Shimla: SJVN Limited has appointed Parthajit De as its Whole-time Director (Finance) for a five-year term, effective March 19, 2026. The appointment has been approved by the Ministry of Power.
With this leadership transition, Sipan Kumar Garg will step down from his additional responsibilities as Director (Finance) and Chief Financial Officer (CFO).
Leadership Transition at SJVN
The Ministry of Power issued the official order on March 18, 2026, appointing Parthajit De to the board of SJVN. His tenure will be for five years from the date of assuming charge or until further orders.
The company confirmed that De meets all regulatory requirements and is not debarred by any authority, including SEBI, from holding a directorial position.
Read also: SJVN’s Nathpa Jhakri Hydro Power Station Crosses 150 Billion Units of Clean Electricity Generation
Who is Parthajit De?
Parthajit De is a highly experienced finance professional with nearly three decades of expertise in the power sector. Before joining SJVN, he had a distinguished 27-year career at NHPC Limited.
He is a:
- Fellow Member of the Institute of Cost Accountants of India (ICMAI)
- Chartered Financial Analyst (CFA)
- CGMA-certified professional from the Chartered Institute of Management Accountants (UK)
His strong command over Indian Accounting Standards (Ind AS), taxation, tariff regulations, and corporate governance makes him a key addition to SJVN’s leadership.
Key Career Highlights and Achievements
Outstanding Track Record at NHPC
- Joined NHPC as a Trainee Officer in 1998 and rose to senior leadership roles
- Headed Corporate Accounts, Taxation, and Policy divisions
- Served as nominee director on the board of Loktak Downstream Hydroelectric Corporation Ltd.
Award-Winning Financial Reporting
- Achieved “NIL” comments from C&AG for nine consecutive years
- Led NHPC to win the ICAI Gold Shield (2020–21) and Silver Shield (2019–20) for Excellence in Financial Reporting
- Contributed to NHPC receiving the SAFA Gold Medal for Best Presented Annual Report
Strategic and Policy Contributions
- Played a key role in implementing Ind AS adoption (2016–17)
- Led revisions of NHPC’s finance manuals in 2022
- Managed corporate taxation, trusts, and financial governance frameworks
Extensive Project and Field Experience
De brings valuable on-ground experience from major infrastructure and hydropower projects, including:
- Rangit Project in Sikkim
- Teesta Low Dam Projects in West Bengal
- Siang Basin Projects in Arunachal Pradesh
- Rural Roads Project in Bihar
This blend of corporate and field expertise equips him to manage complex financial and operational challenges in large-scale energy projects.
Strategic Importance for SJVN
SJVN is currently expanding aggressively in renewable energy and hydropower sectors. The appointment of Parthajit De is seen as a strategic move to:
- Strengthen financial management and governance
- Optimize resource allocation
- Enhance risk management frameworks
- Support large-scale infrastructure investments
His expertise in financial planning and regulatory compliance is expected to play a crucial role in driving sustainable growth and operational efficiency at SJVN.
About SJVN
SJVN Limited is a Navratna Central Public Sector Enterprise engaged in power generation, primarily in hydroelectric projects, along with expanding interests in renewable energy. The company plays a vital role in India’s energy sector, focusing on sustainable power development, infrastructure growth, and clean energy initiatives.
Read also: SJVN Limited Wins 3rd Prize in Swachhta Hi Sewa Pakhwada Awards 2024–25 by Ministry of Power
