Hero Enterprise

What Hero Enterprise does

Hero Enterprise (legal name: Hero Corporate Service Private Limited, CIN U74899DL1995PTC065253) is the diversified corporate services and investment arm of the Munjal-family-controlled Hero Group, headquartered at 264 Okhla Industrial Estate, Phase III, New Delhi. Incorporated in February 1995 and rebranded from Hero Corporate Service to Hero Enterprise in 2016 under Chairman Sunil Kant Munjal, the company operates five strategic business units: Hero Insurance Broking India (licensed direct life and general insurance distribution via a web-based portal with paperless policy issuance and a pan-India trained-agent network, having sold over 60 million policies cumulatively); Hero Realty / Hero Homes (residential township and industrial park development across Haridwar, Ludhiana, Mohali, and Gurugram with approximately 6 million sq. ft. of development); Hero Steels (cold-rolled steel production at 200,000 tonnes per annum capacity supplying high-end grades to Maruti Suzuki and Hero MotoCorp plus defence, agricultural equipment, bearings, and compressors); and Hero Mindmine (corporate training services delivered across 12 regional languages to multinational and Indian blue-chip enterprises, having trained over 250,000 professionals).

The company's technology foundation is a web-based insurance distribution portal with paperless policy issuance (reducing processing time from 20 minutes to under 2 minutes), complemented by the Mindmine NXT digital training platform launched in April 2021. Revenue mechanics are diversified across commission-based insurance distribution (transaction fees on policies sold), professional services for bespoke corporate training engagements, real estate unit sales, and B2B hardware sales from steel manufacturing. Customer segments span individual and corporate insurance buyers, enterprise training clients (American Express, Nokia, GE, Tata Group, Infosys, Wipro, McKinsey and others), residential property buyers, and automotive/industrial OEMs.

In addition to operating businesses, Hero Enterprise functions as a strategic investment office, deploying capital into ventures including BlueStone ($30 million, March 2022), HomeLane (INR 225 crore, 2025), and Bellatrix Aerospace ($20 million, March 2026). The wholly-owned operating subsidiaries—Hero Insurance Broking India, Hero Realty, Hero Management Service, Hero Steels, and Hero Mindmine Institute—report into the parent. The company also runs the annual Mindmine Summit (16th edition in June 2026), the BML Munjal Awards for learning and development excellence, and supports the Serendipity Arts Festival as cultural positioning.

Name

Hero Enterprise

Legal name

Hero Corporate Service Private Limited

Website

https://herocorp.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hero Enterprise is the diversified corporate arm of India's Hero Group, operating insurance distribution (60M+ policies sold), real estate development (Hero Homes), steel manufacturing (Hero Steels, 200,000 TPA), and corporate training (Hero Mindmine) across India.

Ownership category

akta.pro rank

Product category

Diversified Conglomerate Services

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Life Insurance (6311), Accident & Health Insurance (6321), Investment Advice (6282)

akta.pro primary industry

Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)

akta.pro secondary industry

Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Insurance distribution
• Corporate training
• Real estate development
• Steel manufacturing
• Insurance broking

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Distribution: Commission-based insurance distribution selling life, health, and general insurance policies. Sold over 60 million policies since inception with 10 million sold in FY17 alone. Operates as licensed Direct Life & General insurance broker.
2. Corporate Training Services: Bespoke training and development services for multinational corporations, Indian blue-chips, and government bodies. Trained over 250,000 professionals.
3. Real Estate Development: Residential townships and industrial parks development. Developed approximately 150 acres in Haridwar, 230 acres industrial parks, and approximately 6 million sq. ft. in Ludhiana, Mohali, Gurugram under Hero Homes brand.
4. Steel Manufacturing: Cold rolling steel production with capacity of 200,000 tonnes per annum. Supplies high-end grades to Maruti Suzuki, Hero MotoCorp, and vendors. Expanded to include Defence Equipment, Agricultural Equipment, Bearings, Compressors applications.
5. Startup Investments: Investment Office invests in ventures with innovative business models and technologies in digital learning, e-commerce, community transportation, healthcare, women empowerment, and children's education. Made investments in BlueStone ($30 million), HomeLane (INR 225 Cr), and Bellatrix Aerospace.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Hero Enterprise is a diversified Indian business group operating through wholly-owned subsidiaries including Hero Insurance Broking (commission-based insurance distribution of life, health, and general insurance), Hero Realty/Hero Homes (residential township and housing development across North India), Hero Steels (cold rolling steel manufacturing with 200,000 tonnes annual capacity), and Hero Mindmine (corporate training services delivered in 12 regional languages). The company also makes strategic venture investments and provides in-house advisory services in corporate finance, legal, and strategic planning to group businesses.

Product overview

Hero Enterprise operates as a diversified business group with five strategic business units: Insurance Distribution (Hero Insurance Broking), Hero Realty (real estate), Hero Steels (steel manufacturing), Hero Mindmine (training & development), and various advisory services. The company, chaired by Sunil Kant Munjal, also organizes the annual Mindmine Summit and BML Munjal Awards, and supports cultural initiatives including the Serendipity Arts Festival and Brij Incubator. The portfolio spans insurance distribution, real estate development, steel manufacturing, corporate training, and startup incubation across India.

Differentiator

Problem solved

Functional benefit

Products and services

• Hero Insurance Broking Insurance distribution and broking services offering life, health, and general insurance products through a web-based portal and pan-India network; operates as a licensed Direct Life and General insurance broker and pioneered paperless policy issuance in India.
• Hero Homes / Hero Realty Residential township and housing development arm building sustainable, community-oriented projects across North India, including approximately 150 acres in Haridwar, 230 acres of industrial parks, and approximately 6 million sq. ft. in Ludhiana, Mohali, and Gurugram.
• Hero Steels Steel manufacturing business producing high-strength low alloy steels, bright and mirror finish materials for surface-critical applications; supplies automotive OEMs and manufacturers of defence, agricultural equipment, bearings, and compressors.
• Hero Mindmine Corporate Training Bespoke corporate training and development services for multinational corporations, Indian blue-chip companies, and government bodies, delivered through a nationwide network with capabilities in 12 regional languages across India and Asia Pacific.
• Mindmine NXT Digital Learning Platform Digital learning and training technology platform supporting Hero Mindmine's corporate training delivery operations.

Quantifiable outcome

• First distribution company to sell 10 million insurance policies in a year (FY17)
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• India's Leading Insurers (Life, Health, General)coreChannel Partner/ Reseller/ DistributorHero Insurance Broking works with India's leading insurers in General, Life and Health Insurance sectors. The broking license enables offering wider choice of insurance partners and products, transforming touchpoints into 'One Stop Shops' for all basic insurance needs.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Regional players

• JSW Steel: India's leading steel manufacturer with significantly larger capacity than Hero Steels' 200,000 tonnes, supplying automotive and infrastructure customers; directly comparable in steel product offering but at much greater scale.
• ICICI Lombard General Insurance: Leading Indian general insurance company operating as an underwriter rather than broker; comparable to Hero Insurance Broking's insurance distribution business but with structural differences in revenue model (premium vs commission).

Direct peers

• Mahindra Group: Indian diversified conglomerate operating in automotive, real estate, financial services, IT, and education/training, with a similar holding-company structure and family ownership model that makes it directly comparable to Hero Enterprise's multi-vertical approach.
• Aditya Birla Group: Indian diversified conglomerate with operations spanning metals (Hindalco), cement, financial services, fashion retail, and chemicals, sharing Hero Enterprise's conglomerate DNA with multiple operating subsidiaries across unrelated industries.
• RPG Group: Indian diversified conglomerate with interests in power (CESC), tyres (CEAT), retail (Spencer's), and infrastructure, representing a comparable mid-sized diversified Indian business group structure.
• Bajaj Group: Indian conglomerate with operations in two-wheelers and three-wheelers (Bajaj Auto), financial services (Bajaj Finserv), and consumer products, paralleling Hero Enterprise's family-owned diversified Indian group with automotive and financial services exposure.

Broad incumbents

• Reliance Industries: India's largest private sector conglomerate spanning petrochemicals, refining, retail, telecom (Jio), and digital services, representing a much larger-scale comparable diversified Indian conglomerate.
• Tata Group: Largest Indian diversified conglomerate operating across steel (Tata Steel), automotive, IT services, financial services, and consumer products; comparable in multi-sector approach but vastly larger in scale and global reach.

Emerging players

• NIIT Limited: Indian corporate training and education company offering learning solutions to enterprises; comparable to Hero Mindmine's corporate training business with overlapping target customers in enterprise L&D.
• PolicyBazaar (PB Fintech): India's largest digital insurance aggregator and broker, representing an emerging digital-first competitor to Hero Insurance Broking's traditional distribution model in the same Indian insurance market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/heroenterprise

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments13 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hero Enterprise