Abhimanyu is a third generation entrepreneur from the illustrious Munjal Family. He has over 14 years of experience in strategic leadership and people management, and has held various executive positions in Hero Group companies. Since 2013, he has been leading the Group’s diversification into Financial Services through Hero FinCorp.
Under his leadership, Hero FinCorp is today one of India’s fastest growing NBFCs, and has been recognized as an ‘Employer of Choice’ by a number of independent agencies and surveys. From two seats occupied in the Finance department of Hero MotoCorp in 2013, it now has over 2,500 touch points spread across 1,008 cities, towns, and villages. The companies AUM has increased from INR 300 Cr. in 2013 to INR 13,000+ Cr. today.
Guided by Hero Group’s belief of growth and nation building, Abhimanyu, has brought financial services to India’s un-banked customers, over 73% of Hero FinCorp’s customers are “new to credit” or first time borrowers, thus creating deep social impact and value for all stake-holders.
A firm believer in innovation and technology, he has also setup a VC fund, called AdvantEdge Partners. The fund helps budding entrepreneurs become innovation leaders by providing access to thought leaders, capital, and scaling opportunities through the vast Hero Group eco-system. Over the past three years, the professionally managed fund has significantly grown its fund value of USD 3 Million and made investments in over 18 startups.
A staunch supporter of strong ties between the Indian industry and policy makers, Abhimanyu is a regular participant and contributor to various Government initiatives and Industry bodies. He is the Vice Chairman of Confederation of Indian Industry (CII) - Delhi State, and an elected member of the state council of Delhi, and Chairman of the sub-committee on Cashless Economy. This initiative, which is run jointly by the Delhi State Government and Confederation of Indian Industries (CII), will work towards bringing financial services to the masses.
He was recently invited to be a part of the ‘Champions of Change’ program, organized by Niti Aayog, this was a unique platform where handpicked business leaders held deliberations on National Policy with the Hon’ble Prime Minister and other top policy makers.
Recognizing his contribution towards Indian Industry and strong business leadership, Abhimanyu was recently felicitated by the Economic Times as ‘40 under 40 business leaders’ in India.