Tata Power announced that its Board of Directors has approved the appointment of Sanjay Banga as an Additional Director and designated him as CEO Designate, according to a regulatory filing to the stock exchanges.
Banga will subsequently assume the role of Chief Executive Officer, Managing Director, and Key Managerial Personnel for a five-year term running from May 1, 2027, to April 30, 2032, subject to shareholder approval.
Banga currently serves as the Chief Executive Officer and Managing Director of Tata Power Renewable Energy and holds the position of President for Renewables at The Tata Power Company Limited.
His tenure within the corporate group includes managing major transmission and distribution utilities across Mumbai, Delhi, Odisha, and Ajmer, alongside previous leadership roles at Tata Power Delhi Distribution Limited.
A power sector professional with over three decades of experience, Banga is an alumnus of the National Institute of Technology, Kurukshetra, the Faculty of Management Studies at the University of Delhi, and Harvard Business School.