The Tata Power Company Limited has announced the appointment of Mr. Sanjay Banga (DIN: 07785948) as an Additional Director and Chief Executive Officer Designate, effective November 11, 2026. He will officially assume the roles of Chief Executive Officer and Managing Director for a term of five years, commencing May 1, 2027, and concluding on April 30, 2032, subject to shareholder approval. Mr. Banga brings over three decades of extensive experience in the power sector.
Leadership Transition at Tata Power
The Board of Directors at The Tata Power Company Limited, following the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Mr. Sanjay Banga as an Additional Director and Chief Executive Officer Designate (CEO Designate). This appointment is effective from November 11, 2026.
Five-Year Term as CEO & MD
Furthermore, the Board has approved the appointment of Mr. Banga as the Chief Executive Officer (CEO) and Managing Director (MD) of the Company. This significant leadership role will be for a term of five (5) years, commencing on May 1, 2027, and concluding on April 30, 2032, inclusive. This appointment is contingent upon the necessary approval from the company’s shareholders.
Mr. Sanjay Banga’s Profile
Mr. Sanjay Banga is a seasoned professional with over three decades of experience in the power sector. He currently serves as the Chief Executive Officer and Managing Director of Tata Power Renewable Energy Limited and also holds the position of President – Renewables of The Tata Power Company Limited. His prior experience includes leadership roles in transmission and distribution businesses, including overseeing operations for companies across various Indian cities. He has also held the position of Chief Executive Officer of Tata Power Delhi Distribution Limited (TPDDL).
Mr. Banga began his career at National Thermal Power Corporation Limited (NTPC) and has worked with Reliance Energy (formerly BSES Limited). His expertise spans operational and commercial management, business development, digital transformation, project management, and stakeholder management. He holds a Master of Business Administration degree from the Faculty of Management Studies, University of Delhi, and has completed the Senior Executive Leadership Program at Harvard Business School.
Director and Relationship Information
Mr. Sanjay Banga (DIN: 07785948) is not related to any of the current Directors of the Company. Additionally, he is not debarred from holding the office of Director by any SEBI Order or any other relevant authority.
Source: BSE
