Hero Motors Ltd. நிறுவன வரலாறு மற்றும் வருடாந்திர வளர்ச்சி தகவல்கள்

Our Company was incorporated in the name of ‘Hero Briggs & Stratton Auto Private Limited’ as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated April 30, 1998 issued by the Registrar of Companies, Delhi and Haryana. Thereafter, our Company became a deemed public company and the name of our Company was changed to ‘Hero Briggs & Stratton Auto Limited’ with effect from August 25, 1998. Pursuant to the enactment of Companies (Amendment) Act, 2000 and by effect of Section 43A(2A) of the Companies Act, 1956, our Company was again converted into a private limited company with effect from June 1, 2001 and the name of our Company was accordingly changed to ‘Hero Briggs & Stratton Auto Private Limited’. Thereafter, pursuant to the termination of the joint venture agreement with Briggs & Stratton International Inc. (USA) in 2001, the name of our Company was changed to ‘Hero Auto Private Limited’ and a fresh certificate of incorporation dated April 10, 2003 was issued by the Registrar of Companies, Delhi and Haryana. Subsequently, the name of our Company was changed to ‘Hero Auto Limited’ upon conversion to a public limited company on October 30, 2003 pursuant to a fresh certificate of incorporation issued by the Registrar of Companies, Delhi and Haryana. Further, pursuant to the fresh certificate of incorporation dated September 15, 2004 issued by the Registrar of Companies, Delhi and Haryana, the name of our Company was changed to ‘Hero Motors Limited’ to reflect the true nature of the Company’s business, which is the name of our Company as on the date of this Red Herring Prospectus.

1998

- Incorporation of our Company.

- Investment in our Company through joint venture between Briggs & Stratton International Inc. (USA) and Majestic Auto Limited.

2001

- Commenced operations of our ‘alloys and metallics’ business, focusing on sheet metal component manufacturing, machining of casting products and other sheet metal components

2004

- The High Court of Delhi at New Delhi vide its order dated July 22, 2004 and the High Court of Punjab and Haryana vide its order dated November 7, 2003 approved the scheme of arrangement between our Company and Majestic Auto Limited pursuant to which all the properties, rights and claims and the entire undertaking relating and pertaining to the Ghaziabad business of Majestic Auto Limited was transferred to our Company.

2015

- The High Court of Punjab and Haryana at Chandigarh vide its order dated October 9, 2015 had sanctioned the scheme of arrangement between HCL and our Company whereby the sheet metals, transmission and cycle production, and assemblies business of our Company was transferred to HCL.

2018

- Our Company partnered with US-based technology company, enviolo and commenced supply of continuous variable planetary transmission (CVP) hubs, commencing operations of the bike powertrain subunit in our Company’s powertrains solutions business.

2020

- Our Company entered into an agreement with enviolo for the co-development of an economical version of the CVT hub named “Urban” for Indian and ASEAN and European markets

2021

- Entered into a joint venture agreement dated October 27, 2021 with Yamaha to incorporate HYM for the purpose of manufacturing hub motors for e-bikes and selling them to Yamaha and our Company

2022

- The Hon’ble National Company Law Tribunal, Chandigarh Bench vide its order dated November 4, 2022 approved the scheme of arrangement between HCL and our Company whereby the auto component business of HCL was transferred to our Company.

- Our Company acquired 32% stake in HEL.

- Our Company raised funds through private placement of securities from South Asia Growth Invest LLC and South Asia EBT Trust.

2023

- Commenced operations at our facility in Samut Prakan, Thailand.

- Our Company acquired 100% stake in STPL from HCL, a member of our Promoter Group and a Group Company.

- Our Company acquired a further 19% stake in HEL, resulting in HEL becoming a subsidiary of our Company.

- Our Company ventured into the electric drive unit segment under the ‘ESYNC’ brand.

2025

- Our Company entered into a joint venture agreement with Vermogensverwaltung Plettenberg GmbH & Co KG along with its group companies (“STP Group”) for the purpose of manufacturing forging components

- Our Company incorporated its Subsidiary, Munjal STP Industries Private Limited, pursuant to a certificate of incorporation dated July 22, 2025.