Hero MotoCorp appoints Niranjan Gupta as new CEO

The country’s largest two-wheeler maker Hero MotoCorp on Thursday appointed Niranjan Gupta as the new Chief Executive Officer (CEO) of the company, effective from May 1, 2023. Gupta currently is the Chief Financial Officer (CFO), Head - Strategy and M&A at the company.

Pawan Munjal will continue as Executive Chairman and Whole-time Director on the Board.


Over the past six years, Gupta has played a key role in shaping the financial health of the company. He has also been instrumental in forging key partnerships with global brands such as Harley Davidson and Zero Motorcycles.

Gupta has more than 25 years of experience in finance, mergers & acquisition, supply chain and strategy roles across business sectors including consumer goods, metals and mining and automobiles.

Prior to Hero MotoCorp, Gupta spent three years at Vedanta Limited and 20 years in Unilever across global roles.

Commenting on the appointment Hero MotoCorp Chairman Pawan Munjal said: “Niranjan is a leader with sharp business acumen and a proven track record in delivering strong business results in a highly competitive environment. He has been instrumental in defining the organization’s growth story with his rich and diverse experience across finance, strategy and operational effectiveness in both developed and developing markets. His sharp focus has helped Hero MotoCorp in delivering strong cash flow over the years, while ensuring judicious capital allocation.”

“His elevation to the role of CEO is a testimony to the robust succession planning process we have put in place within the Company. The Board looks forward to his contribution in realizing the full potential of Hero MotoCorp as a winning business which delivers long-term growth and value for all its stakeholders. I wish him the very best and all the success in leading the next growth story of this incredible company,” Munjal added.

The company said it will announce a new CFO in due course of time.