In a significant development, Sipan Kumar Garg has assumed additional charge as Director (Finance) of SJVN Limited, a leading Navratna Public Sector Undertaking under the Ministry of Power. His appointment, effective from July 10, 2025, is for three months or until a regular incumbent is appointed, whichever is earlier.
Garg currently serves as Director (Finance) at THDC India Limited, a joint venture of the Government of India and the Government of Uttar Pradesh. His new role at SJVN reflects the government’s confidence in his extensive financial acumen and leadership abilities, especially at a time when the power sector is undergoing rapid transformation and expansion.
With a career spanning over 23 years, Garg brings deep expertise in corporate finance, budgeting, project appraisal, strategic planning, and financial management. He holds multiple professional qualifications, including Chartered Accountant (CA), Cost and Management Accountant (CMA), Company Secretary (CS), and Bachelor of Laws (LL.B.), demonstrating a rare blend of financial, legal, and corporate governance knowledge. He is also a rank holder in the Company Secretary examination.
Throughout his distinguished career, Garg has held key positions in several NTPC Group companies. He served as Chief Financial Officer (CFO) at Aravali Power Company Pvt Ltd and Patratu Vidyut Utpadan Nigam Ltd, where he played a critical role in financial restructuring, operational efficiency, and stakeholder engagement. His tenure also includes pivotal assignments at the Koldam Hydro Power Project and in NTPC’s corporate finance division.
Recognised for his contributions to the public sector, Garg has been the recipient of several prestigious accolades. Among them is the “Visionary CFO of India” award, reflecting his forward-looking approach to financial leadership and his commitment to driving transparency, innovation, and accountability in public finance.
This leadership change comes after the completion of tenure by Rajendra Prasad Goyal, who held the additional charge of Director (Finance) at SJVN until June 30, 2025. Garg’s appointment ensures continuity in leadership and strategic financial management at SJVN during this transitional period.
SJVN Limited, a joint venture between the Government of India and the Government of Himachal Pradesh, has a diversified portfolio encompassing hydropower, solar, wind, thermal power generation, and power transmission projects. With its growing footprint both within India and internationally, SJVN is playing a pivotal role in supporting the country’s energy transition goals.
As SJVN accelerates its capacity expansion and explores new energy ventures, Garg’s appointment is expected to enhance the company’s financial strategy, capital planning, and investor confidence. His proven track record in managing high-value infrastructure projects and ensuring robust financial discipline will be instrumental in supporting SJVN’s ambitious growth roadmap.