Aditya Birla Sun Life AMC has appointed Hemen Bhatia as Head - Passives and Senior Management Personnel effective June 23, 2026, to strengthen its leadership in the passive investment segment. The Board of Directors approved the appointment via a circular resolution on June 22, 2026, following the recommendation of the Nomination, Remuneration and Compensation Committee. This strategic move aims to accelerate the company's growth in ETFs and index funds, sectors witnessing significant momentum.

Bhatia brings over 20 years of experience in the Indian mutual fund industry, specializing in ETFs and passive business. He previously served as Executive Director & CEO of Angel One AMC, where he spearheaded the firm's passive-focused asset management business. Prior to that, he was Head of ETF Business at Nippon Life India AMC, playing a key role in scaling the passive business significantly.

His career includes contributions to pioneering initiatives such as the CPSE ETF at Goldman Sachs AMC, a successful Government of India disinvestment program via the ETF route. Bhatia was also part of the core team at Benchmark AMC, which introduced the ETF concept to India. He has been an active member of AMFI's ETF Committee and contributed to the SEBI working group that developed the Mutual Funds Lite (MF Lite) framework for passive schemes.

In his new role, Bhatia will lead the strategy and growth of the company's passive business. His responsibilities will include expanding ETF and index fund offerings, enhancing liquidity and investor participation, and strengthening engagement across institutional and retail segments. He holds a Master of Management Studies (Finance) degree from Mumbai University.

Appointment Details

The appointment was disclosed to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Aditya Birla Sun Life AMC has restructured its senior management with the appointment of Mr. Parag Murudkar as Head - Marketing and Mr. Nikesh Gupta as Chief Operations Officer. The Board of Directors approved these changes via circular resolutions on June 22, 2026, based on the recommendations of the Nomination, Remuneration and Compensation Committee.

Mr. Parag Murudkar will assume his new role as a Senior Management Personnel effective July 1, 2026. He succeeds Mr. Ranabir Bose, who relinquishes his position as Head - Marketing at the close of business hours on June 30, 2026. Mr. Bose is transitioning to a leadership role within Aditya Birla Capital. Mr. Murudkar brings over 20 years of experience in brand management, marketing strategy, and product innovation within the BFSI sector. He previously served as Head - Brand, Product and Channel Marketing at Aditya Birla Capital Ltd. (NBFC) since April 2025 and has held roles at GroupM- Mindshare, Refyne Tech, Yes Bank Ltd, Axis Bank Ltd, and ICICI Bank Ltd.

Mr. Nikesh Gupta has been appointed as Chief Operations Officer, designated as a Senior Management Personnel, effective August 1, 2026. He replaces Ms. Keerti Gupta, who ceases to be Chief Operations Officer at the close of business hours on July 31, 2026, following her transition to a leadership role within Aditya Birla Capital. Mr. Gupta possesses around 32 years of experience in operations and customer service. He currently serves as Chief Operations Officer at Aditya Birla Capital (NBFC), a position he has held since October 2021, and has previously worked with Citibank, Kotak Mahindra Bank, DBS Bank, and Bank of America.

The appointments and cessations were disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the detailed profiles of the appointees were submitted as required under the regulations.

Senior Management Changes