Tata Power has appointed Sanjay Kumar Banga as its next Chief Executive Officer (CEO) and Managing Director (MD) for a five-year term beginning May 1, 2027. The appointment marks a leadership transition at the Tata Group's power utility as it continues to expand its renewable energy, power generation and distribution businesses.
The company's Board of Directors approved Banga's appointment at its meeting held on November 11, 2026, based on the recommendation of the Nomination and Remuneration Committee.
With immediate effect from November 11, 2026, Banga has been appointed as an Additional Executive Director and CEO Designate. He will assume the positions of CEO and Managing Director from May 1, 2027, for a five-year term ending April 30, 2032, subject to shareholder approval.
Banga currently serves as the Chief Executive Officer and Managing Director of Tata Power Renewable Energy Limited and holds the position of President – Renewables at Tata Power.
He previously headed the company's Transmission and Distribution businesses, overseeing distribution operations across Odisha, Mumbai, Delhi and Ajmer, along with transmission operations in Mumbai, Powerlinks Transmission Limited and transmission assets in Uttar Pradesh.
He also served as the CEO of Tata Power Delhi Distribution Limited (TPDDL), a public-private partnership between Tata Power and the Government of the National Capital Territory of Delhi.
With more than three decades of experience in the power sector, Banga has expertise in operations, commercial management, business development, digital transformation, project management, regulatory advocacy and stakeholder management.
Banga began his professional career as an Engineer Trainee at National Thermal Power Corporation (NTPC), where he worked on the operation and commissioning of super thermal power projects between 1989 and 1995.
From 1996 to 2003, he worked with Reliance Energy, formerly BSES Limited, handling operations, maintenance, planning, design and project engineering activities in the thermal power generation sector.
He joined Tata Power Delhi Distribution Limited in 2003 and subsequently held several leadership responsibilities within the Tata Power group.
Banga is an alumnus of the National Institute of Technology, Kurukshetra, and holds an MBA from the Faculty of Management Studies, University of Delhi. He has also completed the Senior Executive Leadership Program at Harvard Business School.
His appointment comes as Tata Power continues to strengthen its renewable energy portfolio while expanding its presence across power generation, transmission, distribution and energy solutions.
Source Link: ET Brand Equity
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