The Hero Group which started out in
1956

Board of Directors

Dr. Sunil Kant Munjal

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Dr. 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.

Mr. Suman Kant Munjal

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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. S.K. Roongta

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Mr. S.K. Roongta, is an Electrical Engineering graduate from BITS, Pilani and PG Diploma in Business Management (International Trade) from IIFT, New Delhi- Gold Medallist. He is regarded as one of the prominent experts on Strategy and turnaround in Manufacturing Industry in India. Known for this strategic acumen, Mr. Roongta is the key person referred to by the Industry as well as Government for various issues related to mining, metals and power sectors and has been part of various Government and industry forums and expert panels.

He joined Steel Authority of India Ltd (SAIL) as Executive (Marketing) in 1972 and rose to become its Chairman (2006-2010). His astute vision of the micro aspect of the business, global and strategic vision helped him transform SAIL from a position of just a large steel PSU to a steel company admired throughout the world. At the peak of the global meltdown in 2008-09, his key initiatives and deft handling helped SAIL become one of the few companies to emerge stronger from the crisis. The post meltdown performance of SAIL was hailed as a breakthrough achievement by any Indian corporate. Under his leadership SAIL was adjudged by World Steel Dynamics, USA as the 2nd best steel company globally (next to POSCO).

In June 2011, Mr. Roongta joined Vedanta Ltd- a globally diversified resource company as its Managing Director, Aluminium and Power Business (Turnover of $ 3 billion). During his four year stint with the group (till May 2015), he could bring about significant improvements in asset utilization, financial and operational performance and took strategic steps for long term raw materials security. He is presently non-executive Chairman – Bharat Aluminium Company Ltd (BALCO) and Talwandi Sabo Power Ltd (TSPL),both Vedanta group companies. He also serves as Principal Advisor, Essar Steel India Ltd.

He serves as Independent Director on the Boards of ACC Limited, Jubilant Industries Limited (JIL) and Jubilant Agri and Consumer Products Limited and SPML Infra Ld. He had earlier served as Independent Director on the Boards of Axis Bank Ltd, Hindustan Petroleum Corpn Ltd (HPCL), the Shipping Corporation of India Ltd (SCI) and Neyveli Lignite Corpn Ltd (NLC).

His report as Chairman of “Panel of Experts on reforms in the Central PSEs”, constituted by the Planning Commission (2010-2011), widely known as the ‘Roongta Committee Report’, is taken as the benchmark for CPSE reforms. He was also a member of the Steering Committee on Industry for the 12th Five Year Plan (2011-2013) and Chairman of one of the working groups on ‘Reforming Role of CPSEs’. He also served as a member of the committee formed by the Ministry of Corporate Affairs (2011), to formulate a policy document on Corporate Governance.

He served as Chairman, Board of Governors, IIT Bhubneshwar (2012-2015) and is a Member of Board of Management, JKL University, Jaipur.

He holds several important positions in various apex chambers, being Chair of Steel and Metal committee of FICCI, Member of the Managing Committee of PHD Chamber of Commerce & Industry and Chair of National Expert Committee on Minerals and Metals of the Indian Chamber of Commerce (ICC). He is also a fellow member of the All India Management Association.

He is recipient of several awards and accolades including SCOPE Award for Excellence and Outstanding Contribution to the Public Sector Management- Individual Category and Alumnus of the Year Award- IIFT.

Appointment Letter

Ms. Rekha Sethi

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Ms. Rekha Sethi is the Director General of the All India Management Association (AIMA), the apex body for management in India.

AIMA is a non-lobbying organization, working closely with Industry, Government, Academia and students to further the cause of the management profession in India. AIMA makes a salutary contribution to management learning and practice in the country by offering various services in the areas of testing, distance education, research, publications and management development programmes. AIMA is also represented on the Boards of India's premier Business Institutions. With a broad base of 64 Local Management Associations and 30,000 members, AIMA has contributed immensely to the enhancement of management capability in the country over the last five decades.

Rekha took charge of AIMA in June 2008. She has since established AIMA as the preferred platform for discussions and debates on management and strategy issues concerning the Indian management fraternity.

She has deepened AIMA's relationship with the Government of India and India Inc and raised the organization's public profile. AIMA now attracts India's top industry leaders and policy makers on its platform.

Rekha is on the Board of Sun Pharmaceutical Industries, world's fifth largest specialty generic pharmaceutical company and India's top pharmaceutical company, with revenue of over US $ 4.5 billion and a presence in over 150 countries, as an Independent Director. She is on the Board of Sun Pharma Laboratories Ltd and also an Independent Director on the Board of CESC, one of India's leading Power generation and distribution companies and the flagship company in the RP-Sanjiv Goenka Group

She also serves on the Executive Council of the National Board of Accreditation, which is mandated to facilitate quality in technical education syllabi in India. She is a member of the Advisory Board of the Switzerland based St Gallen Foundation think tank, Leaders of Tomorrow – Knowledge Pool.

Prior to joining AIMA, Rekha worked with India's premier industry organization, the Confederation of Indian Industry (CII) for over 17 years. There she led the initiative to create high-profile international events to promote India's economic interests. She established CII's Special Events Division, which conducted the 'India Everywhere' campaign at Davos and 'India@60' campaign in New York and many other mega events in India and overseas. She organized 'Made in India' exhibitions in 12 countries and also the Delhi-based mega industrial shows, Auto Expo and Def Expo.

Rekha started her career at the Centre for Development of Telematics (C-Dot) in 1985 and worked at UDI, India's first yellow pages publisher, before joining CII.

She graduated in English Literature from St Stephens College, Delhi, and has a post-graduate diploma in Advertising and Marketing.

Appointment Letter

Ms. Shefali Munjal

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Ms. 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 iss 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.

CEO MESSAGE

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India was the world’s second-largest steel producer with production standing at 106.5 million tones in 2018. The growth in the Indian steel sector has been driven by domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to India’s manufacturing output. India’s steel production capacity has expanded to 137.975 million tones in FY19. The Indian steel industry is very modern with state-of-the-art steel mills. It has always strived for continuous modernisation and up-gradation of older plants and higher energy efficiency levels.

By understanding, and embracing our customer’s business problems, project objectives and goals, we have been able to build stronger and long lasting relationships that are yielding long term results. We have earned the faith of customers as their trusted supplier (someone they can count on).

Our commitment to the industry is evident in our investing in our people, technology, new products and making our processes more sustainable.

We are proud of what we have achieved, but we recognize that the world in which we operate is constantly evolving and we need to adapt our thinking and behaviour accordingly in line with our Vision and Mission.

Madhur Gupta

Chief Executive Officer



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The spirit to manufacture outstanding products and to manage the perfect balance of fine quality and engineering satisfaction is the philosophy that drives the wheels of progress for Hero Group and its Companies.
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Address: Hero Steels Limited, Hero Nagar
G.T. Road, Ludhiana – 141003, Punjab (INDIA)
Phone: +91-161-4080000
Email: info@herosteels.com