ABOUT US
Hero Future Energies (HFE) carries an illustrious legacy of the Hero Group; a strategic decision of the Group to expand its horizon beyond the flagship automotive business and enter the domain of power generation from clean and renewable sources of energy. Established in 2012, HFE is one of India's leading Independent Power Producer (IPP) with operating plants in wind, grid-connected solar and rooftop solar. The company is ambitious about tapping into the incredible opportunities that lie in both domestic and overseas markets as well as new technologies namely storage, hybrid projects, etc. Our core strengths lie in timely project delivery, unwavering focus on health safety & environment (HSE) standards, developmental capabilities, stringent asset quality standards and design and engineering skills. The company is optimistic about building a robust portfolio of 5GW by 2022.
As the global economy continues its growth trajectory, HFE is poised to provide clean power to industries, businesses, educational institutes, non-profits, and governmental organizations at competitive rates. HFE will assist in reducing dependence on power generated by fossil fuels like coal, oil and natural gas.
ABOUT US
Hero Future Energies (HFE) carries an illustrious legacy of the Hero Group; a strategic decision of the Group to expand its horizon beyond the flagship automotive business and enter the domain of power generation from clean and renewable sources of energy. Established in 2012, HFE is one of India 's leading Independent Power Producer (IPP) with operating plants in wind, grid-connected solar and rooftop solar. The company is ambitious about tapping into the incredible opportunities that lie in both domestic and overseas markets as well as new technologies namely storage, hybrid projects, etc. Our core strengths lie in timely project delivery, unwavering focus on health safety & environment (HSE) standards, developmental capabilities, stringent asset quality standards and design and engineering skills. The company is optimistic about building a robust portfolio of 5GW by 2022. As the global economy continues its growth trajectory, HFE is poised to provide clean power to industries, businesses, educational institutes, non-profits, and governmental organizations at competitive rates. HFE will assist in reducing dependence on power generated by fossil fuels like coal, oil and natural gas.
LEADERSHIP
Late Dr. Brijmohan Lall Munjal
Chairman Emeritus (October 18, 2012 – November 1, 2015)
I am delighted that our dream of HFE has become a reality today. This new company is setting itself tough targets and working in a new environment. I am proud that the third generation of our Munjal family, led by my grandson Rahul Munjal, is spearheading this enterprise with the same commitment and zeal which has become the hallmark of our family and The Hero Group. In years to come, HFE will prove itself to be a pioneer in India and for the globalising world.
Mr. Rahul Munjal
Chairman & Managing Director
I have always been fond of nature and respect it deeply. But the more I read and the more I know about climate change- it disturbs me greatly. I consider myself extremely fortunate to be in a position where I can follow my passion and create a viable business and have a positive impact on our planet. At HFE, it’s our endeavour to bring about a change in the energy mix of the country, by increasing the share of renewables.
Mr. Sunil Jain
Chief Executive Officer
Indian government’s commitment at COP 21 made evident that solar will become the backbone of India’s target for tackling climate change. While the government has been pushing large utilities for RPOs, in my view “Renewable Consumption Obligation - RCO” should be enforced on industrial and commercial users who contribute nearly half (40 – 45%) to the growing CO2 emissions. I firmly believe that RCO adherence should proliferate with every passing day. Industrial and commercial users should mandatorily use at least 10 % of renewables in their energy consumption mix which progressively should escalate to 50% in the next ten to fifteen years’ time. Globally industries are collaborating with government to act upon the issue of climate change, India should take a lead from them.
LEADERSHIP
Late Dr. Brijmohan Lall Munjal
Chairman Emeritus (October 18, 2012 – November 1, 2015)
I am delighted that our dream of HFE has become a reality today. This new company is setting itself tough targets and working in a new environment. I am proud that the third generation of our Munjal family, led by my grandson Rahul Munjal, is spearheading this enterprise with the same commitment and zeal which has become the hallmark of our family and The Hero Group. In years to come, HFE will prove itself to be a pioneer in India and for the globalising world.
Mr. Rahul Munjal
Chairman & Managing Director
I have always been fond of nature and respect it deeply. But the more I read and the more I know about climate change- it disturbs me greatly. I consider myself extremely fortunate to be in a position where I can follow my passion and create a viable business and have a positive impact on our planet. At HFE, it’s our endeavour to bring about a change in the energy mix of the country, by increasing the share of renewables.
Mr. Sunil Jain
Chief Executive Officer
Indian government’s commitment at COP 21 made evident that solar will become the backbone of India’s target for tackling climate change. While the government has been pushing large utilities for RPOs, in my view “Renewable Consumption Obligation - RCO” should be enforced on industrial and commercial users who contribute nearly half (40 – 45%) to the growing CO2 emissions. I firmly believe that RCO adherence should proliferate with every passing day. Industrial and commercial users should mandatorily use at least 10 % of renewables in their energy consumption mix which progressively should escalate to 50% in the next ten to fifteen years’ time. Globally industries are collaborating with government to act upon the issue of climate change, India should take a lead from them.
Board of Directors
- India
- |
- Global
MR. RAHUL MUNJAL
Chairman & Managing Director
- Member of National Council, CII and Co-Chair of CII National Committee on Solar Energy
- Director at Rockman Industries Ltd., a Hero group company engaged in manufacturing of aluminum die casting, alloy wheels, drive chain, cam chains and automotive components
- Director at Hero Housing Finance Limited – a subsidiary of Hero Fin Corp and is a housing finance company providing home loans pan India
- Previous manufacturing and sales & marketing experience at Honda Motorcycles, USA and Hindustan Levers, India
- Degree in Economics from the University of Rochester, USA
- Director at Conduit – A London based members club of a diverse community of people passionate about driving social change
- Member of ADaRSH, an independent body set up by MNRE and The Energy and Resources Institute (TERI) to facilitate unbiased and transparent process of implementing 'GRIHA‘ (Green Buildings Rating System India).
- Awarded ‘Global Excellence Award – 2014 in Renewable Energy by Energy and Environment Foundation (EEF)
- Awarded ‘National Award for Excellence’ as Renewable Energy Leader & Entrepreneur of the Year 2015 by World CSR Congress
MS. RENU MUNJAL
Director
- Managing Director of Hero FinCorp Ltd., a Company promoted by Hero MotoCorp Ltd
- Instrumental in the overall growth of Hero FinCorp Ltd. and was the Executive Director of Hero MotoCorp Ltd. for about 3 years before taking over Hero FinCorp Ltd. as a whole-time Director besides managing corporate affairs
MR. VIVEK MEHRA
Independent Director
- Former Executive Director at PwC with over 35 years of experience in tax, regulatory and M&A tax structuring and consulting space
- Earlier, independent director on the Board of Union Bank of India, Punjab & Sind Bank and Ranbaxy Laboratories
- Director of Jubilant Life Science Ltd, DLF Limited, HT Media and Bharat Hotels
MR. SYED GULREZ HODA
IFC & IFC GIF Nominee Director
- Founder Trustee, Hikmat Foundation Ex-Member, Bihar State Planning Board
- Ex-Director, Infrastructure and Natural Resources, Europe, Central Asia, Middle East & North Africa- led IFCs business in power, telecommunication, transport, oil & gas and mining.
- Ex-Advisor to Executive Director(India), World Bank
- Ex-Director, Fund bank Division, Government of India
MR. ABHIMANYU MUNJAL
Director
- Joint Managing Director and CEO of Hero FinCorp Limited
- His expertise in treasury, banking and finance, strategic planning and identifying merger and acquisition has been instrumental in elevating Hero FinCorp Ltd.
MR. RAHUL MUNJAL
Chairman & Managing Director
- Member of National Council, CII and Co-Chair of CII National Committee on Solar Energy
- Director at Rockman Industries Ltd., a Hero group company engaged in manufacturing of aluminum die casting, alloy wheels, drive chain, cam chains and automotive components
- Director at Hero Housing Finance Limited – a subsidiary of Hero Fin Corp and is a housing finance company providing home loans pan India
- Previous manufacturing and sales & marketing experience at Honda Motorcycles, USA and Hindustan Levers, India
- Degree in Economics from the University of Rochester, USA
- Director at Conduit – A London based members club of a diverse community of people passionate about driving social change
- Member of ADaRSH, an independent body set up by MNRE and The Energy and Resources Institute (TERI) to facilitate unbiased and transparent process of implementing 'GRIHA‘ (Green Buildings Rating System India).
- Awarded ‘Global Excellence Award – 2014 in Renewable Energy by Energy and Environment Foundation (EEF)
- Awarded ‘National Award for Excellence’ as Renewable Energy Leader & Entrepreneur of the Year 2015 by World CSR Congress
MR. PAWAN MUNJAL
Director
- Chairman, Managing Director and CEO of the Hero MotoCorp
- Chairman & Director of Hero FinCorp and Director of DCM Shriram
- Played a significant role in the growth and market leadership of Hero Honda Motors
- Member of the World Economic Forum, Development Council for Automobile & Allied Industry (DCAAI) and Board of Trade (BOT) constituted by the Government of India
MR. JEAN-PAUL PINARD
IFC GIF Nominee Director
- Spent 17 years with the International Finance Corporation, Washington, DC (IFC)
- At IFC, he was Director of the Agribusiness Department, responsible for managing IFC’s global investment portfolio in agri-business and food sectors
MR. SYED GULREZ HODA
IFC Nominee Director
- Founder trustee, Hikmat Foundation
- Ex-Member, Bihar State Planning Board
- Ex-Director, Infrastructure and Natural Resources, Europe, Central Asia, Middle East & North Africa- led IFCs business in power, telecommunication, transport, oil & gas and mining.
- Ex-Advisor to Executive Director(India), World Bank
- Ex-Director, Fund bank Division, Government of India
MR. ABHIMANYU MUNJAL
Director
- Joint Managing Director and CEO of Hero FinCorp Limited
- His expertise in treasury, banking and finance, strategic planning and identifying merger and acquisition has been instrumental in elevating Hero FinCorp Ltd.
MR. NITIN BHANDARI
Independent Director
- Partner at Pamplona Capital Management, London
- Head of Direct Investments, LetterOne Treasury
- Member of the Institute of CA in England and Wales
- Over 27 years of experience across the spectrum of investing, financing and advisory services
MR. MATTHEW ALLEN
Director
- Director of Minerva’s, London
- Worked in the fiduciary industry for over fifteen years, providing company secretarial and administration services to a broad range of clients ranging from high net worth individuals to large multinational corporations
MR. ANDREW HALL
Independent Director
- Ex-Group CFO, Siemens Gamesa Renewable Energy SA
- Having impressive track record of more than 15 years in renewable sector
- Worked globally, across a breadth of highly technical verticals including engineering, manufacturing and services, and has extensive experience of commercial business-to-business environments
Mohd. Jameel Al Ramahi
Chief Executive Officer, Masdar
As Chief Executive Officer (CEO), Mohamed Jameel Al Ramahi leads the strategic development of Abu Dhabi Future Energy Company (Masdar), today a leading global commercial enterprise in renewable energy and clean technologies.
A company veteran, he has played an instrumental role in the company’s emergence over the last decade, both as a catalyst for renewable energy in the Arab world and as an early adopter of advanced clean technologies at scale in key international markets.
Joining Masdar as Head of Internal Audit & Compliance in 2008, Al Ramahi established the firm’s enterprise risk management function, before being appointed Director of Corporate Services & Financial Affairs in March 2011 and then Chief Financial Officer in December 2012.
Al Ramahi served as Chief Operating Officer from 2013 to 2016, driving substantial bottom line growth and operational efficiencies across the organization.
In February 2016, Al Ramahi succeeded Dr Ahmad Belhoul as CEO. His appointment coincided with Masdar’s 10th anniversary and further expansion of the firm’s commercial portfolio, including the ramping up of construction at the flagship sustainable urban community Masdar City in Abu Dhabi, and the award of a number of large-scale renewable energy projects.
Under Al Ramahi’s leadership, a Masdar-led consortium was chosen to develop the 800-megawatt (MW) third phase of the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai in partnership with Dubai Electricity and Water Authority (DEWA), after quoting a record-low price for solar power of 2.99 US cents per kilowatt-hour.
The photovoltaic (PV) project will be the largest solar power plant in terms of electricity output when completed in 2020. Al Ramahi is the Chairman of the Masdar Investment Committee and serves on the board of a number of prominent corporations, joint ventures and special entities. These include Shuaa Energy 2 PSC (developing the 800MW third phase of Dubai Solar Park), Medical Holding Company, and the UAE-based district cooling firm Tabreed.
Before joining Masdar, Al Ramahi ran the internal audit and risks management function of Abu Dhabi Gas industries Limited (GASCO). He holds a bachelor’s degree in business administration & finance from the University of Evansville in the United States.
India Management Team
MR. SUNIL JAIN
Chief Executive Officer
Sunil is the Chief Executive Officer of HFE. He has over 30 years of experience in various business areas particularly in auto and infrastructure sectors. Sunil played an instrumental role in establishing Green Infra Limited and making it achieve a prominent position in the industry amongst renewable IPPs in India. Sunil is also the President of Wind IPP Association and Member National Council of Indian Wind Power Association. Sunil is a Mechanical Engineer from Birla Institute of Technology, Mesra, Ranchi and holds MBA from Faculty of Management Studies, Delhi University.
MR. RAJESH PURI
Head F&A
Rajesh joined HFE on August 12th, 2019 and will be operating from Delhi office. Prior to this, he has been with Azure Power, HFE, Moserbaer India, Malana Power, Escorts Finance, K&Co. and AF Ferguson & co.
MR. K.V. SAJAY
President – Solar, Wind And Regulatory Affairs
K.V. Sajay is President – Solar, Wind and Regulatory Affairs at Hero Future Energies (HFE), renewable energy arm of the Hero Group. Sajay leads the wind and solar utility businesses at HFE, focussing on value excellence of the RE projects by program management of design & engineering, supply/project/service contract performance management, regulatory & power off-take contract along with requirements of health, safety & environment. Sajay’s journey in renewable energy sector began in the year 2002 with Vestas Wind Systems and then with Siemens Gamesa Renewable Energy, since latter’s inception in India in year 2009. In India and Sri Lanka, Sajay has been directing renewable power capacity additions of over 6000 MWs. Other than achieving a lower Cost of Energy (CoE) by optimising the right renewable technology with the available renewable resources (wind orsolar resource, land, evacuation etc) Sajay has led couple of 1st time initiatives in the Indian renewable industry. India’s first wind farm Re-Powering project in Tamil Nadu and India’s first commercial level wind-solar hybrid project in Karnataka is worth a mention. Sajay is a mechanical engineer with specialization in Business Process Re-engineering (at ITW Signode India). He in his personal capacity believes in high capital value of human resource and drives a project of ‘Power of One’ for the upliftment of underprivileged.
MR. NAVEEN KHANDELWAL
Chief Investment & Strategy Officer Chief
He has around 14 years of experience in power sector covering areas such as corporate finance, equity investments, transactions, capital raises, M&A, growth strategy and project finance. He has played a pivotal role in growth of HFE’s renewable portfolio, wind & solar collectively, to 1 GW in last 4 years. He was also instrumental in launching the country’s first certified green bond for the expansion of HFE wind portfolio. In the past, he has worked with SembCorp Green Infra, SBI Capital Markets and NTPC Limited. He is responsible for all investments done by company, capital raises both equity as well as debt, corporate development & strategic business development. Naveen is an engineering graduate from the National Institute of Technology, Jaipur and has a master’s degree from XLRI, Jamshedpur. He is also a CFA charter holder from the US.
MR. ATUL RAAIZADA
Head, Project & O&M Head
Atul Raaizada is Head, Projects & O&M at HFE. His overall experience comprises of 23 years in industries such as renewable & converting industry. He has worked with Green Infra, Suzlon Infrastructure, Jindal Poly Films, Flex Industries. He is an Electronics Engineer from Nagpur University and PMP from IIM Indore.
MR. ARUN TRIPATHI
Head of Energy Storage
Arun Tripathi has recently assumed the role of Head – Energy Storage business at HFE. Arun brings onboard his committed experience of working across industries for the past 19 years. He has been a part of Indian Telecom industry for last 13 years, developing product & energy solution. He has successfully led many ‘first time’ projects in telecom industry like Variable speed DG, deployment of lithium ion battery and VRLA & lithium hybrid solution. Prior to joining HFE, he was designated as General Manager – Power & Utilities at Reliance Jio Infocomm Limited. The other companies in this sector, where Arun held strategic role in defining industry solution includes Indus Tower, Ericsson, Emerson. In his current role he will be accountable for developing market for energy storage solution in ancillary services, off grid back solution & industrial/commercial energy backup solution. Arun has
MR. R. SUNDER
Head, Rooftop Solar
Mr. Sunder heads the Rooftop Department at HFE, In his last stint, he worked with Aircel Ltd. Mr. Sunder has 20+ years of experience. He has done B.E (Chemical) from IIT Roorkee and PGDM from IIM Lucknow. Some of the Organizations he has worked with are Aircel, Bharti Airtel, Godrej GE Appliances and SRF.
MR. SUDHIR PATHAK
Head of Engineering
Sudhir Pathak is Head of Engineering at HFE. With B.Tech in Electrical Engg ( in Hons) from IIT BHU. He is having 24+ years of extensive experience in the field of Design, Engineering ,Erection,Testing & Commissioning of Thermal Power and Renewable Energy (Solar/Wind) projects including substation design upto 765KV Level. He has worked with Tata motors, NTPC, Lanco Infratech, Welspun energy, ACME at various capacity. Prior to HFE, he was working with ACME cleantech as Head (Engg & Technology) -Solar Projects. To his name, there is a patent and two technical papers published. He has been one of the regular Speakers/panelists in various renewable energy conferences.
MRS. BHAWNA K. MITAL
Head - HR
Bhawna heads the HR team at HFE. SHe has over 13 years of experience in Generalist HR profile. Prior to HFE, she was with Encyclopaedia Britannica (India), Degremont Ltd (SUEZ Environment), Tractebel Engineering (GDF SUEZ Group). She has done her B.Sc from Dr. B.R.Ambedkar University, Agra & MBA from Banasthali Vidyapith, Rajasthan.
MR. VIJAY AGARWALLA
Head – Risk, Internal Audit & Compliance
Vijay has 16+ years of experience. He has done B. Com from University of Delhi and C.A. from ICAI. Some of the organizations he has worked with are Pernod Ricard (I) Pvt Ltd, Macquarie Group, Ernst & Young and T.R. Chadha.
MR. BIRENDRA PANDEY
Head-International Business
In his two decade overall experience, he has more than 16 years’ experience in International Business in practically all markets of the world. Has led International Business sales in reputed organizations like Cummins, Tata Power Solar and Adani Solar and now leads the International Business Development portfolio in Hero Future Energies in selected markets in the world. He has been in the renewable energy space for last nine years and has set up the International Business Sales for Tata Power Solar and Mundra Solar PV Ltd. Specializes in International Business strategy, Supply Chain strategy, Setting new Business in International markets for different products ,International Product strategy and Risk management of Investment portfolio. Birendra is a Mechanical Engineer from BIT Mesra Ranchi and has a Master’s degree in International Business from Symbiosis Pune.
MRS. MEENAKSHI SARKAR
Head, Branding & Corporate Communication
Meenakshi handles the branding and external communication of HFE. She has over 11 years of experience in this field of work. Prior to joining HFE she worked with Bridge To India, MSL Group, Torrent Pharma and Simulations India. She has done her B.Sc. (Economics) from Calcutta University, MA Psychology from IPMS & MBA (Marketing) from Pondicherry University.
CORPORATE GOVERNANCE
We at HFE acknowledge that with great power, comes great responsibility! HFE breathes into its core a well-defined corporate governance structure, the roles and responsibilities of which are exhaled into each of its constituents, thus ensuring balanced contribution by all constituents. We envision a mutually beneficial relationship by delivering congruency between the best interest of all our stakeholders and business functionality and are religiously dedicated towards that vision. As a result, we are able to attract the confidence and trust of our capital providers, both human and financial – a trust that is of utmost value to us and forms a primary building block of our success.With immense pride we share that our employees are constantly motivated and empowered to contribute their best efforts towards the performance of our corporate entity by doing business with humanity in mind. We thrive to create an environment where our highly valuable workforce makes conscious and constant efforts for environment sustainability and overall community development.
CORPORATE GOVERNANCE
We at HFE acknowledge that with great power, comes great responsibility! HFE breathes into its core a well-defined corporate governance structure, the roles and responsibilities of which are exhaled into each of its constituents, thus ensuring balanced contribution by all constituents. We envision a mutually beneficial relationship by delivering congruency between the best interest of all our stakeholders and business functionality and are religiously dedicated towards that vision. As a result, we are able to attract the confidence and trust of our capital providers, both human and financial – a trust that is of utmost value to us and forms a primary building block of our success.With immense pride we share that our employees are constantly motivated and empowered to contribute their best efforts towards the performance of our corporate entity by doing business with humanity in mind. We thrive to create an environment where our highly valuable workforce makes conscious and constant efforts for environment sustainability and overall community development.
Planet Positive Power
We have a longstanding commitment towards the preservation of the planet. We aim to lead a change in generating energy by minimizing carbon emissions and providing sustainable, cost-effective and clean power which goes a long way in preserving natural resources for our future generations. We have also initiated the Green Code guidelines for sustainable living in professional and personal life.