Law provides voting rights to all shareholders proportionate to their holding in the Company. Hero encourages shareholders to exercise their voting rights and actively participate in decision making process.


Mr. M. Damodaran

Non-Executive and Independent Director

Mr. M. Damodaran is a Non-Executive and Independent Director on the Board of the Company. He has held a number of important positions in the Central and State Governments and in India's financial sector. This includes being the Chairman, Securities and Exchange Board of India (SEBI), Chairman, Unit Trust of India (UTI), Chairman, Industrial Development Bank of India (IDBI) and Chief Secretary, Government of Tripura. After successful tenures at UTI and IDBI, where he led the turnaround efforts, and at SEBI, where he introduced improved corporate governance practices, he set up Excellence Enablers Private Limited (EEPL), a corporate governance and Board advisory consultancy firm. His pioneering role in promoting corporate governance in India invests EEPL with an experience-based leadership role in corporate governance advisory work. In addition, he is presently a consultant, advisor, coach and mentor and serves on the Boards of some of the leading companies in India as well as on the Advisory Boards of some foreign entities.

Mr. Damodaran is also on the board of the following companies:

  • Independent Director - Larsen and Toubro Limited
  • Independent Director - Tech Mahindra Limited
  • Independent Director - CRISIL Limited
  • Independent Director - Biocon Limited
  • Independent Director - InterGlobe Aviation Limited
  • Director - Excellence Enablers Private Limited
  • Independent Director - Kerala Infrastructure Fund Management Limited
  • Director - Bajaj Allianz General Insurance Company Limited
  • Director - Bajaj Allianz Life Insurance Company Limited

Terms of Appointment