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
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- Global
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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. 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.
MOHD. JAMEEL AL RAMAHI
Nominee Director, 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.
MR. LUBOMIR VARBANOV
Nominee Director, IFC
Lubomir Varbanov is Head of New Business for Infrastructure and Natural Resources, Asia Pacific at the International Finance Corporation (IFC). Lubomir has over 20 years of industry and investment experience in emerging and developed markets, and has led and advised on over US$5 billion of investments in all infrastructure sub-sectors worldwide. Prior to assuming his current position, he headed the Global Equity Group for IFC Infrastructure and Natural Resources and earlier worked in a progression of origination, execution and portfolio management roles in IFC’s Petrochemicals, Financial Markets and Oil & Gas teams. Before IFC, Lubomir was Head of Corporate Finance at energy multinational BG Group in London. Lubomir holds a BA in Business Studies and Languages from Regent’s College, London and an MSc in Finance from London Business School. He speaks Bulgarian, French, German and Russian.
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. 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. 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
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. BEN FRASER
Chief Financial Officer
Ben assumed the role of Chief Financial Officer in the year 2020. He is a Chartered Accountant (ICAEW), having trained with Deloitte in London. He brings on board a background of financial discipline and strong corporate governance from over two decades’ experience across diverse industries including financial markets, energy, natural resources, construction, manufacturing, ecommerce, and professional services. He is bottom line focused and has a proven track record of achieving and maintaining business profitability and creating value for shareholders. He is passionate about taking challenges in developing and implementing new business strategies for profitable growth with multi country expansions. He demonstrates leadership skills across multiple functions, teams, and countries in creating a sustainable impact. Ben has wide international experience, including in Eastern Europe and the Far East. He has overseen cross border transactions and billions of dollars of capex investment programmes. His leadership style is combining strategic and tactical subject expertise with collaborative approach.
Prior to joining HFE, Ben has worked as CFO for a decade, including for a company with a premium listing on the LSE and for a national flagship exploration & production company with GDR listing He has also served as a Non-Executive Director, chaired a PLC Board and Audit Committee and been Group Risk Manager for a FTSE100 company. Previously he has held roles with HSBC and Rothschild.
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. NAVEEN KHANDELWAL
Chief Investment & Strategy Officer
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 BD - Solar, Wind & ESS
Arun Tripathi has recently assumed the role of Head – Solar, Wind and Energy Storage businesses at HFE. In his current role, he will be heading other verticals namely Central Procurement and Contract Management, Regulatory & Power sales along with Health Safety and Environment.
Arun brings onboard his committed experience of working across sectors like Energy Storage, Renewable Energy and Telecom for the past 23+ years. He has been a part of Indian Telecom industry for nearly 13 years, developing product & energy solutions. 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 where Arun held strategic role in defining industry solutions includes Indus Towers, Ericsson, Emerson. Arun has deep understanding of renewable energy sector and his core strength lies in evaluating technologies & solutions.
Arun has completed his Bachelor of Engineering in Electronics from Pune University, Maharashtra.
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 - 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 18 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 is a Chartered Accountant with ~17 years of experience. He brings in extensive experience in internal audit and risk advisory domain spanning across various geographies. In his previous stint, Vijay was managing the global SOX program and a global portfolio of internal audits for a large US based ratings and analytics business.
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.
