Tata Power appoints Sanjay Banga as CEO and MD for five-year term from May 2027
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Tata Power on Wednesday appointed Sanjay Banga as its CEO designate and additional director, with effect from November 11, 2026. Banga will take over as the company's chief executive officer and managing director from May 1, 2027, for a five-year term ending April 30, 2032, subject to shareholders' approval.
The appointment was approved by the company's board of directors at a meeting held on Wednesday, following the recommendation of the Nomination and Remuneration Committee.
Banga currently serves as the CEO and managing director of Tata Power Renewable Energy Ltd and holds the position of president – renewables at the parent company. He will succeed Praveer Sinha, who currently heads Tata Power.
Who is Sanjay Banga?
Banga brings more than three decades of experience in the power sector, spanning generation, transmission, distribution and renewable energy. Before taking charge of Tata Power Renewable Energy, he served as president of the company's transmission and distribution businesses, overseeing distribution operations across Odisha, Mumbai, Delhi and Ajmer, besides its transmission assets.
He also served as CEO of Tata Power Delhi Distribution Ltd (TPDDL), the joint venture between Tata Power and the Delhi government.
Banga began his career as an engineer trainee at NTPC in 1989, where he worked on the operation and commissioning of thermal power projects until 1995. He subsequently worked with Reliance Energy, formerly BSES, between 1996 and 2003.
An alumnus of the National Institute of Technology, Kurukshetra, Banga holds an MBA from the Faculty of Management Studies, University of Delhi. He has also completed the Senior Executive Leadership Programme at Harvard Business School.
Appointment comes amid expansion across energy businesses
The leadership transition comes at a time when Tata Power is scaling up investments across renewable energy, transmission infrastructure, energy storage and distribution.
The company reported its highest-ever consolidated quarterly profit after tax of ₹1,652 crore for the September quarter of FY27, up 33% year-on-year. Revenue increased 26% to ₹19,886 crore, while EBITDA rose 5% to ₹4,245 crore.
During the first half of FY27, Tata Power deployed around Rs 10,000 crore in capital expenditure, of which approximately ₹6,000 crore went towards its renewable energy business. Its installed clean and green generation capacity reached 8.6 GW following the addition of 765 MW during the first half.
Commenting on the quarterly performance, Sinha said, "We delivered our highest-ever quarterly profit, with strong contributions from all businesses, underscoring the strength of Tata Power's integrated energy platform and consistent execution across our portfolio."
The company also highlighted growing contributions from regulated and long-term contracted businesses, which it said were providing greater predictability and visibility of cash flows.
Separately, Tata Power said Sanjay Banga, along with Chief Financial Officer Sanjeev Churiwala and Company Secretary Vispi S. Patel, would be authorised to determine materiality of events and make stock exchange disclosures under Regulation 30(5), effective May 1, 2027.