Financial Daily from THE HINDU group of publications
Friday, Jan 10, 2003

Port Info

Group Sites

Corporate - E-Commerce & E-Business

Hero group sets up `Easy Bill'

Our Bureau

Mr Brijmohan Lall, Chairman of the Hero group, flanked by Mr Sunil Kant Munjal, Managing Director and CEO, Corporate Service Ltd (left), and Mr Rahul Munjal, CEO, Easy Bill Ltd, at a press conference in the Capital on Thursday.


THE Hero group, comprising leading companies, Hero Honda and Hero Cycles, has set up a new firm, `Easy Bill' to do large-scale bill collection through a countrywide network.

Easy Bill, which will launch operations in March this year, will enable consumers to pay utility bills by cash at selected retail shops acting as a one-stop collection point for all kind of bill payments.

Consumers will be charged a nominal fee. These collection points will be linked up and connected to a database, which will make it possible to track all receipts online. The Hero Group will make an investment of about Rs 50,000 per collection point.

The company plans to start with Delhi, followed by Punjab, Mumbai and Maharashtra and to reach out to 35 cities by 2005. In the first year, 2,500 retailers would be roped in to become Easy Bill collection points.

"Over the years, our group has acquired tremendous competencies in managing nationwide distribution networks... We want the core strength and experience of the group to be leveraged for the Indian consumer through this new venture," said Mr Brijmohan Lall, Chairman of the Group.

The new venture would be headed by Mr Rahul Munjal, son of late Raman Kant Munjal, who was the founder Managing Director of Hero Honda Motors.

"Easy Bill will help you pay all bills - be it telephone, power, school fees, taxes or anything," Mr Munjal said, adding that currently, discussions are on with a number of utilities.

Apart from being collection points, Easy Bill will also provide other services such as recharging pre-paid telephone cards.

"Our vision is to have one Easy Bill outlet per one kilometre radius, Mr Munjal said.

Send this article to Friends by E-Mail
Comment on this article to

Stories in this Section
Opel Vectra to cost Rs 15.99 lakh — GM aims to sell 1,000 cars per annum

Ford to launch 2 models this year
Dr Reddy's board to meet on Jan 28
GAIL plans to invest Rs 12,000 cr in gas grid
`Training helped Maruti bag customer service award'
Granules India promoter sells 9 pc stake
Hero group sets up `Easy Bill'
Montanari is new CMD of Fiat India
BD Biosciences unveils flow cytometry gadget

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line