There are provided a power module and a multi power supply apparatus having the same. The multi power supply apparatus includes a plurality of power modules connected in parallel with each other and supplying a preset power, each power module including: a DC/DC converting unit converting an input power into a preset DC power; an output controlling unit switched on or switched off according to a difference between a voltage level of the DC power of the DC/DC converting unit and a voltage level applied to a load end to control an output of the DC power; and a controlling unit starting a soft start operation of the DC/DC converting unit during a hot swap in which the power module is replaced and stopping the soft start operation of the DC/DC converting unit when the output controlling unit is switched on.