Hero MotoCorp incorporates Section 8 CSR subsidiary Hero MotoCorp Foundation
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- Automobiles - 2 And 3 Wheelers
Reviewed byRachit TripathiBlacklitt Research
Hero MotoCorp (NSE: HEROMOTOCO) has incorporated Hero MotoCorp Foundation - A Santosh Munjal Legacy as a wholly owned subsidiary under Section 8 of the Companies Act, 2013, to undertake its corporate social responsibility initiatives, it said in a filing on 30 Oct 2026.
The subsidiary and its stated purpose
The Registrar of Companies, Ministry of Corporate Affairs, approved the incorporation on 29 Oct 2026, and the entity is now incorporated as a wholly owned subsidiary of Hero MotoCorp Limited after the formalities were completed.
The company says the subsidiary is to undertake its corporate social responsibility initiatives. The Board of Directors had decided to set it up, and the company informed the exchanges of that decision in an earlier communication dated 6 Aug 2026.
How it fits the company
Hero MotoCorp's latest quarter, Q2 FY27, reported consolidated total income of ₹15,172.00 crore and net profit of ₹1,860.55 crore, and the company's market value stood at ₹1,03,418 crore on 30 Oct 2026. The subsidiary is a Section 8 body set up for CSR work, so its scale against these figures is not a measure of any business it will run.
What the subsidiary means for Hero MotoCorp's shareholders
The filing describes a new wholly owned entity formed for CSR initiatives. It does not state the initial capital or funding of the subsidiary, when it will start operations, who its directors or officers will be, or which CSR programmes it will carry out.
The filing sets out no further dated step.
At a glance
| Item | Detail |
|---|---|
| Subsidiary | Hero MotoCorp Foundation - A Santosh Munjal Legacy |
| Incorporated | 29 Oct 2026, on approval from the Registrar of Companies |
| Initial capital | Not stated in the filing |
| Holding | Wholly owned subsidiary of Hero MotoCorp Limited |
| Stated business | Corporate social responsibility initiatives of the company |
Filed with BSE on . Reference: Original filing (PDF)
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