Management Change11 Nov 2026, 07:00 pm
Tata Power Appoints Sanjay Banga as CEO Designate & Additional Director
AI Summary
Tata Power Company Ltd announced the appointment of Mr. Sanjay Banga as an Additional Director and CEO Designate, effective November 11, 2026. Subsequently, he will assume the roles of CEO and Managing Director for a five-year term from May 1, 2027, to April 30, 2032, subject to shareholder approval. Mr. Banga, currently President – Renewables at Tata Power and CEO & MD of Tata Power Renewable Energy Limited, brings over three decades of experience in the power sector, including leadership roles in distribution, transmission, and project management. He is not related to any existing directors and is not debarred from holding a directorial position.
Key Highlights
- Sanjay Banga appointed Additional Director and CEO Designate from Nov 11, 2026.
- Banga to become CEO & MD for a 5-year term from May 1, 2027.
- Appointment subject to shareholder approval.
- Banga has over 30 years of experience in the power sector.
- No relationship with existing directors; not debarred from directorship.
Price Impact
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