New Delhi: Mr. Sipan Kumar Garg, Director (Finance) at THDC India Limited, has assumed the additional charge of Chairman & Managing Director (CMD) of the company, effective from 25 November 2025. This appointment highlights the company’s emphasis on strong leadership and strategic financial management to drive its operations in the power sector.
About Mr. Sipan Kumar Garg
Mr. Garg has been serving as Director (Finance) at THDC India Limited since 17 August 2024 and currently also holds the additional charge of Director (Finance) at SJVN Ltd., effective from 1 September 2025. A distinguished finance professional, he holds a Bachelor of Commerce (Hons) and is a member of the Institute of Chartered Accountants of India (CA), Institute of Cost Accountants of India (CMA), and Institute of Company Secretaries of India (CS). Additionally, he has earned an LL.B. degree and was a rank holder in the Company Secretary examination.
With over 23 years of extensive experience in finance, accounts, taxation, and commercial operations within the power sector, Mr. Garg brings deep expertise to his new role at THDC India Limited.
Professional Journey and Achievements
Mr. Garg’s prior experience includes serving as Chief Financial Officer (CFO) at Aravali Power Company Private Limited and Patratu Vidyut Utpadan Nigam Limited, both group companies of NTPC Limited. He has also contributed significantly to NTPC Limited in various capacities, including strategic roles in the Corporate Accounts Group and the Koldam Hydro Power Project.
During his tenure at NTPC, Mr. Garg was recognized for his strong sense of responsibility, professional ethics, and dedication, consistently delivering results. Under his leadership at Aravali Power Company, the company achieved its highest credit ratings and realized substantial interest savings on long-term loans.
Mr. Garg has also participated in numerous workshops and seminars at prestigious institutions in India and abroad, sharing his expertise on Accounting Standards and Ind AS. He has been an active member of several committees of the Institute of Chartered Accountants of India, including the Committee on Public Finance and Government Accounting, the Accounting Standards Study Group, and the Members in Industry Group (PSU).
Significance of the Appointment
As the CMD of THDC India Limited, Mr. Garg is expected to leverage his extensive finance and industry experience to strengthen strategic and operational management of the company. His leadership is likely to support THDC in achieving its financial and operational goals while ensuring sustainable growth and enhanced performance in India’s power sector.
About THDC India Limited
THDC India Limited is a central public sector undertaking under the Ministry of Power, Government of India, primarily engaged in the development of hydroelectric and renewable energy projects. The company plays a vital role in India’s power generation capacity and is committed to delivering sustainable and reliable energy solutions. THDC also contributes to regional development, employment generation, and the country’s energy security objectives.
