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Sunil Kant Munjal
Chairman, Hero Corporate Service Ltd
Managing Director, Hero Cycles Ltd (C. R. Division)
Sunil Kant Munjal is the Chairman of Hero Corporate Service, the
corporate and services part of the $ 4.2 billion group. He is also MD
and Director on the boards of a large number of group companies that
include Hero Honda Motors, the world’s largest motorcycle manufacturing
venture, and Hero Cycles, the world’s largest cycle manufacturing
company. He was selected by ‘India Today’ – India’s largest English
newsmagazine, as one of the “Faces of the Millennium” for business.
In addition to group companies, Munjal is on the boards of India’s
largest life insurance company, Life Insurance Corporation of India Ltd,
and PNB Gilts Ltd, India’s only listed gilt trading company, and DCM
Shriram Consolidated, a multi-product conglomerate with interests in
sugar, chemicals and fertilisers. He is also on the boards of the Bharti
Foundation, the social service arm of Airtel, India’s largest private
sector telecom company, the Coca Cola India Advisory Board, and the
Indian School of Business, Hyderabad.
Munjal was president (chairman) of Confederation of Indian Industry (CII),
India’s premier business association, for the year 2004-05. He also made
significant contributions to the economic reform process in India.
Munjal has been a member of the Narasimham Committee that was set up in
the 1990s to chart a course for banking and financial sector reforms in
India. He was also part of a committee set up by India’s Central Bank,
the Reserve Bank of India to study the role of directors on Indian banks
and financial institutions. He is currently a member of Prime Minister’s
Council on Trade & Industry that regularly advises Indian Prime Minister
Manmohan Singh on economic issues. He is also co-chair of the Rural
Business Hub Council, a joint initiative of CII & the Union Ministry for
Local Government that seeks to create sustainable economic activities
across India’s rural hinterland.
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