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Mr. Sunil Kant Munjal

Sunil Kant Munjal is a business promoter, an institution builder, a social entrepreneur, an angel investor, and a thought leader.

He has been joint managing director of Hero Motocorp and is currently Chairman of Hero Enterprise. Besides being an investor, Mr Munjal actively oversees higher education, healthcare & capacity building projects managed by various family trusts.
He is Founder, Serendipity Arts Foundation, a unique social project that promotes and incubates fine and performing arts; he is also President of the Ludhiana Sanskritik Samagam, an organisation that promotes performing arts across North India.

He sits on the boards of India’s iconic educational institutions including ISB, IIM (Ahmedabad) and SRCC. He also heads board that manages The Doon School, India’s premier high school. He is also a board member, DCM Shriram Consolidated, Coca Cola India Advisory Board, Bharti Foundation, and several Hero Group companies.

Has headed India’s premier industry (CII) and management bodies (AIMA). He has been a member of Prime Minister’s Council on Trade & Industry that advised former Indian Prime Minister Manmohan Singh on economic issues. He also chaired the Study Group on Skill Development, Training and Workers’ Education constituted under the Second National Commission on Labour Reforms.

He has prepared a number of socio-economic reports in the areas of skill development, vocational training, CSR and tribal development. He’d made a presentation on skills and training to the PM’s Council, and this triggered many future initiatives on skills. Likewise, his presentations on red tape to the PMO, the commerce and finance ministries activated key policy changes currently being introduced under Ease of Doing Business.

Mr Munjal was a member of the Narasimham Committee in the 1990s that laid a framework for banking and financial sector reforms in India. He has also been a member of the Taskforce on Indirect Taxes (Kelkar Committee), that provided the first concrete roadmap for simplifying India’s indirect tax system, including framework for VAT and GST. He has also been a member of the consultative groups on industry and external sector set up by the Planning Commission.

Ms. Shefali Munjal

Shefali Munjal is a dynamic young business leader, social entrepreneur and a philanthropist.

In 2005, Shefali pioneered the Hero Group’s foray into insurance distribution; she has since transformed a modestly sized division that sold 5000 policies a month into a high growth enterprise that sold over 800,000 a month in 2017. The distribution business has sold 60 million plus policies, with more than 10 million policies sold in FY17 alone — a feat unparalleled in India’s insurance industry.

These efforts have won her a place in the a Businessworld list of Achievers Under 40.

Besides sustaining the growth of Hero Enterprise firms, Shefali is involved in developing futuristic and sustainable businesses that are profitable and socially meaningful and in also nurturing entrepreneurs with innovative business models and technologies that can become global in scale.

Shefali is passionate about levering business and management acumen for socially-relevant causes and leaving behind a legacy of responsible capitalism. Through the family office of Hero Enterprise, she is supporting startups that focus on digital learning, community transportation, healthcare, women empowerment and children’s education.

She is also a Trustee of Serendipity Arts Trust, a unique social project that aims to revive patronage in the arts and plays a pivotal role in designing and executing the Annual Serendipity Arts Festival in Goa, India’s largest and most ambitious interdisciplinary arts festival. Shefali is also independently involved with “Delhi 10,000” — a charity that focuses on feeding people through annual events around the slums of the Delhi.

Shefali is a member of CII’s National Committee on Insurance & Pensions and a founding member of the CII Young Indians Council and the Delhi Chapter of the Entrepreneurs Organization.

Shefali’s strong business and social credentials stand on the bedrock of academics. She was a CBSE Class 12 topper, and is an alumnus of The Lawrence School, Sanawar. She studied at Sri Ram College of Commerce (SRCC) and acquired her Masters in Science with Distinction from Warwick University UK. She also attended the Owner President Management Programs at Harvard Business School and Executive education at INSEAD.

Shefali is also an avid and accomplished photographer, and her work has been featured at prominent photography exhibitions in Delhi.

Mr. Suman Kant Munjal



Mr. Suman Kant Munjal is the Managing Director of Rockman Industries Ltd., one of the leading manufacturers of automotive Aluminum Die Casting components in India.

Mr. Munjal, a graduate in Commerce from Punjab University, has been instrumental in transforming Rockman Industries Ltd. into a leading player in the   die casting industry. Mr. Munjal started his career in Rockman Cycle Industries Limited in 1975, taking over the reigns as the CEO of the Company in 1983. Under his guidance and leadership, Rockman Industries became the World’s largest manufacturer of bicycle chains and hubs.

Mr. Munjal established the Auto Components Division for Rockman in 1995 by manufacturing motorcycle chains and further diversified into the aluminium die-cast auto components space in the year 2000. Under his leadership the business has grown by leaps and bounds. Mr. Munjal is a member of the Board of Directors of the public listed company, Hero MotoCorp Ltd. Mr. Munjal is a fine human being known to lead his Rockman employees as a family. He is involved in a number of philanthropic and cultural activities and actively contributes to many social causes.


Mr. BD Narang Aged About 76 Years , is a  post graduate  in Science M.Sc. ( Agr. Eco ) He  has about  38  years  of experience  and has held senior  positions in various  banks  before  superannuation and  retired as  the  Chairman  and  Managing  Director  of Oriental Bank of Commerce in the year  2005.

During  has  illustrious  career , he has  handled several  special assignments  viz , Alternate Chairman of the Committee  on Banking  Procedures set  up  by Indian  banks Association  for the year  1997-1998, Chaired  a  panel on  Serious  Financial Frauds  appointed  by the  RBI, Chaired a  panel on Financing Construction Industry,  appointed  by the   Indian Bank’ Association  , appointed as  Chairman of Governing  Council  of National  Institute  of  Banking  studies  and  Corporate  Management, Elected member  of the Management  Committee  of India Bank’ Association , Member of the advisory  Council of Banker  Training  College ( RBI ) , Mumbai , etc.

Under his stewardship Oriental Bank was declared Zero Net NPA and Best under a billion-dollar company by Forbes in the Year 2003. Oriental Bank was declared Bank of the year during the year 2004. Oriental Bank also accomplished seamless merger of global trust Bank with itself in the year 2004-2005 and successfully recapitalized itself in the year 2005.

Post  retirement  he has  handled several  assignments viz, Member – Expert group formed  for  examining problems of  distressed  farmers, member – Committee to Oversee the working of National Education and Investor fund (Nominated  by the Ministry  of Co. Affairs  GOL), Technical  Expert  for Co-option in the  Audit  Board  for  Performance  Audit / Reviews in respect of Housing Finance PSUs and Hudco, Advisor National investment fund, Advisor – DSP Merrill Lynch  , Mumbai (Dec 2003 to Sept 2007).

At  present  he is  on the  board  of  3 Listed and  5 Unlisted Companies  incorporated  in India  and aboard. Besides, he is Trustee of the Multiples Venture Capital fund, Mumbai.

Terms and conditions of appointment of Independent Director