Board of Directors

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Mr. Sunil Kant Munjal

skmMr. Sunil Kant Munjal is a senior member of the Hero Group and is responsible for developing growth strategy and implementation of new business plans for the Group. He was selected by ‘India Today’ – India’s largest English news-magazine, as one of the “Faces of the Millennium” for business. He is the Joint Managing Director of Hero MotoCorp, the world’s largest motorcycle manufacturing company and Chairman of Hero Corporate Service Private Limited, the Corporate office for the Hero Group. He is also the Managing Director of Hero Steels Limited, a steel processing unit based at Ludhiana. Mr. Munjal was President of Confederation of Indian Industry (CII), India’s premier business association, for the year 2004-05. He continues to be actively involved in the Confederation’s various programs at a strategic and intellectual level, and heads the national council for economic policy. Mr. Munjal has made significant contributions to the economic reform process in India. He is currently a member of Prime Minister’s Council on Trade & Industry that regularly interacts with the Indian Prime Minister on economic issues. Mr. Munjal has also been involved in the preparation of a number of socio-economic reports in the areas of skill development, vocational training, CSR and tribal development. Mr. Munjal is the President of the Dayanand Medical College & Hospital managing society, Ludhiana (one of North India’s largest hospital cum medical colleges). He is also the President of the Ludhiana Sanskritik Samagam, an organisation that promotes performing arts across North India. In addition, Mr. Munjal is involved in a number of other social and philanthropic activities.

Ms. Shefali Munjal
Executive Director
Ms. Shefali Munjal is a focused, enthusiastic and energetic young leader from India’s Hero Group. Having created a niche skill set in setting up and executing projects, she has been at the forefront of developing some of the Hero Group IT-enabled services businesses over the last few years. Besides this project setup, she has been an integral part of the business development and strategic decision making team at Hero Corporate. With a strong process driven approach, Shefali is actively involved in strategic reviewing of operations and is a hands-on team player. She has vast experience in project management and business building, distributor management, strategic initiatives and innovations. Her knowledge base includes Insurance distribution, business process outsourcing, Real Estate development, franchisee management, turnkey project setup, software services, automotive product development and Information Technology consulting. Her core value system is reflected in both her social / business projects undertaken over the past few years. This is well reflected in her independent promotion of several Rural Rehabilitation projects in the Delhi area. She is currently a member of the CII’s National Committee on Insurance & Pensions, a founding member of the CII Young Indians Council, the Entrepreneurs Organization (Delhi Chapter) and The Art of Living Foundation.

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. Pradeep Dinoda
Independent Director

Mr. Pradeep Dinodia is the Designated Principal Partner at S.R. Dinodia & Co, LLP, Chartered Accountants, a member of the MGI Global Network. He looks after the

didoiaCorporate, Legal, FEMA, Company Law and Accounting and Direct Tax verticals. He is an expert in Direct Taxes and a Senior Counsel in the Income Tax Appellate Tribunal in India. Mr. Dinodia has vast experience in corporate governance in large Indian corporates and is currently an independent Director in Hero Motocorp Ltd., DCM Shriram Consolidated Ltd. JK Lakshmi Cement Ltd., Shriram Piston & Rings Ltd., DFM Foods Ltd., Ultima Fininvest Ltd., SPR International Auto Exports Ltd., Micromatic Grinding Technologies Ltd and Hero Corporate Services Ltd.

Mr. Dinodia also chairs various committees in these companies, such as, the Audit, Remuneration, Shareholders Grievances, Corporate Governance Committees etc. He is also Chairman of Board of Directors of Shriram Piston & Rings Ltd.

Mr. Dinodia is a Graduate with Honors in Economics from St. Stephens’ College, Delhi University. He also holds a LL.B. degree from Delhi University. He is a Fellow member of the Institute of Chartered Accountants of India. He is also recipient of the R.V.K.Umarjee Gold Medal of the Institute. He has authored several papers and has been a key note speaker in various academic and scientific forums.

Recently he co-authored & published (October2013) a book “TRANSFER PRICING DEMYSTIFIED” with his daughter & partner Ms Pallavi Dinodia.  This book has become an instant best seller and its first print was sold out within less than one month of its publication.

Mr. Ajay S. Shriram
Independent Director


Mr. Ajay S. Shriram is Chairman and Sr. Managing Director of DCM Shriram Limited and Chairman of its subsidiary company, Shriram Bioseed Ventures Ltd.

DCM Shriram and the group has a turnover of approx. Rs.6400 Crores. The business portfolio of the Group comprises of the following:

1. Agri Business: Urea & Phosphatic Fertilisers, Sugar, Farm Solution Business covering entire range of inputs, R&D based Hybrid Seeds, etc.

2. Chloro-Vinyl Business: Caustic Soda, Chlorine, Calcium Carbide, PVC Resin,  PVC Compounds, Power and Cement.

3. Value Added Business: Fenesta Building Systems (UPVC-polymer Window and Door systems).

The Group’s R&D based Hybrid Seeds business has its presence in India, Vietnam, Philippines and Indonesia.

Post his schooling from The Doon School, Dehradun (India), Mr. Shriram obtained a Bachelors degree in Commerce from Sydenham College, Bombay. He attended various training & management development programs in India & overseas and participated in the “Programme for Management Development” (PMD) at the Harvard Business School, Boston, USA.

He is the Chairman of the Governing Body of Shri Ram College of Commerce (SRCC), a Trustee of SOS Children Villages of India and a Patron of Save the Children India.

He was President & Chairman of International Fertilizer Industry Association (IFA), Paris, (2009-11), Chairman, Agriculture Committee, International Fertilizer Industry Association, Paris (2003-05), Chairman, Fertilizer Association of India (2000-02), Member, Asian Food & Agribusiness Advisory Board, Asia, Rabobank International (2006-09), Member, Board of Governors, The Doon School, Dehradun (India) (2002-08), Member, Board of Governors, Indian Institute of Management, Lucknow (India)  (2002-07), Board of Governors, Indian Institute of Foreign Trade, New Delhi (India) (2003-06).