Azure Power, India’s first grid connected solar power plant developer has appointed Mr. Surendra Kumar Gupta, as Chief Financial Officer (CFO). In this position, he will provide the vision and leadership for all aspects of the finance function. He will also be a part of the Executive Team and will contribute to the overall management of the business including operational and business development financing, providing support towards project initiatives, the development of business plans and advice to the Board / Directors.
Mr. Gupta brings with him an experience of more than thirty years in financial management.
Inderpreet Wadhwa, Chief Executive Officer, Azure Power said “Solar Power generation is extremely capital intensive and a sound financial strategy is a must for successful growth of any business in the solar power sector. While Azure has already demonstrated successful financing structures for large scale solar power generation, I am quite excited to have Mr SK Gupta on board to build upon Azure’s current success and lead the company through its expansion stage using the wealth of his experience in capital strategy, planning, risk management and investor relations. I am happy to welcome Mr. SK Gupta to Azure Power and confident that his experience of more than thirty years in financial management, will hold us in good stead.”
Mr. SK Gupta said “Solar sector in India is in its nascent stage and has a large potential for steep growth in coming years. It is a capital intensive industry with special funding requirements. Companies in this sector require long term innovative financial planning to grow steadily. I am delighted to join Azure Power, a company that has taken great strides in this fast growing sector, and am confident to scale the company to new heights.”
Mr. S K Gupta has assumed responsibility as the Chief Financial Officer and is contributing to the growth of the company into a leadership position in solar power generation.