Suzlon Energy Restructures Leadership, Appoints Ajay Kapur as Group CEO and Forms Group Executive Council

Suzlon Energy Limited has approved a series of leadership and governance changes aimed at supporting its evolving business strategy and long-term growth plans. 

The company’s board cleared the appointment of a new Group Chief Executive Officer, the creation of a Group Executive Council, and the induction of an independent director, signalling a structured transition aligned with its broader renewable energy expansion roadmap.

Leadership Changes Approved by the Board

At its board meeting held on 24 February 2026, Suzlon Energy approved organisational changes intended to strengthen strategic oversight and operational execution. The decisions include senior leadership appointments, a revised governance structure, and steps to reinforce board independence.

The company stated that these measures are designed to align management responsibilities with its next phase of business development and diversification.

Ajay Kapur Appointed Group Chief Executive Officer

Ajay Kapur has been appointed Chief Executive Officer and designated as a Key Managerial Personnel, effective immediately. In his new role as Group CEO, he will oversee business execution, organisational transformation, and operational scaling across the company’s renewable energy portfolio.

Kapur brings more than three decades of experience across infrastructure-linked sectors including cement, construction, power and metals. He previously served as Managing Director at Ambuja Cements and has held leadership roles focused on operational efficiency, financial discipline and corporate growth.

He will report to the Chairman and Managing Director and will lead the executive management framework responsible for implementing the company’s strategic priorities.

Formation of the Group Executive Council

Suzlon has established a Group Executive Council (GEC) to guide long-term strategy and capital allocation decisions. The council will function as a strategic body overseeing medium and long term growth initiatives while supporting diversification into emerging renewable energy segments.

The structure separates strategic planning from day-to-day execution, with the GEC focusing on enterprise-wide priorities and the executive management team handling operational delivery.

J.P. Chalasani Elevated to Strategic Role

J.P. Chalasani has been elevated to the Group Executive Council while continuing as a Key Managerial Personnel. Moving from his earlier executive responsibilities, he will now contribute to strategic planning, stakeholder engagement and the development of new business opportunities.

The company indicated that his sectoral experience and institutional knowledge are expected to support leadership continuity during the transition phase.

Appointment of Girish Vanvari as Independent Director

The board also approved the appointment of chartered accountant Girish Vanvari as an Additional Director in the capacity of Independent Director for a five-year term ending February 2031, subject to shareholder approval through a postal ballot.

Vanvari brings experience in taxation, corporate finance, mergers and acquisitions, governance frameworks and risk oversight. His appointment is intended to strengthen board-level governance and financial supervision.

Governance and Compliance Updates

Suzlon confirmed that the trading window for designated insiders has been temporarily closed in accordance with insider trading regulations and will reopen following the prescribed cooling-off period. The company stated that all appointments comply with applicable listing and corporate governance requirements.

Strategic Context: Transition Towards ‘Suzlon 2.0’

The leadership restructuring follows the company’s broader strategic direction to expand beyond wind energy into a diversified renewable energy platform. The revised organisational structure is intended to support growth across solar, battery energy storage systems and emerging clean-energy technologies while maintaining operational continuity.

Management indicated that separating strategic oversight from operational execution is expected to enable clearer accountability and structured succession planning.

Suzlon Share Price Performance

Shares of Suzlon Energy traded marginally lower on Monday, reflecting subdued intraday sentiment. The stock was last seen at ₹44.04, down ₹0.21 or 0.47% from its previous close of ₹44.25.

Read More: Stocks Bought & Sold by AMCs in Jan 2026: Swiggy, Vodafone, Suzlon, and Others.

Conclusion

Suzlon Energy’s latest leadership and governance changes reflect an organisational shift aimed at supporting long-term expansion within the evolving renewable energy sector. By introducing a new executive structure and strengthening board oversight, the company appears focused on balancing strategic direction with operational execution as it advances its next phase of growth.

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