Tata Power Appoints Sanjay Banga as Additional Director and CEO Designate from November 11, 2026

Tata Power has named Sanjay Banga as its Additional Director and CEO Designate, effective November 11, 2026. The decision was taken at a board meeting on November 11, 2026, following a recommendation from the Nomination and Remuneration Committee. 

The company has also approved his appointment as Managing Director and CEO for a five-year term starting May 1, 2027. The appointment will remain subject to shareholder approval. 

Sanjay Banga to Take Over as CEO 

Banga will hold the position of CEO Designate until his five-year term as Managing Director and CEO begins on May 1, 2027. The proposed term will end on April 30, 2032. 

In its filing to the stock exchanges, Tata Power said Banga is not related to any of the company's existing directors. It also confirmed that he is not barred from holding the position of director under any SEBI order or other authority. 

Banga's Previous Positions at Tata Power 

Banga currently heads Tata Power Renewable Energy Limited as its CEO and Managing Director. He also serves as President – Renewables at the parent company. 

Before moving to the renewables business, he served as President of Transmission and Distribution. His responsibilities included distribution companies in Odisha, Mumbai, Delhi and Ajmer, Mumbai's transmission business, Powerlinks Transmission Limited and transmission assets in Uttar Pradesh. 

He was also the CEO of Tata Power Delhi Distribution Limited (TPDDL), a joint venture between Tata Power and the Delhi government. 

Professional Background and Education 

Banga started his career at NTPC as an Engineer Trainee in 1989. He worked on the operation and commissioning of super thermal power projects until 1995. 

From 1996 to 2003, he worked at Reliance Energy, formerly BSES Limited, handling operations, maintenance, planning, design and project engineering for thermal power projects. He joined TPDDL in 2003. 

He has over 30 years of experience in the power sector, including distribution management, business development, digital transformation and regulatory matters.  

Banga holds an engineering qualification from the National Institute of Technology, Kurukshetra, and an MBA from the Faculty of Management Studies, University of Delhi. He has also completed the Senior Executive Leadership Programme at Harvard Business School. 

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Tata Power Share Price Performance  

As of November 12, 2026, 11:40 am, Tata Power share price was trading at ₹358.90, a 0.31% decrease from the previous closing price. 

Conclusion 

The appointment makes Banga CEO Designate from November 11, 2026, ahead of his proposed appointment as Managing Director and CEO from May 1, 2027, for a term ending April 30, 2032. 

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