Mumbai: Aditya Birla Sun Life AMC has announced a series of senior leadership appointments and transitions aimed at strengthening its growth strategy across passive investing, marketing and operations.
The company’s Board of Directors, through circular resolutions passed on June 22, 2026, approved the appointment of senior executives across key business functions as part of its evolving leadership structure.
As part of the changes, Hemen Bhatia has been appointed as Head – Passives and designated as Senior Management Personnel, effective June 23, 2026.
A veteran of India’s mutual fund industry with more than two decades of experience, Bhatia has built deep expertise in exchange-traded funds (ETFs) and passive investing. Most recently, he served as Executive Director and CEO at Angel One AMC, where he led the development of the company’s passive-focused asset management business. Prior to that, he headed ETF Business at Nippon Life India AMC and was part of Benchmark AMC, which introduced the ETF concept to India. He also contributed to the Government of India’s CPSE ETF programme at Goldman Sachs AMC and has been associated with industry initiatives including AMFI’s ETF Committee and SEBI’s Mutual Funds Lite framework.
In his new role, Bhatia will lead the company’s passive investment strategy with a focus on expanding ETF and index fund offerings, increasing liquidity and investor participation, and strengthening institutional and retail engagement. The appointment aligns with the company’s strategic focus on accelerating growth in passive investing.
Separately, Parag Murudkar has been appointed Head – Marketing and designated as Senior Management Personnel with effect from July 1, 2026, succeeding Ranabir Bose, who will transition into a leadership role within Aditya Birla Capital.
Murudkar brings more than 20 years of experience across brand management, marketing strategy and product innovation within the BFSI sector. He currently serves as Head – Brand, Product and Channel Marketing at Aditya Birla Capital (NBFC) and has previously worked with organisations including GroupM Mindshare, Refyne Tech, Yes Bank, Axis Bank and ICICI Bank.
The company has also appointed Nikesh Gupta as Chief Operations Officer and Senior Management Personnel, effective August 1, 2026. He succeeds Keerti Gupta, who will move to a new leadership position within Aditya Birla Capital from August.
Nikesh Gupta brings around 32 years of experience across operations and customer service. Prior to this appointment, he served as Chief Operations Officer at Aditya Birla Capital (NBFC) and has held leadership positions at Citibank, Kotak Mahindra Bank, DBS Bank and Bank of America.
The leadership changes reflect Aditya Birla Sun Life AMC’s continued focus on strengthening capabilities across investment solutions, brand building and operational excellence as it positions itself for the next phase of growth in India’s asset management industry.
