ITV

Tag: Tata Power

  • Hinduja Group appoints Anand Agarwal as group president – finance

    Hinduja Group appoints Anand Agarwal as group president – finance

     MUMBAI: Money talks and so does experience. In a move that signals serious intent for its next phase of growth, the Hinduja Group has roped in financial veteran Anand Agarwal as group president of Finance. With a career spanning nearly three decades and multiple sectors, Agarwal is expected to steer the conglomerate’s financial strategy with a steady, seasoned hand.

    Agarwal brings to the table heavyweight credentials, he’s a chartered accountant, company Secretary, ICWA, CFA, and an executive MBA from IIM Ahmedabad. His résumé reads like a who’s who of Indian industry: Chambal Fertilisers (as CFO), Tata Power, Peepul Capital PE, AGS Transact Technologies, Aditya Birla Group, Reliance Industries, and ITC Limited.

    He has successfully raised capital from global private equity giants, pension funds, and sovereign wealth funds, and helmed several high-stakes M&A deals across the Agri Inputs, Infrastructure (Power), FMCG, Cement, Metals, and Financial Services sectors.

    As group pof Hinduja Group HR Amit Chincholikar put it, “With the Group’s businesses entering a phase of strategic expansion, strong financial leadership is crucial. Anand’s vast experience in corporate finance and M&A, along with his proven ability to manage large-scale financial strategies, will be key in driving the Group’s growth.”

    Agarwal, too, sounds ready to get down to business: “My focus will be on enhancing financial efficiency, optimising capital deployment, and supporting the Group’s expansion plans.”

    With Agarwal’s appointment, the Hinduja Group appears poised to fine-tune its financial engine accelerating towards a future built on bold strategy, smart capital, and sharper execution.

  • Disruption edition Forbes India turns sweet sixteen with giant strides

    Disruption edition Forbes India turns sweet sixteen with giant strides

    MUMBAI: Who says turning sixteen can’t come with serious swagger? Forbes India has marked its 16th anniversary not with cake and candles, but with a hard-hitting, forward-looking special edition titled Giant Strides, a tribute to the power of disruption as the engine of transformation. Themed around seismic shifts shaping the country’s economy, society and culture, the commemorative issue brings together some of India’s sharpest minds and boldest voices.

    From boardrooms to Olympic podiums, this edition rounds up a powerhouse lineup: Mercedes-Benz India CEO Santosh Iyer, Tata Power Praveer Sinha, Infosys co-founder Nandan Nilekani, Info Edge Sanjeev Bikhchandani, Mahindra Rajesh Jejurikar, Zydus Group Sharvil Patel, and even Olympic gold medallist Abhinav Bindra, who steps in to talk about mental health and elite sport.

    The essays span everything from clean energy to AI, manufacturing to healthcare, charting India’s reinvention across sectors. These aren’t just nostalgic reflections; they’re bold blueprints for the road ahead, a call to embrace reinvention with urgency, clarity and intent.

    Ditching its usual cover design, the issue features a striking new visual identity, a bold aesthetic shift that mirrors the theme of transformation itself. It’s disruption, by design.

    In keeping with Forbes India’s mission since its 2009 debut, this edition doubles down on future-forward storytelling, shining a light on the entrepreneurs, thinkers and leaders driving the next chapter of India’s growth. Because in the age of disruption, standing still isn’t an option, it’s a liability.

    You can grab a copy at your nearest newsstand or digitally. But don’t expect a nostalgia fest. This is not a rear-view mirror moment, it’s a periscope into possibility.

    Sixteen years in, and Forbes India is still writing tomorrow’s headlines today.

  • TCS welcomes finance veteran Sanjay Bhandarkar as independent director

    TCS welcomes finance veteran Sanjay Bhandarkar as independent director

    MUMBAI: Tata Consultancy Services (TCS) has made a bullish move, roping in finance industry veteran Sanjay V. Bhandarkar as an additional director and independent non-executive director for a five-year term, effective from 4 March 2025, until 3 March 2030. The appointment, recommended by the nomination and remuneration committee, awaits shareholder approval.

    When it comes to finance, investment banking, and corporate strategy, Bhandarkar is no newbie. He’s the man who played a pivotal role in shaping India’s financial advisory landscape. Having held leadership positions at Rothschild India and ICICI, he boasts an impressive track record in M&A, restructuring, and equity capital markets. If there’s a corporate puzzle to solve, chances are, Bhandarkar has already cracked a tougher one.

    Bhandarkar’s expertise isn’t just limited to boardrooms. He has advised the Government of India on landmark projects, including the first-ever e-auctions for 3G and BWA spectrum, and played a critical role in restructuring the infamous Enron and GE-backed Dabhol power project. Simply put, he knows how to navigate the high-stakes financial chessboard.

    Currently, Bhandarkar serves on the boards of Tata Power, HDFC Asset Management, Chemplast Sanmar, and Tata Projects. He also holds key roles in investment committees and advisory boards, lending his strategic mind to South Asia Growth Fund II and III and 1crowd, a seed capital stage investing platform.

    With TCS being a global tech giant, what does an investment banking whiz bring to the table? Strategic foresight, financial acumen, and the ability to navigate complex business environments. The appointment of a seasoned finance professional is no coincidence. It’s a calculated move to ensure the company’s growth trajectory stays as ambitious as ever. Bhandarkar’s addition to the TCS board signals a sharper focus on financial strategy and governance.

  • FILA 2025 honours leaders, sparks dialogue on India’s business future

    FILA 2025 honours leaders, sparks dialogue on India’s business future

    MUMBAI: Leadership, vision, and resilience take centre stage as Forbes India Leadership Awards (FILA) 2025 gears up for its grand 14th edition on 28 February 2025. With a power-packed lineup of industry trailblazers, economic thinkers, and visionary entrepreneurs, the event promises insights, inspiration, and accolades for those shaping India’s business landscape.

    The journey to this prestigious evening began in December 2024, when a distinguished jury—chaired by Marico’s founder and chairman Harsh Mariwala—began the task of identifying the best in leadership, innovation, and impact. The panel featured financial and business heavyweights such as Federal Bank MD & CEO KVS Manian, Bain Capital’s India chairman Amit Chandra, and Boat Lifestyle’s chairman Vivek Gambhir, among others.

    This year’s FILA 2025 will not only honour leaders but also spark dynamic discussions on India’s evolving business landscape. Key highlights include a panel discussion on India’s Growth Story in a Volatile Environment, featuring KVS Manian, Rajesh Jejurikar, and Madan Sabnavis, exploring economic resilience and future opportunities. Tata Power CEO Praveer Sinha will take the stage for a fireside chat on India’s energy transition, shedding light on the sector’s transformation.

    Adding a touch of glamour and business acumen, movie actor and entrepreneur Katrina Kaif will share insights on ‘Going Beyond Endorsements—Building Your Brand,’ offering a glimpse into her journey from actor to business leader.  

    Supported by partners including Federal Bank, Kia, Rajasthan Tourism, and Reliance Industries, FILA 2025 is set to honour leaders who not only drive business success but also shape India’s future.

  • Tata Power Renewable Energy partners with Rajasthan discoms to boost solar adoption

    Tata Power Renewable Energy partners with Rajasthan discoms to boost solar adoption

    MUMBAI: This one should be of interest to the television broadcasters, telecom companies, DTH players, and cable TV MSOs and operators.  A bane of most of these has been the sudden power breakdowns in the tier two and tier three towns. With the installation of rooftop solar power cells, the power tripping would be a thing of the past. 

    Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, has signed a memorandum of understanding (MoU) with Rajasthan’s discoms — Jaipur Vidyut Vitran Nigam Ltd (JVVNL), Ajmer Vidyut Vitran Nigam Ltd(AVVNL), and Jodhpur Vidyut Vitran Nigam Ltd  (JDVVNL). The collaboration aims to accelerate renewable energy adoption across the state, with a focus on promoting the Pradhan Mantri Surya Ghar: Muft Bijli Yojana (PMSG:MBY) in residential sectors.

    The agreement was formalised in the presence of Alok, additional chief secretary (energy); Arti Dogra, chairperson of the discoms; and senior officials from TPREL, including Deepesh Nanda, chief executive officer &  managing director, and Shivram Bikkina, chief of solar rooftop & EV charging.

    The initiative will prioritise rooftop solar installations in cities such as Jaipur, Udaipur, Jodhpur, Kota, and Bikaner, with plans for statewide expansion. Joint campaigns will promote solar adoption, providing households with affordable clean energy. The partnership also offers exclusive pricing and vendor training to ensure efficient installations.

    Speaking on the collaboration, Arti Dogra said, “This partnership marks a significant step towards positioning Rajasthan as a leader in solar energy adoption. By advancing initiatives like PMSG:MBY, we aim to provide clean, affordable energy access and bolster the state’s renewable energy infrastructure.”

    Deepesh Nanda added, “Our partnership with Rajasthan discoms reflects our commitment to shaping a sustainable energy future. Leveraging TPREL’s extensive experience, we aim to expedite solar adoption and support Rajasthan’s renewable energy transition.”

    As part of the Tata Group, Tata Power holds a diverse 15.5 GW portfolio, with 43% dedicated to clean energy. The company remains committed to achieving carbon neutrality by 2045 and continues to play a leading role in India’s clean energy transformation.

  • YES BANK and CNBC-TV18 join forces to chart India’s $10 Trillion economy path at ‘The Growth Summit’ in association with Max Life Insurance

    YES BANK and CNBC-TV18 join forces to chart India’s $10 Trillion economy path at ‘The Growth Summit’ in association with Max Life Insurance

    Mumbai: YES BANK, one of India’s leading private sector banks, in collaboration with CNBC-TV18 and Max Life Insurance, recently organised ‘The Growth Summit – Envisioning a $10 trillion Economy. The launch event was held in Mumbai on Thursday, the summit brought together policymakers, industry stalwarts, startup visionaries, and academic luminaries to deliberate on critical aspects pivotal to India’s economic advancement. Central to the discussions was the government’s ambitious 25-year roadmap aimed at positioning India as the world’s third-largest economy, with a targeted GDP of $10 trillion.

    In the opening remarks, YES BANK CEO & managing director Prashant Kumar said, “This is a first-of-its-kind initiative presented by YES BANK, along with CNBC-TV18. This summit is aimed at envisioning India’s path to self-reliance and economic prosperity. Bringing together business leaders, policymakers, experts and visionaries to explore how the key factorial strength and latest business trends can be leveraged to accelerate our nation’s economic progress towards a $10 trillion economy. Transferring India from a services-dominated economy to one that is powering growth on the back of its domestic manufacturing. The Indian government has outlined its long-term strategic focus aligned with the prime minister’s vision of a strong and developed India in the nation’s 100 years of Independence. I would like to thank everyone for being part of this journey of achieving a $10 trillion economy roadmap.”

    During his address, Kumar announced the launch of ‘Yes Private’, the bank’s newest market offering that aims to partner HNI Business owners and C-Suite executives in their endeavor to leverage the opportunities on the road towards a $10 trillion Indian economy.

    He added, “Yes Private has been thoughtfully curated to complement the retail and wholesale banking offerings in the market. It integrates the Bank’s expertise across the spectrum and brings a full-stack product suite for HNIs across Family Banking, Business Banking, Wealth Management and Succession Planning needs. The program also lays out extraordinary privileges and experiences for clients pertaining to their distinct lifestyles in India and abroad.”

    In an engaging fireside chat on ‘Getting India Ready For Business’ featuring Salesforce India CEO & chairperson Arundhati Bhattacharya said, “Boosting social infrastructure through smart investments is key to moving forward, as shown by the various government’s schemes. They aim to lift up the most vulnerable groups – like the poor, women, students, and farmers – who make up a big part of our population. Without achieving parity in productivity between women and men, the goal of attaining a $10 trillion economy by 2030 will remain elusive. Farmers haven’t reached their full potential yet. Our youth, who is the strength of our country, needs support. India will always be a basket of talent.”

    The day progressed with a thought-provoking panel discussion on ‘Kickstarting Private Investment: Risks, Rewards & Requirements’, where panellists Avaada Group chairperson Vineet Mittal, and Blue Star MD B Thiagarajan exchanged insights. Subsequently, a candid conversation with Indian Tennis Player & Grand Slam Champion/World No.1 Rohan Bopanna captivated the audience.

    The evening continued with an engaging fireside chat, exploring the themes of ‘Opportunity Meets Optimism: Making The Most of India’s Moment.’ Persistent Systems CEO & founder Anand Deshpande, shared valuable insights, stating, “It is very clear that India will get to a $10 trillion economy mark and I am very excited about that. In addition to engineering and other investments that we are looking at, we need to focus on some level of research and the higher end of the food chain in some sense. While we do this, we need to focus on entrepreneurship, especially at the grassroots level and their communication of education and entrepreneurship would be the two things that I would focus on. I believe that we need to move towards a world where there is continuous learning and the facilities of practical knowledge at educational institutions. India has the potential to be the leader, we have the largest number of people who know how to use AI and other software.”  

    The event transitioned seamlessly into another fireside chat featuring Tata Power CEO & MD Praveer Sinha, discussing ‘Investing Today in Tomorrow’s Growth.’  While giving insights into India’s energy transformation, Sinha said, “The power sector has undergone significant transformation over the past two decades. We’ve witnessed a doubling of capacity every decade: from 100 gigawatts in 2000 to 200 gigawatts in 2010, and currently exceeding 430 gigawatts. Ensuring affordable electricity access for all consumer categories remains crucial.”

    The concluding panel discussion titled ‘Shaping A New Growth Mindset Through Innovation & Ideas,’ highlighted luminaries such as Decimal CEO Shailesh Dhuri; SolarSquare Energy director Neeraj Jain, Intermed Laboratories director Riddhi Jhaveri, Lizmontagens India MD Sanjeev Prabhu. It was followed by The ‘Masterclass on Brain Mapping’ by NeuroLeap founder Kumaar Bagrodia.

    The closing note was delivered by Max Life Pension Fund Management CEO Ranbheer Singh Dhariwal concluding the summit on a high note.

  • Tata Power celebrates the power of courage; Onboards ace mountaineer Baljeet Kaur

    Tata Power celebrates the power of courage; Onboards ace mountaineer Baljeet Kaur

    Mumbai: Tata Power, one of the integrated power companies, onboards acclaimed mountaineer, Baljeet Kaur, as a sustainability champion, in the company’s renewables business. This is in line with the company’s commitment to support the country’s young talent in unconventional fields.

    In the challenging world of mountaineering, 27-year-old Baljeet Kaur stands out with her exceptional accomplishments. In 2023, she earned the prestigious Gold Medal for excellent performance in mountaineering from the Indian Mountaineering Foundation. Baljeet holds several notable firsts, such as being the first Indian to climb seven peaks surpassing 8000 meters. She stands as the first Indian woman to ascend Mount Everest, Mount Lhotse and Mount Manaslu, which she climbed without oxygen, showcasing courage, unwavering determination, and resilience. These are attributes that Tata Power not only applauds but also instils in its workforce and community.

    Baljeet, who hails from the hills of Himachal Pradesh, has a close association with nature and refers to the mountains as her “first love”. She truly understands the value of sustainable living and will play an important role in advocating the ‘Sustainable is Attainable’ movement of Tata Power which promotes a sustainable lifestyle among citizens through the adoption of clean energy solutions.  

    Baljeet will inspire the thousands of Tata Power employees across the country to foster a connection with nature and further amplify the environmental care and community development initiatives of the company.

    Tata Power CEO & MD Dr Praveer Sinha said, “I am delighted to welcome Baljeet to the Tata Power family. With her spirit of resilience, agility, care for the environment, and focus on safety, she truly symbolises the ethos of Tata Power. Her onboarding is a testament to Tata Power’s dedication to championing women in sports and nurturing emerging talent in the country. With her #Powerofcourage, I’m sure she will be a role model for the youth of the nation.”

    “I am excited to be a part of the Tata Power team and promote the cause of sustainable living. I am thrilled to have a platform like this, which is championing sustainability and supporting young talent in diverse fields across the country. With this support, I look forward to making meaningful contributions to both sustainability and the empowerment of women in mountaineering.” said Baljeet Kaur.

    Baljeet Kaur’s association with Tata Power emphasises the shared commitment to environmental responsibility and the pursuit of excellence in every endeavour. Tata Power looks forward to Baljeet’s unique perspective and real-life experiences to drive meaningful initiatives.

  • Tata Power urges all to Embrace Mother Earth, Love Our Planet and Switch to Green and Clean Energy

    Tata Power urges all to Embrace Mother Earth, Love Our Planet and Switch to Green and Clean Energy

    Mumbai: Tata Power, one of the integrated power companies has launched a new brand film – ‘DuniyaApneHawale’ promoting the message of “Embrace mother earth love our planet. Switch to green and clean energy.”

    As Tata Power stays steadfast in its commitment to ‘Sustainable is Attainable’, this is another step towards inspiring citizens to make sustainable lifestyles a reality and underscore the importance of individual action and responsibility towards a cleaner, greener future.

    As a responsible corporate, Tata Power is encouraging the adoption of green energy products and services for its large consumer base including corporate. It is also working on popularising how a sustainable lifestyle is ‘attainable’ for millions of Indians through wide-scale adoption of affordable green solutions like rooftop solar, EV charging, solar microgrids, group captive solutions, pumped hydro power, smart home automation solutions to promote energy efficiency.

    Along with Hindi, English, Gujarati, Marathi, Tamil and Kannada news and business channels, the campaign is live on digital and social media platforms engaging the public with its message.

    The film depicts the journey of a globe, demonstrating the abuse and damage that our planet goes through day in and day out thanks to a range of human activities such as deforestation, construction, industrialisation, and urbanisation. By the end of its journey, the globe is soiled and battered, until two children representing the future generation – rescue it, clean it, and hug it demonstrating the love and care that we need to have for our planet. The video concludes with a strong message: ‘Embrace mother earth, love our planet. Switch to green and clean energy’ with the words “hold me tight” being sung in the background.

    Tata Power chief – brand & communications Jyoti Bansal said, “As we see global leaders congregate and debate at COP28, it is clear that no action is not an option. Tata Power took the lead in creating the right conversations with sustainable is attainable. We take this to the next level as we urge the people to embrace their responsibility and accelerate individual action towards sustainable lifestyles and clean energy solutions. The film seeks to inspire a profound appreciation for our planet. The young children cleaning the globe in the film serve as a powerful symbol of how small acts can become catalysts for a big change. We strive to make this a movement to encourage each one of us to become custodians of planet earth – the only home we will ever have.”

    Rediffusion national creative director Pramod Sharma said, “This film is straight from the heart. The punishment that we are according the planet every day is going to become irreversible if we do not stop the battering immediately. Sadly, much of what we do is out of ignorance and a lot is due to indifference. Both attitudes are killing Mother Earth. In this piece of communication the problems are clearly highlighted and Tata Power sends out an unequivocal message of urgent action at an individual level as well as at a societal level.”

    Rediffusion Executive Director Carol Goyal who oversees the films portfolio added, “We’ve kept the messaging real. It is hard hitting. And the punishment to the globe is shown in situations we see everyday but don’t do anything about. The film is held together by a very strong and evocative musical score and lyrics that we hope will become memorable and enduring.”

    Tata Power is committed towards becoming the trusted green energy brand. The company plans to achieve 70 per cent capacity generation from clean and green energy sources by 2023 and achieve carbon net neutrality by 2045.

  • Tata Power campaign urges millennials and gen Z to think about sustainable & green solutions

    Tata Power campaign urges millennials and gen Z to think about sustainable & green solutions

    MUMBAI: Tata Power recently launched a nation-wide campaign ‘I have the Power’ to create awareness among the youth about green solutions. Through this campaign, Tata Power aims to promote the core message of opting for environment-friendly means of consuming energy by highlighting a different range of smart and sustainable solutions and services like Solar Rooftop, EV Charging and Solar Micro-grids.

    “We started ideating the thought of the campaign in November. A lot of iterations were done during execution owing to the shift from B2B to B2C market. We wanted to explore all the new-age platforms that resonate with millennials and gen Z keeping into account the perception about Tata Power and the value that it holds in people’s minds. It was a process of three months but the execution never really stopped since we were open to modification at every stage basis in-depth analysis of what is working well for us and what is not,” says Tata Power chief corporate communications and sustainability Shalini Singh.

    Tata Power, in a fresh move, also partnered with TikTok. This platform helped the campaign to garner traction and ensured virality of content.

    Singh echoes, “As we moved along the way, we undertook an innovative approach to promote the campaign through influencer marketing on new age media platforms such as Snapchat and Quora. The three-phased campaign also includes digital, ATL and BTL mediums such as radio advertising and out-of-home (OOH) to communicate the value of its unique offerings to enlightened and evolved citizens.”

    Through geo-targeting, the campaign will also make its way into 30 major Indian cities such as Vizag, Madurai, Coimbatore, Mangalore, Mysore, Belgaum, Chennai, Panjim, Cochin, Trivandrum, Hyderabad, Mumbai, Nashik, Kolhapur, Lucknow, Agra, Ahmednagar, Amritsar, Gurugram, Delhi, Udaipur, Jodhpur, Bhopal, Gandhinagar, Indore, Ranchi, Jaipur, Kolkata, Gwalior and Kharagpur.

    Tata Power roped in Shardul Thakur, a member of the Indian cricket team for the endorsement. According to the company, Thakur will help create awareness about sustainable and green solutions that will inspire millennials and Gen Z to make a difference by contributing to a cleaner tomorrow.

    The campaign is conceptualised by Singh and will be promoted through various social media platforms like Snapchat, TikTok, Quora, Instagram, Twitter, LinkedIn, Facebook, radio – Red FM and Radio City, BEST and AC Bus advertising in Mumbai and Delhi and YouTube ads.

    Tata Power also stated that it has collaborated with the Rockefeller Foundation to set up 10,000 micro-grids in India. According to the firm, rural businesses and households continue to rely on alternative sources to power daily needs—with more than 40 per cent of rural enterprises in states like Bihar and Uttar Pradesh relying on non-grid sources of power such as diesel. In collaboration with TP Renewable Microgrid Ltd, the firm aims to provide a competitive and cleaner source of power, expanding access and lowering effective electricity costs and carbon emissions by 1 million tons per year as well as reducing the amount of diesel burned by 57 million litres yearly.

    TP Renewable Microgrid Ltd will be operated and managed by Tata Power with approximately 11,000 MW of installed generation capacity and over 2.6 million customers under management across Delhi, Ajmer and Mumbai. Tata Power brings significant experience in distributed energy, having established a joint venture with Delhi government to serve a large portion of the local population, including sizeable slum communities.

    Speaking on future campaigns for bringing sustainable solutions Singh says, “We have been leading the change through various campaigns under our energy and resource conservation initiative ‘Club Enerji’ when it comes to promoting responsible advocacy amongst future generation through sustainable solutions. We have done various campaigns like “Switch off 2 Switch On” that focuses on the need to conserve electricity by switching off appliances when not in use. The second leg of this campaign was, “I CAN” wherein we roped in kids to imbibe the idea of how everyone has the power to make a difference.”

    Tata Power becomes the first Indian utility company to undertake a new-age campaign of this nature. The idea is to start the process of change in the behaviour and attitude of youngsters towards critical societal issues.

    Singh concludes, “The campaign is designed to educate our stakeholders about the various new offerings of Tata Power along with the benefits attached to it on a personal & global level.”