After serving as CHRO of Bharti AXA General Insurance for over a year, Paramjit Singh Nayyar has joined Hero Housing Finance. Now that he has entered the housing finance space, Nayyar tells HRKatha that he will be looking to scale the organisation to new heights in this sector, which has a huge growth opportunity.
As the new CHRO of the Hero FinCorp subsidiary, Nayyar will lead the HR, internal communications, corporate social responsibility and facilities functions for Hero Housing Finance. A veteran HR professional, Nayyar comes with around two decades of experience.
With an MBA in human resource management from Jiwaji University, Nayyar pursued further studies in strategic HR management from the University of Michigan- Stephen M. Ross School of Business, in 2008 and also completed a leadership programme from the Harvard Business School, in 2013.
Having started off his career with the Aditya Birla Group as an HR officer in 2000, Nayyar moved to Triveni Engineering and Industries within nine months. After a three-year stint at Triveni, he moved to Bharti Airtel in 2003 as head of talent management and talent acquisition in Haryana. He worked with Bharti Airtel for over 12 years, progressing to the position of head – HR (vice president), India and South Asia.
In 2016, he joined VLCC as global chief HR officer, where he had a mandate to set up a centralised HR function for the three businesses and drive cultural transformation to help the organisation achieve its vision of growing revenues three fold in five years.
By joining Apollo Munich Health Insurance Company in 2017, Nayyar made his entry into the health insurance industry. At Apollo, his mandate included designing and delivering on the talent strategy that enabled the organisation realise its vision of ‘Making India Health Confident’.
Since July 2020, Nayyar had been working with Bharti AXA General Insurance.
Now, Nayyar is all set to be an asset at Hero Housing Finance, which is part of the BM Munjal Group and was established in 2018. It provides home loans, loans against property and construction finance across 11 locations in India.