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Board of Directors---------

Name of the Directors Designation
Mr. Sunil Kant Munjal Chairman & Non-Executive Director
Mr. Neeraj Munjal Managing Director
Mr. Satyanand Munjal Non-executive Director
Mr. Brijmohan Lall Munjal Non-executive Director
Mr. Om Prakash Munjal Non-executive Director
Mr. Vijay Munjal Non-executive Director
Mr. Bhagwan Dass Narang Non-executive & Independent Director
Mr. Surrinder Lal Kapur Non-executive & Independent Director
Dr. Vinayshil Gautam Non-executive & Independent Director
Dr. Anil Kumar Gupta Non-executive & Independent Director

MR. SUNIL KANT MUNJAL

Mr. Sunil Kant Munjal is a Commerce Graduate and has trained as a Mechanical Engineer. He is the Managing Director of Hero Cycles Ltd. (C.R.Division) and Hero Management Service Limited, and the Chairman of Hero Corporate Service Limited, the services business arm of the Hero Group. He was also Past President of Confederation of Indian Industry (CII), during 2004-05. He is a visiting faculty for lectures in Business Studies and Holistic Management Practices at a number of companies and Business Schools.

Mr. Sunil Kant Munjal is currently on the board of the following public limited companies

Name of Company Nature of Office
Shivam Autotech Limited Chairman and Director
Hero Cycles Limited Managing Director
Hero Management Service Limited Managing Director
Hero Honda Motors Limited Director
Hero Corporate Service Limited Chairman and Director
Hero Motors Limited Director
Satyam Auto Components Limited Director
Easy Bill Limited Director
DCM Shriram Consolidated Limited Director
PNB Gilts Limited Director
Munjal Acme Packaging Systems Limited Director
Life Insurance Corporation of India Member

MR. NEERAJ MUNJAL

Mr. Neeraj Munjal has been involved from concept to the commissioning of the project which went on stream in the year 1999. Since then, he is spearheading the operations of the Binola unit. He successfully handled the operations that have brought the Company to this level. He brings with himself experience of 18 years in auto components sector.

Mr. Neeraj Munjal holds a Diploma in Business Management from Bradford & Ilkley Community College, England, besides a Bachelors Degree in Commerce. He has been a Whole-time Director of Munjal Auto Industries Ltd. since February, 2000. Before joining Munjal Auto, he has worked with Hero Exports as its Chief Executive.

Mr. Neeraj Munjal is currently on the board of the following public limited companies:

Name of Company Nature of Office
Shivam Autotech Limited Managing Director

MR. SATYANAND MUNJAL

Mr. Satyanand Munjal is one of the founder members of the Hero Group. He is Co-Chairman and Managing Director of Hero Cycles Limited, the flagship Group Company. Under his leadership Hero Cycles Limited became the `largest manufacturer of cycles in the world'. He believes in change, innovation, modern technology and power of dream. He has not only nurtured the Hero Group but also has made it the fastest growing enterprise in Northern India. A philanthropist by nature, he also serves on the Board of various social institutions.

Mr. Satyanand Munjal is currently on the board of the following public limited companies:

Name of Company Nature of Office
Shivam Autotech Limited Director
Hero Cycles Limited Co-Chairman and Managing Director
Munjal Auto Industries Limited Chairman and Director
Rockman Industries Limited Chairman and Director
Satyam Auto Components Limited Director

MR. BRIJMOHAN LAL MUNJAL

Mr. Brijmohan Lall Munjal is Chairman of the Hero Group and one of the foremost and most respected industrialists of India. He has enriched the Hero Group with his vision of sound business governance and value driven management practices. His foresight has made the Hero Group a leader in its business. The Group companies have been honored with the best industrial governance and safety awards. He is the past president of CII, SIAM and a member of the Regional Board of the Reserve Bank of India. He has also been conferred the distinguished civilian honour – Padma Bhushan by the Government of India in recognition of his contribution to the Indian Industry and society at large. He also received a Lifetime Achievement Award for excellence in Corporate Governance in 2005 from the Institute of Company Secretaries of India. Hemwati Nandan Bahuguna Garhwal University has conferred upon him Doctor of Letters (Honoris Causa).

Mr. Brijmohan Lall Munjal is currently on the board of the following public limited companies:

Name of Company Nature of Office
Shivam Autotech Limited Director
Hero Cycles Limited Chairman and Director
Hero Honda Finlease Limited Chairman and Director
Hero Honda Motors Limited Chairman and Whole-time Director
Munjal Showa Limited Chairman and Director
Munjal Auto Industries Limited Director
Sunbeam Auto Limited Chairman and Director
Easy Bill Limited Director
Hero Financial Services Limited Director

MR. OM PRAKASH MUNJAL

Mr. Om Prakash Munjal is a co-founder of Hero Group. He is Co-Chairman cum Managing Director (Marketing) of Hero Cycles Limited, the flagship Group Company. He carries enriched experience and due to his rare administrative and entrepreneurial skills, Hero Cycles has found its position in the Guinness Book of World Records. In the year 1990, he was awarded the Indira Gandhi National Unity Award by the President of India.

Mr. Om Prakash Munjal is currently on the board of the following public limited companies:

Name of Company Nature of Office
Shivam Autotech Limited Director
Hero Cycles Limited Co-Chairman and Managing Director
Majestic Auto Limited Chairman & Director
Hero Financial Services Limited Chairman & Director
Hero Motors Limited Director
Munjal Auto Industries Limited Director
Highway Industries Limited Director
Hero Global Design Limited Director
Easy Bill Limited Director
Hero Honda Motors Limited Director
Hero Honda Finlease Limited Director

MR. VIJAY MUNJAL

Mr. Vijay Munjal is a Graduate and has put in more than 35 years in bicycle & automobile industries. He is Managing Director (International Marketing) of Hero Cycles Limited. It is due to his efforts that 'Hero' is setting new horizons across frontiers in more than 80 countries.

Mr. Vijay Munjal is currently on the board of the following public limited companies:

Name of Company Nature of Office
Shivam Autotech Limited Director
Hero Cycles Limited Managing Director
Highway Industries Limited Chairman and Director
Majestic Auto Limited Director
Hero Motors Limited Director
Munjal Auto Industries Limited Director
Satyam Auto Components Limited Director
Rockman Industries Limited Director

MR. BHAGWAN DASS NARANG

Shri Bhagwan Dass Narang is a Post Graduate in Agricultural Economics and brings with him 32 years of banking experience. During this period, he also held the coveted position of the Chairman and Managing Director of Oriental Bank of Commerce.

Mr. Bhagwan Dass Narang is currently on the board of the following public limited companies:

Name of Company Nature of Office
Shivam Autotech Limited Director

MR. SURRINDER LAL KAPUR

Mr. Surrinder Lal Kapur is a practicing Advocate with specialization in Company Law and Industrial Laws relating to Sick Industries, Industrial Finance, Acquisitions and Mergers. He brings with him enriched and wide experience of 46 years. Presently he is working as an honorary adviser to the President, PHDCCI. In the past he has served as member of the Board for Industrial and Financial Reconstruction (BIFR) for a period of four years.

Mr. Surrinder Lal Kapur is currently on the board of the following public limited companies:

Name of Company Nature of Office
Shivam Autotech Limited Director
Dhir & Dhir Asset Reconstruction & Securitisation Company Limited Director
Yes Bank Limited Director
Anika International Limited Director
Sara Textiles Limited Director
Uniproducts (India) Limited Director

DR. VINAYSHIL GAUTAM

Dr. Vinayshil Gautam is a widely respected consultant and practitioner of Management in India and abroad. At present, he is attached with Indian Institute of Technology (IIT), Delhi as a Professor of Management.

Dr. Vinayshil Gautam is currently on the board of the following public limited companies:

Name of Company Nature of Office
Shivam Autotech Limited Director
KEC International Limited Director
JK Industries Limited Director

DR. ANIL KUMAR GUPTA

Dr. Anil Kumar Gupta is a widely respected person and his field of expertise is mechanical and metallurgy engineering. He is a doctorate in Engineering from University of Delhi.

Dr. Anil Kumar Gupta is currently on the Board of the following companies:

Name of Company Nature of Office
Shivam Autotech Limited Director
Advanced Materials & Process Research Institute Director
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