Azure Power Global Limited has announced the appointment of a new Chief Executive Officer (CEO) and Group Chief Financial Officer (CFO).
Azure has appointed Sunil Gupta as CEO of the Company. His appointment will come into effect on July 10. He has replaced the acting CEO, Rupesh Agrawal, who will be leaving at that time to pursue other opportunities.
Sunil who brings deep leadership experience in the renewables sector and a strong track record of building renewable energy businesses will also become the MD of the Company’s subsidiary, Azure Power India Private Limited.
Prior to Azure, Sunil was the Head – South East Asia & South Asia Business at renewable energy company Vena Energy.
Earlier he was Group Head - Renewable Energy Business at Sembcorp Industries, Singapore, where he built the renewables business and spearheaded market entry in India, Australia, Singapore and Vietnam. In India, he was instrumental in managing a business comprising of multiple utility scale wind and solar power generation plants across seven different states. Prior to joining Sembcorp, Sunil was a cleantech industry professional with Standard Chartered Bank and Morgan Stanley.
Alan Rosling, Chairman of the Board of Directors of Azure, said, "We look forward to Sunil’s leadership to grow the company’s renewable energy business. We believe that his deep experience creating value in the sector, deep understanding of international standards of governance, and vast experience of capital raising will benefit Azure as it moves forward. We are also grateful to Rupesh for his significant contribution over the past year and wish him all the best in his next career move."
Appointment of Group CFO & Executive Director, Finance
To strengthen the company’s overall governance and control, Sugata Sircar has been appointed as the Group CFO and Executive Director, Finance of the Company’s subsidiary, Azure Power India Private Limited, with effect from May 1.
Earlier, he was a Non-executive Independent Director and member of the Company’s Audit & Risk Committee and Capital Committee.
Sircar is equipped with more than 32 years of experience in energy & automation, chemicals, textiles, tires, FMCG and city gas distribution. Most recently, he served as CFO at Schneider Electric India. He joined the board of Azure as a Non-Executive Independent Director in 2022.