SJVN Limited announced the extension of the additional charge for the post of Director (Finance) to Shri Sipan Kumar Garg. This extension is effective from March 01, 2026, for a period of three months or until a full-time incumbent is appointed. Shri Garg, who also serves as CMD of THDC India Limited, is a highly qualified finance expert with over 24 years of experience in the power sector.
Extension of Key Financial Leadership Role
SJVN Limited has formally communicated the extension of the additional responsibility for the post of Director (Finance). This charge has been granted to Shri Sipan Kumar Garg (DIN: 10746205), who is currently serving as Director (Finance) at THDCIL. The extension takes effect from March 01, 2026, and will remain in force for a period of three months, or until a permanent, full-time Director (Finance) is appointed, whichever occurs sooner.
Profile of Shri Sipan Kumar Garg
Shri Sipan Kumar Garg is recognized as an eminent finance expert possessing over 24 years of distinguished experience within the Indian power sector. Since August 17, 2024, he has been serving as Director (Finance) of THDC India Limited, and since November 25, 2025, he has additionally assumed the role of Chairman & Managing Director (CMD) of THDC India Limited.
Qualifications and Expertise
Mr. Garg holds multidisciplinary professional qualifications, being a member of the Institute of Chartered Accountants of India (CA), the Institute of Cost Accountants of India (CMA), and the Institute of Company Secretaries of India (CS), where he is a rank holder. He also possesses an LL.B. (Law) degree.
His career highlights include developing deep expertise in financial management, corporate governance, project financing, and cost optimization across both hydropower and thermal power sectors. Prior to THDCIL, he held senior roles within the NTPC Group, including CFO at Aravali Power Company Private Limited.
Notable Achievements
Under his financial leadership in previous assignments, organizations achieved the highest ever credit rating and secured significant savings in interest costs on long-term debt, underscoring his strategic capability in debt management and financial restructuring.
Additional Responsibilities
In addition to his roles within THDC India Limited, Shri Garg also serves as Chairman of THDC India Limited’s subsidiaries: Tusco Limited, Tradeco Rajasthan Limited, and THDCIL-UJVNL Energy Company Limited.
Compliance Confirmation
The company confirms that a brief profile of Shri Sipan Kumar Garg is attached for reference. Furthermore, it is noted that Shri Garg is not related to any director on the SJVN Board and is not debarred from holding any directorial office by any regulatory authority.
Source: BSE
