GPS Renewables has appointed Parag Arvind Parikh as Chief Executive Officer of its asset platform GPSR Arya and named him Group Chief Finance Officer of the parent company, underscoring its ambitions to scale aggressively in India’s biofuels and renewable gas market.
The Bengaluru-based company, which describes itself as a full-stack renewable oil and gas player, announced the leadership move this week. Parikh will oversee both the operational expansion of GPSR Arya and the broader financial strategy of GPS Renewables, at a time when the company is ramping up projects worth close to USD 1 billion in biogas, bioLNG, green methanol and sustainable aviation fuel.
Veteran of infrastructure and energy
Parikh brings over 25 years of experience across infrastructure sectors such as roads, ports and power, as well as in energy transition areas including compressed biogas and electric vehicle charging. Most recently, he was Chief Financial Officer of Adani Total Gas, where he played a central role in international financing, board governance, and incubating new businesses. He also served as CEO of Adani’s EV charging infrastructure division.
Earlier in his career, Parikh held senior finance roles at GMR Group and Gammon. His responsibilities have spanned strategy, structured finance, capital raising, investor relations, IPOs, restructuring and the management of stressed assets. Industry analysts note that this blend of financial rigour and sectoral breadth positions him well to steer GPS Renewables through a fast-evolving clean energy landscape.
“It is an exciting time to be joining GPS Renewables Group as it advances its ambitious goal of driving India’s energy transition,” Parikh said in a company statement. “In my role as CEO of GPSR Arya, I look forward to scaling operations and contributing to Arya’s next phase of growth. As Group CFO, my focus will be on strengthening the financial foundation to support the company’s strategy.”
Mainak Chakraborty, Chief Executive and Co-Founder of GPS Renewables, added: “Parag brings over 25 years of financial leadership experience in infrastructure and energy. His proven expertise and strategic clarity will be instrumental in advancing our growth story.”
Expanding project pipeline
Founded in 2012, GPS Renewables has grown from building captive biogas plants to commissioning some of the world’s largest renewable natural gas facilities. The company employs more than 800 people and has delivered landmark projects including Asia’s largest municipal solid waste-based compressed biogas plant in Indore and the world’s fastest executed CBG plant in Barabanki. It is also constructing what it says will be the world’s largest compressed biogas complex at Kakinada in Andhra Pradesh, with a capacity of 67–70 tonnes per day.
The company currently has a pipeline of more than 30 operational or near-complete projects and long-term visibility on over 200 compressed biogas projects under development. These projects are being rolled out in partnership with state-owned oil marketing companies.
GPS Renewables is unusual among Indian clean energy firms in having joint ventures with both Indian Oil Corporation and Bharat Petroleum, alongside Oil India. Shareholders include Neev II (SBI Ventures), Sojitz Corporation, Samsung C&T, Triodos and Caspian Impact Investments.
India has committed to expanding the role of biofuels in its energy mix under the government’s SATAT (Sustainable Alternative Towards Affordable Transportation) initiative. Compressed biogas is seen as a key element in reducing emissions from transport and supporting rural economies by processing agricultural residues and organic waste.
GPS Renewables’ expansion into bioLNG, green methanol and sustainable aviation fuel is aligned with these policy priorities, as well as with global decarbonisation efforts.