Who is Sanjay Banga? Meet Tata Power's new CEO, a Harvard alumnus with 37 years of power sector experience
Tata Power, an electric utility and electricity generation company, on Wednesday announced the appointment of Sanjay Banga as its new chief executive officer (CEO) and managing director. Banga, whose career spans 37 years in the electricity sector, will begin his five-year term on May 1, 2027, succeeding Praveer Sinha.
Banga's appointment comes at a time when the company reported a nearly 49% rise in second-quarter profit, helped by a recovery in power generation and growth in its renewable energy business. The company posted a 48.6% increase in consolidated net profit to ₹1,366 crore, up from ₹919 crore in the corresponding quarter last year.
Banga, who joined Tata Power more than eight years ago, in May 2018, is currently the CEO and MD of Tata Power Renewable Energy.
He has held several key positions at Tata Power, including heading its transmission and distribution operations and serving as the chief executive of Tata Power Delhi Distribution. This included discom performance across Orissa, Mumbai, Delhi, and Ajmer, the transmission business in Mumbai, Powerlink Transmission Limited, and the transmission assets in UP.
Banga previously served as the chief executive officer of Tata Power Delhi Distribution Limited (TPDDL), a joint venture between Tata Power and the Government of the National Capital Territory of Delhi. Under his leadership, TPDDL was recognised among India's top five companies by Great Place to Work and secured the highest ranking in the power sector.
With over three decades of experience in the electricity industry, Banga has worked across several areas, including the operational and commercial management of distribution companies (discoms), business development, digital transformation, project management, change management, regulatory advocacy and stakeholder management.
His experience includes working with leading public and private sector electricity utilities in India, giving him an understanding of the challenges faced by the power distribution sector in India and overseas. He is also a regular speaker at industry seminars, workshops and panel discussions, both in India and internationally.
Banga began his career as an engineer trainee at the National Thermal Power Corporation (NTPC) in 1989. Between 1989 and 1995, he was involved in the operation and commissioning of super thermal power projects. He later joined Reliance Energy, formerly known as BSES Limited, where he worked from 1996 to 2003. During this period, he handled various functions in the power generation business, including operations, maintenance, planning, design and project engineering for thermal power projects.
In terms of his educational qualifications, Banga graduated from the National Institute of Technology (NIT), Kurukshetra, and holds an MBA from the Faculty of Management Studies (FMS), Delhi. He has also completed the Senior Executive Leadership Programme at Harvard Business School.
Meanwhile, Tata Power's renewable energy business, its second-largest by revenue, recorded 7.9% growth in profit, supported by capacity expansion, improved margins and momentum in its rooftop solar business.
Kanishka Singharia is a Senior Content Producer at Mint with a passion for news, trends, and the stories shaping the digital world. She specialises in spotting viral narratives by constantly tracking social media platforms and turning them into engaging, reader-friendly stories. Her work ranges from fast-paced breaking updates to sensitive human-interest features, blending speed with clarity. <br><br> With over four years of experience in news and trend reporting, Kanishka has worked with leading organisations such as Hindustan Times and Times Now. She moves seamlessly between profiling business leaders and telling the stories of everyday people, covering national developments just as effortlessly as the memes and conversations that dominate online culture. <br><br> She also reports on real estate developments and civic challenges in major urban hubs like Bengaluru, Delhi, and Gurugram. Her coverage frequently explores the struggles of startup founders, inspiring journeys of CEOs, and the experiences of candidates dealing with the complexities of visa processes. <br><br> Kanishka holds an undergraduate degree in Journalism from Delhi University and a diploma from the Indian Institute of Mass Communication. Rarely offline, she spends much of her time scrolling through X, LinkedIn, Reddit, Instagram, and Facebook in search of the next big story. When she finally logs off, she enjoys binge-watching shows and exploring cafes in pursuit of good food and better conversations.
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