Hero group sets up 'Easy Bill' (The Hindu business Line,New Delhi, Jan 10 2003)

The Hindu Business Line
Jan 10 2003

NEW DELHI, Jan. 9 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.

Archive

	Paying MTNL bills made easy for 45 lakh customers through Easy Bill
	E-mitra ties up with Easy Bill to launch
	Easy Bill
	And Q stands for Queue
	Easy Bill On Expansion Mode (The Financial Express , 16th September 2003)
	Hero's bill collection services
	Hero Groups “Easy Bill” Kicks Off (The Hindu, Business Line, New Delhi, July 23 2003)
	Hero mobikes doing well; no 3-wheeler plan
	Hero group plans to provide bill payments service
	Hero group sets up 'Easy Bill' (The Hindu business Line,New Delhi, Jan 10 2003)
	Hero Group To Set Up Retail Network For Bill Collection.(The Financial Express,All India , Jan 10 2003)
	Easy Bill by Hero Honda.(Economic Times,New Delhi, Jan 10 2003)
	Hero Group enters bill collection system.(Business Standard, New Delhi, Jan 10 2003)