Kalpa Power Private Limited has announced the appointment of Pankaj Aggarwal as its Chief Financial Officer (CFO), strengthening its leadership team as the company accelerates its growth and targets 5 GW of renewable energy installations by 2030.
A seasoned finance professional with over 23 years of experience, Aggarwal will oversee Kalpa Power’s finance, compliance, and corporate strategy functions. His appointment comes at a pivotal stage as the company intensifies capital deployment, strengthens governance frameworks, and expands its domestic and international renewable energy footprint.
Aggarwal is expected to play a key role in optimising capital allocation, enhancing financial discipline, and supporting scalable, long-term growth aligned with Kalpa Power’s strategic vision.
Before joining Kalpa Power, Aggarwal served as Senior Vice President–Finance at Kalpataru Projects International Limited, where he was instrumental in strengthening financial governance and enabling large-scale expansion. He also spent 15 years at Sterlite Technologies (STL), holding multiple leadership roles across the power and telecom verticals, including CFO -Global Services, where he managed multi-region operations spanning India and the UK. He began his career at Atul Ltd, building a strong foundation in financial discipline and compliance.
Commenting on the appointment, Rounak Muthiyan, Founder and Director, Kalpa Power, said, “As Kalpa Power enters its next phase of exponential growth, his deep expertise in managing large-scale global financial operations and his track record in corporate governance will be invaluable.”
In a separate statement, Rounak Muthiyan, Founder and Director, Kalpa Power, said, “As Kalpa Power transitions from a high growth company to a major energy institution, Pankaj’s deep expertise in global financial operations and governance will be invaluable. His appointment aligns perfectly with our ambitious growth plans for 2030.”
Pankaj Aggarwal, Chief Financial Officer, Kalpa Power, said, “I’m excited to join Kalpa Power at a time when the Indian energy sector is at a historic tipping point. I look forward to working closely with Rounak and the leadership team to build a robust financial roadmap that supports our ambitious 2030 goals and delivers long-term value to stakeholders.”
In another statement, Pankaj Aggarwal, CFO, Kalpa Power, said, “The Indian energy sector is at a defining inflection point, and Kalpa Power’s ‘Make It Happen’ mindset truly stands out. I look forward to building a resilient financial roadmap that supports our 2030 goals and creates long-term value for all stakeholders.”
As per the company’s statement, Aggarwal is a Chartered Accountant (ACA) and Company Secretary (CS), bringing a strong combination of financial strategy and regulatory expertise to Kalpa Power’s leadership team as it advances its long-term clean energy ambitions.
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