Sunil Kant Munjal
|Sunil Kant Munjal|
|Born||7 December 1960|
|Alma mater||The Doon School|
|Net worth||$100,000 (Bloomberg Businessweek, 2011)|
|Parent(s)||Brijmohan Lall Munjal (father)|
Sunil Kant Munjal is business promoter, an institution builder, a social entrepreneur, an angel investor, and a thought leader. Sunil Munjal is Chairman of Hero Enterprise which has interests in insurance distribution, steel-making, real estate and corporate training. He has made strategic investments in a high-growth e-commerce enterprise and a cutting-edge lighting solution firm. He is also supporting start-ups that focus on digital learning, community transportation, healthcare, women empowerment and children’s education, and has made a substantial outlay in an impact investment fund that takes an entrepreneurship-based approach to socio-economic challenges.
Mr Munjal has co-founded BML Munjal University, a unique higher education venture. It has quickly made a mark as a contemporary institution pioneering next practices in knowledge delivery and student development—and in 2017, the President of India dedicated the University to the Nation. Mr. Munjal is also President of the Dayanand Medical College and Hospital, Ludhiana, which has been ranked the Number One private teaching hospital in North India by the Week magazine. His contribution to affordable health care has been recognised by the Royal Society of Medicine, London.
Mr Munjal has set up the Serendipity Arts Trust, a unique social project that aims to revive patronage in the arts. He is also President of the Ludhiana Sanskritik Samagam, an organisation that promotes performing arts across North India.
Mr Munjal currently heads a CII task force on Ease of Doing Business, and is President of the All India Management Association (AIMA). He also chairs a government and industry supported skills’ initiative that seeks to create a professionally competent workforce.
Mr Munjal sits on the boards of several academic institutions like the IIM Ahmedabad, Indian School of Business (ISB), Shri Ram College of Commerce (SRCC) and University of Tokyo. He is also on the boards of DCM Shriram Consolidated, Bharti Foundation, Indian Institute of Corporate Affairs and National Teachers Training Organisation —plus the advisory boards of Coca Cola India, Indian Angels Network Fund and UK India Business Council (UKIBC). Mr Munjal has also been President of CII and sat on the boards, off IIT Ropar, Life Insurance Corporation (LIC) and PNB Gilts Ltd. He also chaired the board of Punjab Technical University.
Mr Munjal was a member of the Prime Minister’s Council on Trade & Industry that advised the Prime Minister on economic issues. In the 1990s, he was a member of the Narasimham Committee that laid a framework for banking and financial sector reforms. He was also a member of the Taskforce on Indirect Taxes (Kelkar Committee), that provided the first roadmap for simplifying India’s indirect tax system. He also chaired the Study Group on Skill Development, Training and Workers’ Education set up under the 2nd National Commission on Labour Reforms.
India Today chose Mr Munjal as one of the “Faces of the Millennium” for business. In 2016, he won the Jehangir Ghandy Medal for Social and Industrial Peace. In the same year, he was conferred a D. Lit by SRM University, Chennai, and became a Distinguished Fellow at the Institute of Directors. He has also received the GlobScot Award from the Scottish government.