Motilal Oswal Financial Services has appointed Monimoy Bhattacharya as senior vice president and head-compensation and benefits. Bhattacharya moves from HDFC Bank where he was deputy vice president, lead- compensation and benefits.
An alumnus of Assam Engineering College, Monimoy Bhattacharya went on to complete a master’s degree in Indian Institute of Social Welfare and Business Management and also an executive management development programme in strategic HRM from Indian Institute of Management, Kozhikode.
His professional journey began with Capgemini as an associate consultant-HR, in 2013. A year later, he moved to Polycab as senior executive-HR, working out of Mumbai.
His next stop, over two years later, was Mahindra Finance where he played deputy manager-human resources, for two years.
He spent over six years with Adity Birla Health Insurance heading compensation and benefits JAE PMS and HR operations. He successfully drove the organisation’s end-to-end compensation and benefits strategy in line with Aditya Birla Group’s ‘One HR’ philosophy — covering annual compensation cycles, LTIPs, deferred pay and retention frameworks for senior management.
December of 2024 saw him take up the role of deputy vice president, lead-compensation and benefits, HDFC Bank.
There, in addition to enhancing the compensation strategy and performance management processes, he worked to revamp the performance-management framework, ensuring alignment with business priorities and market benchmarks.
Known to be a hardworking and sincere professional, his enthusiasm and deep understanding of HR processes will be an asset to Motilal Oswal Financial Services.
HRKatha wishes Monimoy Bhattacharya all the best!