The Indian Hero Group is a diversified conglomerate founded in 1956 by the Munjal family. It has evolved into a global leader in the two-wheeler industry and expanded into various sectors.
The flagship company, Hero MotoCorp, is the world's largest manufacturer of two-wheelers. Established in 1984 as a joint venture with Honda, it became independent in 2011. Headquartered in New Delhi, Hero MotoCorp operates manufacturing plants in India and has a global presence, exporting to over 45 countries. In 2024, the company sold 5.4 million units, maintaining its leadership in the Indian market despite increasing competition .
The Hero Group's portfolio includes:
Hero FinCorp: A rapidly growing non-banking financial company (NBFC) offering vehicle financing and other financial services
Hero Future Energies: A renewable energy company planning a $20 billion investment to increase its capacity from 1.9 GW to 30 GW by 2030 Hero Electronix: Focuses on electronics and IT-enabled services.
Hero Cycles: The world's largest bicycle manufacturer, established in 1956.
BML Munjal University: An educational institution named after the group's founder.
The Swiss Hero Group, founded in 1886, is a privately held company specializing in branded nutritional food products. Headquartered in Lenzburg, Switzerland, it operates globally with a focus on baby and toddler food, healthy snacks, and natural spreads.
Semper: A leading brand in baby and toddler food.
Corny: Known for its snack bars.
Deliciously Ella: A UK-based vegan food brand acquired by Hero Group in 2024 to expand its presence in the natural foods market .