Appointment of Sugata Sircar as an Independent Director on the Board of Azure Power Global Limited – EQ Mag Pro
NEW DELHI : Azure Power Global Limited (the “Company” or “Azure Power”) (NYSE: AZRE), a leading sustainable energy solutions provider and renewable power producer in India, today announced the appointment of Mr. Sugata Sircar as an Independent non-executive Director on the Company’s Board effective October 01, 2022.
This appointment expands the Board to ten directors, all of whom are non-executive and five of whom are independent directors.
Mr. Sircar has over 32 years of experience in energy & automation, chemicals, textiles, tyres, FMCG and city gas distribution. He served as Chief Financial Officer (CFO) at Schneider Electric India for over 7 years. He has been Managing Director at Gujarat Gas, the largest listed city gas distribution company in India (a subsidiary of BG Group of UK) and prior to that, he was Finance Director & CFO at Gujarat Gas. He has also worked with companies like Cabot India, Madura Coats, Britannia Industries and Dunlop India in various finance roles.
Mr. Sircar is a business advisor, speaker, and writer. He is on the Executive Committee of the CFO Board (India’s pre-eminent body of financial leaders) and is Ex-Chairman, CFO Committee, Indo-French Chamber of Commerce & Industry.
Speaking on his appointment, Sugata Sircar said, “I am delighted to join the Board of Azure Power. As a leading renewable energy company in India, it provides me the opportunity to contribute to the country’s rapidly growing renewables sector. I look forward to working closely with the team for the strengthening and growth of the company.”
Speaking on this occasion, Alan Rosling, Chairman of the Board, Azure Power, said, “We are delighted to welcome Sugata on the Board. He comes with a wide experience in finance, risk assurance, internal control, strong governance practices and leadership. I am sure that he will contribute significantly as we further strengthen and grow the company.”
Commenting on the occasion, Rupesh Agarwal, Acting CEO, Azure Power said, “We are pleased to have Sugata on our Board. We are confident that his diversified experience will be a great asset to the company’s growth prospects. I look forward to collaborating with him and capitalise on the future growth opportunities for our stakeholders.”
About Azure Power
Azure Power is a leading independent sustainable energy solutions provider, and power producer in India on a mission to create value for all stakeholders through high-performance Renewable Energy assets. Azure Power developed India’s first utility scale solar project in 2009 and since then, Azure Power has grown rapidly to become a leader in developing and operating large utility-scale renewable energy projects in the country. Azure Power also partners with commercial and industrial customers in their decarbonization journey by providing comprehensive solutions for their clean energy needs.