Investing in change

Board of Directors

Pradeep Kumar Panja

Independent Director

Pradeep Kumar Panja is the former Managing Director and Head of Corporate Banking of State Bank of India (SBI). He spent 39 years at SBI, during which he held various senior positions, and also had Board representations on several committees. He is currently on the Board of several reputed companies, and a member of the Banks Board Bureau.

P. Vinay Kumar

Independent Director

P. Vinay Kumar is the founder of VARP Power and an industry veteran with rich experience of working at large power EPC companies and executing large-format T&D projects in India and Africa. Before his entrepreneurial venture, he was the CEO & MD of Brookfield Asset Management, India Renewables, responsible for clean energy asset acquisitions for portfolio growth. He was also the COO of Greenko Group and credited with building the world’s largest solar plant in India.

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 infrastructure and 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 Finance and 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.

Meghana Singh

General Counsel

Meghana Singh is a transactional and advisory lawyer with over 15-year professional track record. She currently helms the legal and compliance function at Virescent. She has extensive experience in private practice with large law firms in India and Singapore. She has held leadership positions in the infrastructure and financial services sector and worked closely with renowned business houses and teams to establish systems for compliance and legal risk management. Before joining Virescent, she was the group general counsel for IL&FS.

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 13 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.

Ashfan Ganatra

Financial Controller

Ashfan Ganatra has over 13 years of experience across financial reporting, assurance, strategic & financial planning and investor relations. At Virescent, in addition to his role as financial controller, he is also responsible for supporting C-Suite and Board of Directors on enterprise wide strategic initiatives. He earlier worked for organisations such as Altico Capital and EY, where he steered various finance and strategic initiative for these firms.

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 – EHS

Pradeep Patil has over 25 years of experience in ESHS / ESG function in Renewable Energy, Pharma & Chemicals sectors. At Virescent, he is responsible for the entire ESHS / ESG function including Compliances, CSR & Sustainability. He has worked with Sindicatum Renewable Energy, GlaxoSmithKline, and Strides Arcolab across India, SE Asia & Africa.

Neeraj Dubey

Head – O&M

Neeraj Dubey has over 14 years of Asset Management experience with companies like Reliance Energy Ltd, Torrent Power, Tata Power, and Hero Future Energies. At Virescent, he leads Operations & Asset Management, implementing strategies to maximize revenue and ensure compliance across portfolio.

Anupam Mathur

Head – Contract & Procurement

Anupam Mathur has over 17 years of experience in SCM, procurement, and contracts. At Virescent, he is responsible for contract management, procurement, planning and executing initiatives to reduce costs. He has earlier worked with Softbank Energy, Renew Power, Hindustan Power, and Birla Corporation.

Swapna Ravi

Head – Finance & Accounts

Swapna Ravi has over 17 years of experience in Accounts, finance, management reporting, corporate governance & compliance. At Virescent, she is responsible for Accounting, Audits, Banking, MIS and Tax compliances. She has formerly worked with Surana, Covanta Energy & Shapoorji Pallonji.

Sandeep Melana

Head – Forecasting, Scheduling, and CMS

Sandeep Melana has over 12 years of experience in Renewable Technology. At Virescent, he is responsible for maintaining F&S, CMS, SCADA, Application development, database management and performance Analysis. He has strong technical & program management skills and has worked with Hero Future Energies & Regent Climate Knowledge Solutions in the past.

Jyoti Tejwani

Head – Portfolio Management

Jyoti Tejwani has over 18 years of experience across financial reporting, project finance, direct/indirect taxes and transactional structuring. At Virescent, she is responsible for supporting M&A, transitions, and integration of future acquisitions. She is an active member of the ICAI and has worked with Sindicatum Renewable Energy Pte Limited and CMC Limited.

Gautam Gunjan

Head – Data & Analytics

Gautam Gunjan has over 13 years of experience in the renewable energy sector, across India and Europe. At Virescent, he leads Data and Analytics team, maximizing portfolio value through data analysis, budgeting and costs control. He has worked with Tata Power, Hero future energies & Moserbaer Clean energy.