Board Of Directors

Mr. Yogesh Chander Munjal​
Chairman & Managing Director

Independent Director

Kazuhiro Nishioka
Non-Executive Director

Yasuhiro Ashiki
Joint Managing Director

Kavita Venugopal​
Independent Director

Mr. Yogesh Chander Munjal​

Chairman & Managing Director
  • Mr. Yogesh Munjal is one of the most successful and eminent industrialists in the automobile industry.
  • He currently holds the position of Chairman and Managing Director of Munjal Showa Limited (a Hero Group Company).
  • He is an accomplished business leader, a persuasive speaker, and a dedicated entrepreneur who provides strategic direction.
  • He approaches management with an entrepreneurial style that combines dynamism and passion, focusing on people’s skills to bring out the best in them for the organizations and their advancement.
  • He was born on February 13, 1940, in Lahore, Punjab.
  • He graduated from IIT Roorkee with a bachelor’s degree in architecture.
  • Ever since he finished his formal education, he has been associated with many of the Hero Group companies in the capacity of CEO and has contributed to transforming companies.
  • His association with Munjal Showa commenced in 1985. A joint venture was formed with Showa Corporation of Japan, the biggest producer of shock absorbers worldwide.
  • He has given constant attention and care to all three of the manufacturing facilities—Gurgaon, Manesar, and Haridwar. To maintain industry dominance and continuous growth to maximize customer satisfaction, he evaluates growth and expansion plans regularly.
  • Over the course of a 50+ year career, he has occupied several prominent roles in the industry. He served as the President of the Gurgaon Industrial Association, Chairman of the CII-TPM Club of India, Founder Chairman of the QCFI-Delhi Chapter, Chairman of the Confederation of Indian Industry (Haryana Committee), and an Executive Committee Member of the Automotive Component Manufacturers Association of India.
  • He has won various honors during his career, including the Best Client Award from Leadership Management Institute, USA, the Lifetime Achievement Award from the Rotary Club (Delhi Chapter) and the Alumni Association of Roorkee, as well as the TPM Excellence Consistency Award from JIPM, Japan.
  • He is actively involved in the corporate social activities of educational institutions, hospitals, and spiritual and religious organizations since he firmly believes in the promotion of education. His mission is to disperse joy and tranquility throughout the cosmos.


Independent Director
  • Nand L. Dhameja is a Fellow (PhD) from IIM Ahmedabad.
  • He has worked for various prestigious institutes, including MDI, Gurugram; the Institute of Public Administration, New Delhi; the Institute of Chartered Accountants of India (ICAI); NPC New Delhi; the University of Delhi, Delhi; the University of Maribor, Maribor, Slovenia; ICPE Ljubljana, Slovenia; the University of Mauritius, Mauritius; and the S. P. Jain Centre for Management, Singapore.
  • Currently, he is Professor Emeritus, FMS, Manav Rachna International Institute of Research and Studies, Faridabad.
  • He has contributed about fifteen books and about eighty-five research papers and was adjudged the Best Trainer for three consecutive years, 2005, 2006, and 2007, by MDI, Gurugram.
  • Prof. Dhameja has been involved in research, consulting, and training in India and abroad for about fifty years and has organized programmes and seminars sponsored by the ILO, APO, and the World Bank.
  • His consulting assignments and projects include the following:
    • Evaluation of the Central Government Health Scheme (CGHS);
    • Impact Assessment Study of the Initiatives Implemented Under the Aegis of the Investor Education and Protection Fund;
    • Reviewing the Management and Structure of the National Scheduled Castes Finance and Development Corporation, New Delhi;
    • Implementation of Zero-Base Budgeting in the Council of Scientific and Industrial Relations, GOI;
    • Organizational Study of the Indian Railways Finance Corporation (IRFC)
  • He has been involved with policymaking in various bodies, such as
    • Financial Reporting Review Group constituted by ICAI; Committee of Eminent Independent Persons; Power Grid Corporation of India;
    • Finance Committee; and Investment Committee of Mizoram University; and the North-Hill University, Shillong, Meghalaya;
  • He was ‘Advisor, Education Grading’ (CRISIL).
  • Prof. Dhameja is a member of the Board of Directors of Munjal Showa Co. Ltd. and the Board of Governors of the Society for Capital Market Research and Development (SCMRD), New Delhi (a non-profit organisation).
  • He was awarded the ‘Paul H. Appleby Award for excellent service in the field of public administration and the Indian Institute of Public Administration for the year 2018.

Kazuhiro Nishioka

Non-Executive Director

(Vice President, Motorcycle Business Division, Hitachi Astemo Ltd., Japan)
  • Mr. Kazuhiro Nishioka (57 years old), with his rich and extensive 34-year tenure in the automobile industry, brings profound expertise encompassing engineering, production, planning, operations, and innovative development.
  • He is the Vice President of the Motorcycle Business Division at Hitachi Astemo Ltd. in Japan, and his seasoned leadership embodies a wealth of knowledge within the industry.

Yasuhiro Ashiki

Joint Managing Director
(Manager of the Production Planning Office for Motorcycle and Hydraulic Components Operations)
  • At 57 years old, Mr. Yasuhiro Ashiki boasts 32 years of expansive expertise across engineering, production, planning, and pioneering development.
  • He graduated from Hamamatsu Technical High School in Japan and commenced his career journey with Showa Corporation in 1989, swiftly ascending through roles spanning general affairs, production, business planning, and leadership of motorcycle and hydraulic component operations.
  • Currently, he is serving as the Manager of the Production Planning Office for Motorcycle and Hydraulic Components Operations.
  • Before his venture to India, Mr. Ashiki previously helmed the New Model Department at Hitachi Astemo Ltd.

Kavita Venugopal​

Independent Director
  • Kavita Venugopal, an accomplished independent board director and business leader, has extensive global and Indian banking acumen spanning corporate banking, risk management, corporate finance, relationship management, investment banking, corporate strategy, and governance.
  • Her academic journey includes an MBA from the esteemed Faculty of Management Studies, Delhi University, alongside a BA in Economics (Hons) from Lady Shri Ram College, both emblematic of her commitment to academic excellence.
  • Over 35 years, she’s held influential roles with Abu Dhabi Commercial Bank (India CEO), Kotak Mahindra Bank Limited, ANZ Grindlays Bank, Standard Chartered Bank, YBL, and more, collaborating closely with India’s corporate stalwarts to fortify their enterprises.
  • Currently, she is on the boards and committees of several companies: AU Small Finance Bank Ltd., PNB MetLife India Insurance Company Limited, Pipeline Infrastructure Limited, Rockman Industries Limited, and A.G. Industries Pvt. Ltd.

Dr. Devi Singh ​

Independent Director
    • Dr. Devi Singh holds a Ph.D. in International Finance from the Indian Institute of Management, Ahmedabad (1984).
    • He is a well-known academic and educational leader in India. His immediate past assignment was as the first Vice Chancellor of FLAME University, Pune.
      • FLAME witnessed a major transformation, and its current reputation and standing as the top liberal arts university are a testimony to that.
      • His two important contributions at FLAME were to get forty top scholars from across the world to join the university as faculty and to get top universities in the USA and Europe to partner with FLAME.
      • He continues to serve as a member of FLAME’s governing board and advises the university on academic matters.
    • He was also the Director of the Indian Institute of Management, Lucknow, for ten and a half years (2003–2014).
    • He also served as the director of the Management Development Institute (MDI) in Gurgaon for four and a half years (1999–2003).
    • Dr. Singh is a well-known professor of international finance and management and is recognised as one of the top academic leaders in the country who has created and transformed institutions of higher learning.
    • Dr. Singh’s teaching tenure spans globally, including a five-year stint as a visiting full-time professor at McGill University’s Faculty of Management in Canada. 
    • His rich academic journey involves fellowships from the Ford Foundation and UNDP in International Management Education. 
    • Moreover, he has served as a visiting faculty member at prestigious institutions such as the International Centre for Public Enterprises in Slovenia, ESCP Europe in Paris, and more. 
    • He has published and presented research papers at various national and international journals and conferences and has authored three books in finance and management. 
    • He has been on several policy-level committees of the MHRD, Government of India, UGC, All India Council for Technical Education, PHD Chamber of Commerce & Industry (PHDCCI), Standing Committee on Public Enterprises (SCOPE), and All India Management Association (AIMA). 
    • He has been a member of the boards and executive councils of the Indian Institute of Management, Kozhikode, Narsee Monjee Institute of Management Studies, Mumbai, the Indian Institute of Mass Communication, New Delhi, NITTIE, Mumbai, Ambedkar University, Lucknow, Jamia Islamia University, New Delhi, Tejpur University, Tejpur, the University of Allahabad, Allahabad, and two new central universities.
    • He is also the mentor and founder director of IIM Rohtak (2010–11) and IIM Kashipur (2011–12).
    • Dr. Singh has served as a member of the RBI’s Appointments Board for two years (2011–12) and the UPSC Committee Constituted for Designing CSAT (2009–2010).
    • Dr. Singh was on the Board of India Fulbright for two years (2005–07) and was nominated to the International Accreditation Advisory Board of the Association of MBAs (2013) for three years.
    • He was also a member of the nomination committee of the AACSB for the years 2014–15.
    • He was the President of the Association of Indian Management Schools in 2006–07 and a member of the All India Board of Management Studies of AICTE for six years (2000–2006).
    • He has served on many corporate boards and is currently on the boards of governors of some of the leading public and private sector companies.
    • He has received several awards, including the ISTE National Fellow (2007), the UP Ratan (2008), the Best Director of a Business School (1999), the Ravi J. Mathai Fellow( 2013), and the Bharat Ashmita Award (2013).
    • He continues to advise and mentor several universities and institutions in the NCR region and serves on the boards of several institutions.