Hero MotoCorp shareholders and shareholding pattern

NSE: HEROMOTOCOBSE: 500182AutomobilesMid Cap

Hero MotoCorp Limited · Formerly Hero Honda Motors · Face value ₹2 · Listed Feb 1985 on BSE, Apr 2003 on NSE

₹5,322.50₹104.00 (1.99%)BSE ₹5,300.00

Share price at the NSE close on 28 Oct 2026. Previous close ₹5,218.50.

28 Oct: open ₹5,234.00, high ₹5,359.00, low ₹5,201.50

52-week range of traded prices to 28 Oct 2026

₹4,671.50Low, 30 Jun 2026₹6,388.50High, 5 Dec 2025

Market cap: ₹1,06,525 Cr103rd largest listed
P/E: 17.75
P/B: 4.55
Dividend yield: 3.48%
ROE: 27.0%
ROCE: 27.3%
Debt to equity: 0.02
Volume, NSE: 4,14,77136.5% delivered

Hero MotoCorp's shareholding pattern for Sep 2026, filed on 19 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Hero MotoCorp, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters34.72%
Foreign institutions32.22%
Indian institutions23.94%
GovernmentsNone
Individuals and others9.12%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	34.64%	34.64%	34.64%	34.64%	34.63%	34.63%	34.63%	34.63%	34.63%	34.63%	34.63%	34.63%	34.63%	34.63%	34.77%	34.76%	34.76%	34.76%	34.76%	34.76%	34.75%	34.75%	34.78%	34.77%	34.77%	34.77%	34.77%	34.77%	34.76%	34.76%	34.76%	34.75%	34.74%	34.74%	34.74%	34.73%	34.73%	34.73%	34.73%	34.72%
Indian promoters	34.64%	34.64%	34.64%	34.64%	34.63%	34.63%	34.63%	34.63%	34.63%	34.63%	34.63%	34.63%	34.63%	34.63%	34.77%	34.76%	34.76%	34.76%	34.76%	34.76%	34.75%	34.75%	34.78%	34.77%	34.77%	34.77%	34.77%	34.77%	34.76%	34.76%	34.76%	34.75%	34.74%	34.74%	34.74%	34.73%	34.73%	34.73%	34.73%	34.72%
	65.36%	65.36%	65.36%	65.36%	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%	65.23%	65.24%	65.24%	65.24%	65.24%	65.24%	65.25%	65.25%	65.22%	65.23%	65.23%	65.23%	65.23%	65.23%	65.24%	65.24%	65.24%	65.25%	65.26%	65.26%	65.26%	65.27%	65.27%	65.27%	65.27%	65.28%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	27.79%	27.48%	27.00%	28.10%	26.80%	28.34%	28.93%	29.87%	29.59%	27.96%	27.43%	27.05%	28.76%	29.44%	31.15%	31.09%	32.22%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	27.78%	23.69%	23.25%	24.31%	22.98%	24.25%	24.74%	25.57%	25.22%	23.93%	23.58%	23.53%	25.37%	26.02%	27.73%	27.68%	28.91%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	3.78%	3.75%	3.78%	3.81%	4.08%	4.18%	4.29%	4.36%	4.01%	3.84%	3.51%	3.38%	3.40%	3.41%	3.40%	3.31%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	–	–
Bank	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	26.89%	27.29%	27.87%	27.28%	29.14%	28.10%	27.76%	26.88%	26.94%	27.72%	27.90%	27.83%	26.39%	26.36%	24.78%	24.36%	23.94%
Mutual funds	4.26%	4.75%	4.83%	6.64%	6.53%	6.33%	6.41%	6.10%	5.83%	6.60%	7.97%	7.31%	7.43%	7.96%	8.01%	7.47%	5.91%	4.65%	6.29%	7.38%	8.43%	8.71%	9.74%	10.98%	11.07%	12.15%	10.33%	12.49%	13.73%	14.02%	13.75%	14.57%	16.12%	16.27%	15.52%	14.35%	14.41%	13.28%	13.63%	12.27%
Insurance companies	6.55%	6.37%	5.47%	4.21%	4.20%	4.65%	6.31%	6.85%	7.74%	7.62%	8.46%	8.26%	8.43%	8.34%	9.28%	9.29%	8.25%	8.55%	8.57%	1.16%	1.25%	1.20%	1.26%	1.48%	2.14%	1.85%	2.64%	2.58%	2.27%	2.10%	2.28%	2.34%	1.73%	1.41%	1.52%	1.60%	2.06%	2.20%	1.93%	1.85%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.42%	0.42%	0.43%	0.44%	0.19%	0.08%	0.01%	0.10%	0.10%	0.12%	0.12%	0.01%	0.03%	0.05%	0.14%	0.23%	0.24%
Alternative investment funds	–	–	–	–	–	–	–	–	–	Under 0.01%	0.03%	0.23%	0.25%	0.28%	0.27%	0.20%	0.13%	0.07%	0.09%	0.04%	0.06%	0.05%	0.10%	0.09%	0.08%	0.10%	0.13%	0.14%	0.27%	0.25%	0.24%	0.32%	0.19%	0.21%	0.18%	0.21%	0.22%	0.19%	0.13%	0.15%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.09%	0.07%	0.10%	0.11%	0.11%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Sovereign wealth funds, Indian	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.05%	0.08%	0.08%	0.08%	0.09%	0.09%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.83%	13.52%	13.23%	13.63%	13.63%	11.73%	11.37%	10.49%	9.60%	9.53%	9.87%	10.53%	10.12%	9.53%	8.87%	8.33%	9.32%
Other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11.23%	11.23%	11.23%	13.63%	13.63%	–	–	–	–	7.84%	8.15%	–	–	–	–	–	–
Insurance Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8.88%	8.49%	7.27%	5.53%	–	–	–	–	–	–	–	–
Trust	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.66%	8.81%	7.73%	–	–	–	–	–	–	–	–
Qualified Institutional Buyer	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.53%	–	–	8.87%	8.33%	–
Nps trust- a/c hdfc pension fund management limited	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.65%	2.48%	–	–	–
Life insurance corporation of india	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.95%	5.73%	–	–	6.04%
Nps trust- a/c hdfc pension fund management limited scheme e - tier i	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.48%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	–	0.00%	Under 0.01%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.00%	0.00%	–	0.00%	Under 0.01%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.54%	10.45%	10.36%	9.85%	9.30%	8.80%	8.55%	8.49%	8.72%	9.58%	9.92%	10.38%	10.11%	9.47%	9.34%	9.83%	9.12%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8.18%	7.78%	7.98%	7.51%	7.15%	6.64%	6.71%	6.70%	6.89%	7.64%	8.03%	7.98%	7.58%	7.41%	7.41%	7.74%	7.22%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	0.00%	0.08%	–	0.00%	0.00%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.75%	0.79%	0.85%	0.81%	0.68%	0.63%	0.28%	0.34%	0.35%	0.43%	0.35%	0.43%	0.80%	0.32%	0.31%	0.52%	0.34%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.38%	0.37%	0.37%	0.36%	0.33%	0.35%	0.34%	0.34%	0.34%	0.34%	0.38%	0.41%	0.43%	0.44%	0.44%	0.41%	0.41%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.48%	0.48%	0.48%	0.48%	0.47%	0.47%	0.46%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%	0.00%	–	0.00%	Under 0.01%
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	0.00%	0.00%	–	0.00%	0.00%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.68%	0.95%	0.65%	0.66%	0.63%	0.67%	0.70%	0.59%	0.62%	0.65%	0.64%	1.07%	0.80%	0.73%	0.69%	0.66%	0.65%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.43%	0.43%	0.43%	0.43%	0.43%	0.42%	0.42%	0.42%	0.42%	0.42%	0.43%	0.52%	0.52%	0.52%	0.47%	0.44%	0.44%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	0.33%	0.01%	0.03%	0.02%	0.08%	0.11%	0.01%	0.02%	0.03%	Under 0.01%	0.33%	0.08%	Under 0.01%	0.01%	Under 0.01%	0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.20%	0.19%	0.21%	0.20%	0.19%	0.17%	0.17%	0.16%	0.18%	0.20%	0.21%	0.21%	0.20%	0.21%	0.21%	0.22%	0.20%
Promoter shares pledgedShare of the promoters' own shares	7.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Shares in issue	19,96,91,464	19,96,96,838	19,96,96,838	19,96,96,838	19,97,07,021	19,97,11,455	19,97,11,455	19,97,11,455	19,97,19,339	19,97,26,884	19,97,26,884	19,97,26,884	19,97,37,238	19,97,39,368	19,97,41,042	19,97,49,523	19,97,67,610	19,97,80,217	19,97,89,889	19,97,94,200	19,98,05,231	19,98,11,941	19,98,18,653	19,98,22,233	19,98,30,433	19,98,39,718	19,98,41,654	19,98,68,978	19,98,87,153	19,99,21,741	19,99,31,110	19,99,80,118	19,99,99,531	20,00,10,836	20,00,15,708	20,00,67,860	20,00,81,612	20,00,89,777	20,00,92,938	20,01,41,207

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Hero MotoCorp shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	97,903	1,00,252	93,862	98,304	94,956	1,00,261	1,04,918	1,19,543	1,23,565	1,42,221	1,44,714	1,33,583	1,49,665	1,72,845	1,75,753	1,67,836	1,97,980	2,10,827	2,87,548	3,43,898	3,98,538	4,04,056	3,68,721	3,49,522	3,27,773	3,33,054	3,13,104	3,01,498	2,80,547	2,92,828	3,00,146	7,61,259	8,74,658	9,47,407	8,92,622	8,97,033	8,72,499	8,95,516	8,87,953	8,39,722
	16	16	16	16	16	16	16	16	16	16	16	16	16	16	18	18	18	18	18	18	18	17	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20
Indian promoters	16	16	16	16	16	16	16	16	16	16	16	16	16	16	18	18	18	18	18	18	18	17	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20
	97,887	1,00,236	93,846	98,288	94,940	1,00,245	1,04,902	1,19,527	1,23,549	1,42,205	1,44,698	1,33,567	1,49,649	1,72,829	1,75,735	1,67,818	1,97,962	2,10,809	2,87,530	3,43,880	3,98,520	4,04,039	3,68,701	3,49,502	3,27,753	3,33,034	3,13,084	3,01,478	2,80,527	2,92,808	3,00,126	7,61,239	8,74,638	9,47,387	8,92,602	8,97,013	8,72,479	8,95,496	8,87,933	8,39,702
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	744	725	720	769	777	823	899	925	941	957	883	888	911	1,010	1,030	1,007	1,006
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	741	674	666	716	730	769	841	858	876	901	830	839	865	955	971	953	958
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	49	52	51	45	52	56	65	63	54	51	47	44	53	57	52	48
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	0
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	–	–
Bank	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	105	106	102	105	99	100	106	122	122	122	127	122	124	121	119	110	119
Mutual funds	213	202	207	247	30	31	32	31	32	35	37	35	36	32	35	39	35	32	31	32	33	34	34	33	33	33	33	32	33	35	38	37	39	40	37	40	41	43	40	42
Insurance companies	24	18	17	20	17	15	15	15	15	14	14	13	14	14	14	14	13	14	14	12	11	10	12	12	11	12	12	12	11	12	12	12	12	12	13	12	12	12	12	13
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8	8	8	10	12	9	9	14	11	10	9	9	10	11	7	10	10
Alternative investment funds	–	–	–	–	–	–	–	–	–	2	7	6	10	11	10	17	13	12	15	10	14	13	20	21	24	18	18	13	21	23	29	30	25	27	27	29	26	27	19	25
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	3	3	4	3	3	3	3	5	5	9	7	6	5	4	4	4
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	4	4	3	3	2	2	2	2	2	2	2	3	2	2	2
Sovereign wealth funds, Indian	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	2	2	2	2	2	2	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	25	23	24	24	24	20	22	24	25	27	26	25	23	21	22	21	21
Other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	24	24	–	–	–	–	2	2	–	–	–	–	–	–
Insurance Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	–	–	–	–	–	–	–	–
Trust	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	–	–	–	–	–	–	–	–
Qualified Institutional Buyer	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	25	–	–	22	21	–
Nps trust- a/c hdfc pension fund management limited	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	–	–	–
Life insurance corporation of india	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	–	–	1
Nps trust- a/c hdfc pension fund management limited scheme e - tier i	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	1	1	1	1	0	0	–	0	1
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	0	0	–	0	1
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	1	1	1	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3,48,653	3,26,922	3,32,212	3,12,210	3,00,602	2,79,604	2,91,803	2,99,079	7,60,175	8,73,558	9,46,376	8,91,591	8,95,978	8,71,348	8,94,347	8,86,816	8,38,576
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3,35,098	3,13,946	3,19,108	2,99,502	2,88,463	2,67,353	2,79,206	2,85,334	7,10,857	8,22,044	8,92,238	8,39,963	8,38,767	8,11,234	8,31,696	8,25,960	7,80,800
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	0	0	0	0	0	0	0	0	0	–	0	1	–	0	0
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,220	1,137	1,159	1,108	1,051	1,109	1,159	1,310	2,006	2,016	2,063	2,003	2,164	2,146	2,149	2,016	1,910
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7,672	7,453	7,492	7,394	7,126	7,549	7,803	8,419	9,720	10,049	11,512	11,784	12,836	13,025	13,379	13,139	13,049
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	2	1	1	1	2	3	3	2	2	2	2	2	2	2
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7	7	7	7	6	6	6	6	6	6	6	5	5	5	5	5	5
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	2	2	2	2	2	2	2	2	2	2	1	1	0	–	0	1
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	1	1	1	1	1	1	1	1	1	1	–	0	0	–	0	0
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4,650	4,373	4,441	4,193	3,951	3,582	3,624	4,004	37,579	39,436	40,551	37,832	42,202	44,934	47,115	45,693	42,808
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	28	27	24	26	25	28	27	28	33	31	33	43	41	39	46	38	36
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	108	47	51	12	11	10	12	7	18	14	11	10	9	7	5	3	3
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4,514	4,299	4,366	4,155	3,915	3,544	3,585	3,969	37,528	39,391	40,507	37,779	42,152	44,888	47,064	45,652	42,769

Hero MotoCorp promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is BAHADUR CHAND INVESTMENTS PVT LTD, 20.00%. The filing names 143 more members with no shares.Promoter buying and selling

Holder
BAHADUR CHAND INVESTMENTS PVT LTDIndian companies, trusts and others	20.00%	4,00,33,238
PAWAN MUNJAL, RENU MUNJAL AND SUMAN KANT MUNJAL (ON BEHALF OF BMOP, PARTNERSHIP FIRM)Individuals and Hindu undivided families	13.95%	2,79,27,058
HERO INVESTCORP PRIVATE LIMITEDIndian companies, trusts and others	0.44%	8,73,766
PAWAN MUNJAL FAMILY TRUST (PAWAN MUNJAL & ANIESHA MUNJAL)Indian companies, trusts and others	0.10%	2,01,100
RENU MUNJALIndividuals and Hindu undivided families	0.06%	1,11,482
SUMAN KANT MUNJALIndividuals and Hindu undivided families	0.05%	91,250
RENUKA MUNJALIndividuals and Hindu undivided families	0.02%	32,480
SUNIL KANT MUNJALIndividuals and Hindu undivided families	0.02%	32,500
ANIESHA MUNJALIndividuals and Hindu undivided families	0.02%	32,500
VASUDHA DINODIAIndividuals and Hindu undivided families	0.02%	32,500
PAWAN MUNJAL (AS A KARTA OF HUF)Individuals and Hindu undivided families	0.02%	32,500
PAWAN MUNJALIndividuals and Hindu undivided families	0.02%	43,364
RAHUL MUNJALIndividuals and Hindu undivided families	0.01%	10,620
SUMAN KANT MUNJAL (AS A KARTA OF HUF)Individuals and Hindu undivided families	0.01%	10,833
ABHIMANYU MUNJALIndividuals and Hindu undivided families	0.01%	10,620
HERO FINCORP LIMITEDIndian companies, trusts and others	0.00%	1,370
RK MUNJAL & SONS TRUST (RENU MUNJAL)Indian companies, trusts and others	0.00%	8,000
AKSHAY MUNJALIndividuals and Hindu undivided families	0.00%	1,000
UJJWAL MUNJALIndividuals and Hindu undivided families	0.00%	1,000
VIDUR MUNJALIndividuals and Hindu undivided families	0.00%	1,000

No promoter shares are reported as pledged.

Largest public holders of Hero MotoCorp, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Hero MotoCorp

Holder	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I	1.12%	1.17%	1.23%	1.26%	1.42%	1.42%	1.48%	1.35%	1.37%	1.39%	1.51%	1.43%	1.43%	1.41%	1.48%	1.65%	1.64%	1.34%	1.40%	1.37%	1.43%	1.89%	2.40%	2.47%	2.48%	2.48%	2.41%	2.46%	2.55%	2.25%	2.06%	1.94%	2.29%	2.65%	2.65%	2.76%	2.53%	2.37%	2.23%	2.20%
WGI EMERGING MARKETS FUND, LLCForeign portfolio investors, category II	–	–	–	–	–	–	–	–	1.21%	1.42%	1.62%	1.83%	2.33%	2.55%	2.39%	2.26%	2.24%	2.31%	2.19%	2.24%	2.17%	2.16%	2.32%	2.32%	2.31%	2.34%	2.35%	2.44%	2.45%	2.42%	2.39%	2.36%	2.24%	2.12%	2.15%	2.07%	2.00%	1.97%	1.92%	1.82%
LIFE INSURANCE CORPORATION OF INDIAOther Indian institutions	4.25%	4.25%	4.21%	2.94%	2.94%	3.50%	5.17%	5.24%	5.24%	5.24%	5.54%	5.54%	5.54%	5.54%	5.70%	6.23%	6.30%	7.42%	7.42%	10.88%	11.08%	11.03%	11.29%	11.23%	11.23%	11.23%	11.22%	11.21%	8.88%	8.49%	7.27%	5.53%	5.53%	5.92%	6.53%	–	–	5.40%	5.14%	–
NPS TRUST- A/C HDFC PENSION FUND MANAGEMENT LIMITED SCHEME E - TIER IOther Indian institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.33%	2.15%	–
BNP PARIBAS FINANCIAL MARKETForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.01%	–	–	–	–
NPS TRUST- A/C HDFC PENSION FUND MANAGEMENT LIMITEDOther Indian institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.40%	–	–	–	–	–
NPS TRUST- A/C ADITYA BIRLA SUN LIFE PENSION FUNDOther Indian institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.23%	–	–	–	–	–	–
NPS TRUST- A/C KOTAK PENSION FUND SCHEME E - TIEROther Indian institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.17%	1.54%	2.20%	2.31%	–	–	–	–	–	–	–
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITEDInsurance companies	–	–	–	1.20%	1.34%	1.47%	1.44%	1.49%	1.40%	1.33%	1.20%	–	–	–	1.07%	–	–	–	–	–	–	–	–	–	–	–	1.10%	1.11%	–	1.00%	1.08%	–	–	–	–	–	–	–	–	–
GOVERNMENT OF SINGAPOREForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.18%	1.18%	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GOVERNMENT OF SINGAPORE - EForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
NPS TRUST- A/C LIC PENSION FUND SCHEME - STATE GOVOther Institutions	–	–	–	–	–	–	–	–	–	–	–	1.01%	1.10%	1.24%	1.29%	1.30%	1.36%	1.32%	1.30%	1.36%	1.50%	1.56%	1.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIFE INSURANCE CORPORATION OF INDIA P & GS FUNDOther Institutions	–	–	–	–	–	–	–	–	–	1.21%	1.45%	1.45%	1.45%	1.46%	1.70%	2.02%	2.84%	2.84%	2.77%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
SBI LIFE INSURANCE CO. LTDInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.10%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
HERMES INVESTMENT FUNDS PLC ON BEHALF OF HERMES GLOBAL EMERGING MARKETS FUNDInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LAZARD EMERGING MARKETS EQUITY PORTFOLIOInstitutions Foreign Portfolio Investor	–	–	–	1.85%	1.76%	1.76%	1.64%	1.57%	1.50%	1.49%	1.31%	1.30%	1.14%	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
HERMES INVESTMENT FUNDS PLC ON BEHALF OF HERMES GLInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
OPPENHEIMER INTERNATIONAL GROWTH FUNDInstitutions Foreign Portfolio Investor	3.49%	3.49%	3.49%	3.71%	3.71%	3.71%	3.81%	3.81%	3.48%	1.99%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIC OF INDIA MONEY PLUS SECURED FUNDFinancial Institution Or Banks	–	–	–	–	–	–	–	–	1.21%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIC OF INDIA HEALTH PROTECTION PLUS FUNDFinancial Institution Or Banks	–	–	–	–	–	–	1.19%	1.21%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Aberdeen Emerging Markets FundInstitutions Foreign Portfolio Investor	1.27%	1.27%	1.27%	1.08%	1.08%	1.08%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Stichting Depositary APG Emerging Markets Equity PoolInstitutions Foreign Portfolio Investor	–	1.03%	1.11%	1.08%	1.05%	1.07%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Templeton Growth Fund INCInstitutions Foreign Portfolio Investor	1.05%	1.39%	1.39%	1.10%	1.10%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LAZARD EMERGING MARKETS PORTFOLIOInstitutions Foreign Portfolio Investor	–	1.92%	1.92%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ABERDEEN GLOBAL INDIAN EQUITY LIMITEDInstitutions Foreign Portfolio Investor	1.25%	1.22%	1.19%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Lazard Aset Management LLC A/c Lazard Emerging Markets PortfolioInstitutions Foreign Portfolio Investor	1.70%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Lathe Investment Pte LtdOther Institutions	1.21%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Sep 2026 filing

Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Foreign institutions: WGI EMERGING MARKETS FUND, LLC 1.82%, −0.10 pts; GOVERNMENT PENSION FUND GLOBAL 2.20%, −0.03 pts