Tata Power has appointed Sanjay Banga as its Chief Executive Officer (CEO) Designate, setting the stage for a leadership transition at the Mumbai-headquartered power utility in May 2027. The company’s Board of Directors approved his appointment as an Additional Director and CEO Designate with effect from November 11, 2026.
According to the regulatory disclosure filed with the BSE and the National Stock Exchange (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board also approved Banga’s appointment as CEO and Managing Director (MD) of Tata Power for a five-year term, beginning May 1, 2027, and ending April 30, 2032. The appointment is subject to shareholder approval.
The decision was taken at a Board meeting held on November 11, following the recommendation of the company’s Nomination and Remuneration Committee. The meeting commenced at 2:00 p.m. and concluded at 4:25 p.m., according to the filing.
Leadership Experience Across Power Generation, Transmission and Distribution
Banga currently serves as the Chief Executive Officer and Managing Director of Tata Power Renewable Energy Limited (TPREL) and holds the position of President – Renewables at The Tata Power Company Limited.
Before taking charge of the renewables business, he served as President of Tata Power’s Transmission and Distribution businesses. His responsibilities covered the performance of distribution companies across Odisha, Mumbai, Delhi and Ajmer, along with the Mumbai transmission business, Powerlinks Transmission Limited and the company’s transmission assets in Uttar Pradesh.
He has also served as the Chief Executive Officer 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 brings expertise across utility operations, commercial management, business development, digital transformation, project management, regulatory advocacy and stakeholder management. His professional experience spans both public- and private-sector electricity utilities in India.
Professional Journey and Academic Background
Banga began his professional career as an Engineer Trainee at National Thermal Power Corporation Limited (NTPC), where he worked on the operation and commissioning of super thermal power projects between 1989 and 1995.
He subsequently joined Reliance Energy, formerly BSES Limited, where he worked from 1996 to 2003. His responsibilities included operations, maintenance, planning, design and project engineering for thermal power projects. He joined Tata Power Delhi Distribution Limited in 2003, according to the company’s profile.
Academically, Banga is an alumnus of the National Institute of Technology (NIT), Kurukshetra, and holds a Master of Business Administration degree 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 operate across conventional power generation, renewable energy, transmission, distribution and emerging clean energy businesses. His experience across these segments brings leadership exposure to multiple parts of the electricity value chain as the company prepares for the transition in its top management.
The company has stated that the appointment details will be made available on its official website. Banga’s designation as CEO Designate is effective immediately, while his five-year tenure as CEO and Managing Director is scheduled to begin on May 1, 2027, subject to the approval of shareholders.
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