Appointment Details
- Appointee: Mr. Hemen Bhatia
- Position: Head - Passives and Senior Management Personnel
- Effective Date: June 23, 2026
- Appointment Date: June 22, 2026 (via Circular Resolution)
- Terms: Full Time Employment
- Approving Authority: Board of Directors based on recommendation of Nomination, Remuneration and Compensation Committee
Professional Profile of Mr. Hemen Bhatia
- Seasoned asset management professional with over 20 years of experience in the Indian mutual fund industry
- Widely recognized for expertise in ETFs and passive business
- Most recent role: Executive Director & CEO of Angel One AMC, spearheading passive-focused asset management business
- Previous role: Head of ETF Business at Nippon Life India AMC, where he played a key role in scaling the passive business significantly
- Part of core team at Benchmark AMC, the pioneering house that introduced the ETF concept to India
- Instrumental in establishing the landmark CPSE ETF at Goldman Sachs AMC (successful Government of India disinvestment program via ETF route)
- Active member of key industry and regulatory bodies including AMFI's ETF Committee
- Part of SEBI working group that developed the Mutual Funds Lite (MF Lite) framework for passive schemes
- Educational Qualification: Master of Management Studies (Finance) degree from Mumbai University
Role Responsibilities
Mr. Bhatia will lead the strategy and growth of the Company's passive business, focusing on:
- Expanding ETF and index fund offerings
- Enhancing liquidity and investor participation
- Strengthening engagement across institutional and retail segments
Additional Information
- The information is available on the company website at https://mutualfund.adityabirlacapital.com/shareholders/announcements-and-updates
- Disclosure signed by Prateek Savla, Company Secretary and Compliance Officer (ACS 29500)
- No relationship between directors disclosure required (Not Applicable)
Financial Impact
Financial impact not quantified in the disclosure.