
Investing in change

Pradeep Kumar Panja
Independent Director
Pradeep Kumar Panja is the Chairman of Karnataka Bank Ltd with 40 years of valuableexperience in finance and investment banking. Prior to this, he served as the Managing Director and Head of Corporate Banking of State Bank of India (SBI) and also had Board representations on several of its committees.
He is currently on the Board of several reputed companies, and a member of the Banks Board Bureau.

Akshay Jaitly
Independent Director
Akshay Jaitly is the co-founder of the leading Indian law firm, Trilegal, and President at 262 Advisors, Paris. With over 25 years of experience in the legal field, Mr. Jaitly has been an active advisor on cross-border strategy and risk management for businesses across the globe. He is also involved with research initiatives on policy reform in the Indian power and infrastructure sectors. At present, Mr. Jaitly is a Senior Advisor at Trilegal and a member of their board.

Daisy Chittilapilly
Independent Director
Daisy Chittilapilly is currently the President of Cisco’s India and SAARC theatre with 25 years of valuable experience in the technology industry. She holds a strong track record of transforming operations and cultures to drive growth at scale. Prior to Cisco, she worked with Wipro Limited across multiple sales management roles. Additionally, she serves on the Executive Council for NASSCOM, and as the Co-Chair on the FICCI National Committee for AI and Digital Transformation.

Aditya Narayan
Non-Executive Director
Aditya brings with him a rich industry experience of over 40 years. Aditya Narayan hasbeen the Chairman of Board for Sanofi India since April 2016. He served the erstwhile ICI Limited – now known as Akzo Nobel India Limited – for about 30 years across diverse functions and businesses. He was its Managing Director from 1996-2003 and then its non-executive Chairman from 2003-2010. From 2005-2009, he was the President and CEO of BHP Billiton, India. Additionally, he has served as an Independent Director on the Boards of number of companies including Hindustan Unilever.

Hardik Shah
Non-Executive Director
Hardik Shah is the Managing Director at KKR & Co. Inc. As a member of KKR’s Asia-Pacific infrastructure team, he is responsible for its infrastructure investments in India. During his career spanning 15 years, he has led $4 billion of transactions in India across various infrastructure sectors such as Telecom Towers, Toll Roads, Airports, Energy Transportation, and Renewable Energy. Prior to joining KKR in 2018, he worked with the Macquarie Group and Brookfield.

Sanjay Grewal
CEO & Executive Director
Sanjay Grewal is an infra-structure & real estate industry veteran with over 30 years of track record in executing advisory and financing transactions worth over $20 billion. He has led landmark investments in diverse infrastructure sectors across India and other emerging markets in Asia. He has earlier worked with Altico, IDFC, Citi, Lehman Brothers, and International Finance Corp.
Management Team

Sanjay Grewal
CEO & Executive Director
Mr. Grewal is an infrastructure and real estate industry veteran with a 30 years plus track record of executing advisory and financing transactions worth over $20 billion. He has led landmark investments in diverse infrastructure sectors across India and other emerging markets in Asia. At Virescent, Mr. Grewal is responsible for planning and executing the strategy of the firm. He has earlier worked with Altico, IDFC, Citi, Lehman Brothers and International Finance Corp.

Parin Mehta
Chief Financial Officer
Parin Mehta has 18 years of experience across Investment Banking, Corporate Financeand Project Finance. He has a proven track record of advising infrastructure companies for equity raising,debt financing, bid advisory, M&A, capital markets and InvITs. At Virescent, Mr. Mehta is responsible for the entire finance function, specifically driving the M&A, corporate and project finance verticals. He has earlier worked with Edelweiss, PwC, IDFC and Standard Chartered Bank.

Atul Raaizada
Chief Operating Officer
Atul Raaizada comes with over 28 years of experience in projects operations management across renewables and packaging industries in India and abroad. At Virescent, he is responsible for the overall operations of the company including land acquisitions, technology, regulatory and CMS functions. Prior to Virescent, he was the President – Project, Operations, Land and New Technologies at Hero Future Energies. He has also worked with renewables leaders such as Suzlon and Greeninfra.

Amit Maheshwari
General Counsel
Amit Maheshwari is a legal expert with 11 years of experience and a strong portfolio in leading potential acquisitions in the renewable energy sector. With a rich experience in procurement, advisory, drafting and negotiating PPAs, he is currently the General Counsel at Virescent. Amit has also been a Policy Advisor for the U.S. Department of State, Bureau of Energy Resources, and the U.S.-India Clean Energy Finance and Task Force. He has earlier worked with Arcelor Mittal Nippon Steel India Ltd. and Trilegal.

Neeru Bafna
CHRO
Neeru Bafna is an HR Leader with 16 years of global experience in heading the entire spectrum of HR functions, building start-ups, and transforming matured organizations across diverse industries & geographies. At Virescent, she is responsible for the Human Resource function. She comes with a proven track record of accomplishing metrics-driven outcomes whilst championing diversity/inclusion & shaping high energy workforce to enhance profitability. She has earlier worked with Axis Bank, Eros International, Reliance Jio & TCS.
Leadership Team

Kushal Varshney
Chief Technology Officer
Kushal Varshney is a technology expert with over 14 years of multi-sectoral experience in defining IT strategies and the future roadmap of diverse organisations. At Virescent, he steers IT-related operations at the organisation level, including M&A activities. Before joining Virescent, he was the CIO of CleanMax Solar. He also worked with Mahyco Seeds, Deloitte, IBM and Raymond earlier.

Charmy Bhoot
Company Secretary
Charmy Bhoot has over a decade’s experience in the infrastructure industry. An expert in corporate law and compliance, she leads governance, secretarial and compliance at Virescent. She specialises in corporate governance, corporate restructuring, JV, InvITs, acquisition advisory and due diligence. In her previous roles, she managed compliance for the wind portfolio of IL&FS Group and worked with Brookfield Infrastructure Group.

Himanshu Aggarwal
Head – Corporate Finance
Himanshu Aggarwal has over 8 years of investment banking and corporate finance experience with a focus on infrastructure sectors, including renewable energy, roads, transmission, and real estate. He has led deal execution across fundraising, M&As, and InvITs. His current role at Virescent includes steering the corporate finance vertical with a specific focus on M&A and equity fundraising for the InvIT. He has earlier worked with Edelweiss, o3 Capital, Goldman Sachs, and McKinsey & Company.

N. Maharajan
Head – Project Finance
N. Maharajan has around 8 years of experience in project finance, corporate finance, treasury management and debt syndication. He has a proven track record of debt financing for infrastructure projects. He currently leads the project finance vertical and debt financing at Virescent. Earlier, he also worked with JSW Group, Sterlite Power, SBI Capital Markets, and Power Finance Corporation.

Pradeep Patil
GM-Environmental, Social, Health & Safety
Pradeep Patil has over 25 years of experience in the renewable energy sector. He has been associated with organisations like Sindicatum Renewable Energy, GlaxoSmithKline, ThermoFisher, and Strides Arcolab. He has a wide area of expertise in ESHS / ESG function in Renewable Energy (Cogen and Solar) and Pharma & Chemicals sectors in India, SE Asia & Africa. At Virescent, he is responsible for the entire ESHS / ESG function including compliances and CSR and Sustainability.

Neeraj Dubey
Head – O&M
Neeraj Dubey has over 14 years of experience in Asset Management in the renewable energy sector. He has worked with Reliance Energy Ltd, Torrent Power, Moserbaer Clean Energy Ltd, Welspun Renewable Energy, Tata Power, and Hero Future Energies. His area of expertise lies in upgrading
O&M strategies and practices in business. At Virescent, he is responsible for the O&M operations.

Jitendra Singh Solanki
Head – CSP site
Jitendra Singh Solanki is a Project planning and Implementation expert with 24 years of experience in O&M, Quality control and Process enhancements. He is currently the CSP Site Head at Nokh. An industry veteran, Jitendra is responsible for plant operations, maximising output at minimum cost, and completion of all statutory legal bindings and contracts negotiation.

Anupam Mathur
Head – Contract & Procurement
Anupam Mathur has over 17 years of experience in Supply Chain Management, Strategic Sourcing, Procurement, and contracts. He has proven his track record of cost savings by Redesign & Optimisation processes, improving the profitability of the business. He has been associated with Softbank Energy, Renew Power, Hindustan Power, Cairn Energy, and Birla Corporation in his past. At Virescent, he is responsible for Procurement, planning and executing initiatives to reduce procurement costs & contract Management.

Swapna Ravi
Financial Controller
Swapna Ravi has over 17 years of experience in Accounts, Finance, Management Reporting and Corporate Governance & Compliance. She has formerly worked with Surana, Covanta Energy & Shapoorji Pallonji. At Virescent, she is responsible for the Accounting, Audit, Banking, MIS and Tax
compliance.

Jyoti Tejwani
Business Controller
Jyoti has over 18 years of experience across financial reporting, project finance, Direct and Indirect taxes, due diligence, and transactional structuring. She is an active member of the ICAI and has earlier worked with Sindicatum Renewable Energy Pte Limited and CMC Limited (Tata Group Company). At Virescent, she is responsible for supporting M&A, transition, and integration of future acquisitions.

Gautam Gunjan
Head of Data & Analytics
Gautam Gunjan has over 13 years of experience in the renewable energy sector, across India and Europe. In his career, Gautam has worked with Tata Power, Hero future energies & Moserbaer Clean energy. At Virescent, he leads Data and Analytics team, works with the O&M team to ensure the quality of assets & maximize portfolio value through data analysis, budgeting and costs control.
Leadership Team

Kushal Varshney
Chief Technology Officer
Kushal Varshney is a technology expert with over 14 years of multi-sectoral experience in defining IT strategies and the future roadmap of diverse organisations. At Virescent, he steers IT-related operations at the organisation level, including M&A activities. Before joining Virescent, he was the CIO of CleanMax Solar. He also worked with Mahyco Seeds, Deloitte, IBM and Raymond earlier.

Charmy Bhoot
Company Secretary
Charmy Bhoot has over a decade’s experience in the infrastructure industry. An expert in corporate law and compliance, she leads governance, secretarial and compliance at Virescent. She specialises in corporate governance, corporate restructuring, JV, InvITs, acquisition advisory and due diligence. In her previous roles, she managed compliance for the wind portfolio of IL&FS Group and worked with Brookfield Infrastructure Group.

Himanshu Aggarwal
Head – Corporate Finance
Himanshu Aggarwal has over 8 years of investment banking and corporate finance experience with a focus on infrastructure sectors, including renewable energy, roads, transmission, and real estate. He has led deal execution across fundraising, M&As, and InvITs. His current role at Virescent includes steering the corporate finance vertical with a specific focus on M&A and equity fundraising for the InvIT. He has earlier worked with Edelweiss, o3 Capital, Goldman Sachs, and McKinsey & Company.

N. Maharajan
Head – Project Finance
N. Maharajan has around 8 years of experience in project finance, corporate finance,treasury management and debt syndication. He has a proven track record of debt financing for infrastructure projects. He currently leads the project finance vertical and debt financing at Virescent. Earlier, he also worked with JSW Group, Sterlite Power, SBI Capital Markets, and Power Finance Corporation.

Pradeep Patil
Head – Environment, Social, Health & Safety
Pradeep Patil has over 25 years of experience in the renewable energy sector. He has been associated with organisations like Sindicatum Renewable Energy, GlaxoSmithKline, ThermoFisher, and Strides Arcolab. He has a wide area of expertise in ESHS / ESG function in Renewable Energy (Cogen and Solar) and Pharma & Chemicals sectors in India, SE Asia & Africa. At Virescent, he is responsible for the entire ESHS / ESG function including compliances and CSR and Sustainability.

Neeraj Dubey
GM – O&M
Neeraj Dubey has over 14 years of experience in Asset Management in the renewableenergy sector. He has worked with Reliance Energy Ltd, Torrent Power, Moserbaer Clean Energy Ltd, Welspun Renewable Energy, Tata Power, and Hero Future Energies. His area of expertise lies in upgrading O&M strategies and practices in business. At Virescent, he is responsible for the O&M operations.

Jitendra Singh Solanki
Head – CSP site
Jitendra Singh Solanki is a Project planning and Implementation expert with 24 years of experience in O&M, Quality control and Process enhancements. He is currently the CSP Site Head at Nokh. An industry veteran, Jitendra is responsible for plant operations, maximising output at minimum cost, and completion of all statutory legal bindings and contracts negotiation.

Anupam Mathur
Head – Contract & Procurement
Anupam Mathur has over 17 years of experience in Supply Chain Management, StrategicSourcing, Procurement, and contracts. He has proven his track record of cost savings by Redesign & Optimisation processes, improving the profitability of the business. He has been associated with Softbank Energy, Renew Power, Hindustan Power, Cairn Energy, and Birla Corporation in his past. At Virescent, he is responsible for Procurement, planning and executing initiatives to reduce procurement costs & contract Management.

Swapna Ravi
Financial Controller
Swapna Ravi has over 17 years of experience in Accounts, Finance, Management Reporting and Corporate Governance & Compliance. She has formerly worked with Surana, Covanta Energy & Shapoorji Pallonji. At Virescent, she is responsible for the Accounting, Audit, Banking, MIS and Tax compliance.

Jyoti Tejwani
Business Controller
Jyoti has over 18 years of experience across financial reporting, project finance,Direct and Indirect taxes, due diligence, and transactional structuring. She is an active member of the ICAI and has earlier worked with Sindicatum Renewable Energy Pte Limited and CMC Limited (Tata Group Company). At Virescent, she is responsible for supporting M&A, transition, and integration of future acquisitions.

Gautam Gunjan
GM – Analytics & Quality
Gautam Gunjan has over 13 years of experience in the renewable energy sector, across India and Europe. In his career, Gautam has worked with Tata Power, Hero future energies & Moserbaer Clean energy. At Virescent, he leads Data and Analytics team, works with the O&M team to ensure the quality of assets & maximize portfolio value through data analysis, budgeting and costs control.
Key Policies
Document Archival Policy | May 27, 2022 | View> |
Policy on Material subsidiaries | May 27, 2022 | View> |
Policy on UPSI and dealing in units by the parties to the Trust | November 12, 2021 | View> |
Policy for Determining Materiality of Information | November 12, 2021 | View> |
Code of Conduct Policy | February 17, 2021 | View> |
Related Party Transactions Policy | February 17, 2021 | View> |
Appointment of Auditor and Valuer Policy | February 17, 2021 | View> |
Distributions Policy | February 17, 2021 | View> |
Borrowing Policy | February 17, 2021 | View> |
Vigil Mechanism | January 20, 2021 | View> |
Risk Management | December 17, 2020 | View> |
Terms of appointment of ID | November 26, 2020 | View> |
HSE Policy | October 1, 2020 | View> |
ABC Policy | October 1, 2020 | View> |
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