Subject to shareholder approval, Banga will take over as CEO & Managing Director for a five-year term beginning May 1, 2027.
Tata Power has appointed Sanjay Banga as CEO Designate and approved his appointment as CEO & Managing Director for a five-year term beginning May 1, 2027, as the company advances its transition towards renewable energy, grid infrastructure and consumer-focused energy businesses.
The company’s board approved the appointment on the recommendation of the Nomination and Remuneration Committee. Banga will join the board as an Additional Director and assume the role of CEO Designate with effect from November 11, 2026. Banga’s appointment is subject to shareholder approval.
Currently, Banga serves as CEO & Managing Director of Tata Power Renewable Energy Ltd and also holds the position of President-Renewables at Tata Power.
The appointment comes after a career spanning more than three decades across power generation, transmission, distribution, digital transformation and utility operations. Before leading the renewable business, Banga oversaw Tata Power’s transmission and distribution operations, including businesses in Odisha, Mumbai, Delhi and Ajmer. He also served as CEO of Tata Power Delhi Distribution Ltd (TPDDL).
Before joining TPDDL in 2003, Banga worked with Reliance Energy and began his career at NTPC Ltd, where he was involved in the operation and commissioning of thermal power projects.
Tata Power said Banga brings extensive experience in operational and commercial management of distribution utilities, business development, project execution, regulatory affairs, stakeholder management and digital transformation.
A graduate of the National Institute of Technology, Kurukshetra, Banga holds an MBA from the Faculty of Management Studies, University of Delhi, and has completed the Senior Executive Leadership Program at Harvard Business School.