As of August 2013, according to the Bloomberg Billionaires Index, Bezos is listed as one of the wealthiest people in the world with an estimated net worth of $28 billion.

•He was ranked the second best CEO in the world by Harvard Business Review, after Steve Jobs of Apple.

•America`s Best leader 2013

Larry page

• Lawrence "Larry" Page (born March 26, 1973) is an American computer scientistand Internet entrepreneurwho is the co-founder of alongside Sergey Brin. On April 4, 2011, Page succeeded Eric Schmidt as the chief executive officer of Google.As of 2013, Page's personal wealth is estimated to be US$20.3 billion, ranking him #13 on the Forbes 400 list of the 400 richest Americans.

• Page is the inventor of PageRank, the foundation of Google's search ranking algorithm, and he and Brin own approximately 16 percent of Google's stock.

Early life and education• Page was born in East Lansing, Michigan, United

States (U.S.).• He holds a Bachelor of Science in computer

engineering from the University of Michiganwith honors and a Master of Science in computer science from Stanford University.

• While at the University of Michigan, Page created "an inkjet printer made of LEGO bricks" .

• He became the "first kid in his elementary school to turn in an assignment from a word processor.

• He said that "from a very early age, I also realized I wanted to invent things. So I became really interested in technology and business. Probably from when I was 12, I knew I was going to start a company eventually".

• In his research project, nicknamed "BackRub", he was soon joined by Sergey Brin, a fellow Stanford Ph.D. student.

• Brin and Page originally met in March 1995 during a spring orientation of new Ph.D. candidates.

• Brin, who had already been in the program for two years, was assigned to show some students, including Page, around campus, and they later became friends.

• , Brin and Page developed the PageRank algorithm, and realized that it could be used to build a search engine far superior to existing ones.

• It relied on a new kind of technology that analyzed the relevance of the back links that connected one Web page to another.

• In August 1996, the initial version of Google was made available, still on the Stanford University Web site.

Business: Google! page in 1998

• In 1998, Brin and Page founded Google, Inc• Page ran Google as co-president along with

Brin until 2001 when they hired Eric Schmidt as Chairman and CEO of Google.

• In January 2011 Google announced that Page would replace Schmidt as CEO in April the same year. Both Page and Brin earn an annual compensation of one dollar.

• On April 4, 2011, Page officially became the chief executive of Google.

•Page is an investor in Tesla Motors.•promotes the adoption of plug-in hybrid electric cars.

Awards and recognition• In 2002, Page was named a World Economic Forum

Global Leader for Tomorrow.• In 2009, Page received an honorary doctorate from

the University of Michigan during graduation commencement ceremonies.

• In 2004 Page and Brin were named "Persons of the Week" by ABC World News Tonight.

• As of October 2012, the Bloomberg Billionaires Index lists Page as the 27th richest man in the world with an estimated net worth of 21.1 billion.

Thank you