JSW Energy Limited

Integrated Annual Report 2020

BOARD OF DIRECTORS


Mr. Sajjan Jindal
Chairman and Managing Director

An accomplished business leader and a second-generation entrepreneur, Mr. Jindal had the foresight to lead the steel industry and JSW Steel, in particular, on a transformational journey, contributing significantly to India’s growth philosophy.

Mr. Jindal has led the JSW Group through some of its most exciting phases, including JSW Steel and JSW Energy going public in 1995 and 2009-10, respectively. Today, the Group takes pride in expanding the business landscape beyond Steel and Energy, across Infrastructure, Sports, Cement and Paints, with Group revenues of around $12 billion for the year ended March 31, 2020.

A firm believer in the ‘Make in India’ philosophy, Mr. Jindal has been awarded at many global platforms for his contribution and commendable work, including the ‘CEO of the Year 2019’ by Business Standard (India’s leading business publication) and ‘Best CEO Award 2019’ by Business Today Magazine. He has also been recognised as ‘Outstanding Business Leader of the Year 2018’ by Indian Business Leader Awards (IBLA) presented by CNBC TV18 (India’s leading business news channel). Earlier, he was also awarded the JRD Tata Award 2017 for ‘Excellence in Corporate Leadership in Metallurgical industry’ and the ‘2014 National Metallurgist Award:Industry’ instituted by the Ministry of Steel, Government of India.

His keenness to give back to the society and a desire to improve the lives of individuals led to the formation of JSW Foundation,the CSR arm of the JSW Group. The Foundation is committed to empowering individuals to bridge the socioeconomic divide and contribute to the creation of equitable and sustainable communities. The Foundation is proud to have touched the lives of over 1 million people by providing them with opportunities for a bright and sustainable future. A renowned and respected practitioner of sustainable business practices, Mr. Jindal is a noted member of the Executive Committee of the World Steel Association (WSA), and former President of Indian Steel Association (ISA) and the Institute of Steel Development & Growth (INSDAG). He is also a Council member of the Indian Institute of Metals.


Mr. Prashant Jain
Joint Managing Director and CEO

Mr. Jain is a mechanical engineer with more than 28 years of rich experience in Operations, Project Execution and Management, Corporate Strategy, Joint Ventures, Mergers & Acquisitions, Corporate Affairs, Information Technology, Investor Relations and Policy Advocacy.

Mr. Jain is a persuasive professional with strong technocommercial acumen and a proven proficiency for driving business initiatives and strategies.

His Mantra for management is to “Innovate & To Do Things Differently” to achieve desired goals.

Mr. Jain has been working with JSW Group for more than 25 years. Prior to being appointed in the current role in June, 2017, he was working with JSW Steel Limited.


Mr. Jyoti Kumar Agarwal
Director-Finance

Mr. Agarwal holds a Bachelor’s degree in Commerce and is a Chartered Accountant and also a Chartered Financial Analyst.He holds an MBA from IIM, Calcutta.

Mr. Agarwal has over 19 years of rich and varied professional experience across corporate finance, asset management, investment banking, treasury and foreign exchange management and management consulting, having worked with reputed Indian and multinational corporations. Prior to joining the Company, Mr. Agarwal was Vice President (Finance) with JSW Steel Limited.


Mr. Chandan Bhattacharya
Independent Director

Mr. Bhattacharya is an Arts graduate from Calcutta University and also a Certified Associate of Indian Institute of Bankers (CAIIB).

Mr. Bhattacharya is the former Managing Director of State Bank of India. He was the Chairman of the Finance and Banking Committee of the Indian Merchants’ Chamber, Mumbai. He also served as a Member of Securities Appellate Tribunal (SAT) for two years. Thereafter, he worked with international banking giants such as Societe Generale, the French banking group and Rabo Bank, the Dutch banking group, as an advisor for India and South Asia operations. Concurrently, he worked with McKinsey & Co. for seven years as advisor for financial sector practices in India and South Asia.

Mr. Bhattacharya has rich experience of five decades in the banking and financial sector in India. He is also on the Boards of other reputed companies.


Mr. Rakesh Nath
Independent Director

Mr. Nath has over four decades of varied experience in the power sector. He was the Technical Member of the Appellate Tribunal for Electricity (APTEL), Chairperson of Central Electricity Authority and Ex-Officio Secretary to the Government of India, and Whole-time Director of the Power Trading Corporation. He has also been the Chairman, Bhakra Beas Management Board and Member Secretary of Northern and Western Regional Electricity Boards. He is also on the Boards of other reputed companies.


Mr. Sattiraju Seshagiri Rao
Independent Director

Mr. Rao holds a Bachelor’s degree in Electrical Engineering and a Master’s degree in Business Administration. He has over 46 years of vast experience in professionally managed, stateowned joint venture with multi-national and private sector power companies in the areas of power generation, Extra High Voltage (EHV) transmission and power systems.

Mr. Rao was the first Joint Managing Director and CEO of the Company, having served for 15 years. He is also on the Boards of other reputed companies.


Ms. Rupa Devi Singh
Independent Director

Ms. Singh was the founder MD & CEO of Power Exchange India Limited. Her repertoire of experience spanning 4 decades includes commercial & investment banking with SBI and strategic consulting & overseas marketing with CRISIL. She has strong credentials as an infrastructure and structured finance specialist, being involved in many new initiatives in the Indian infrastructure sector since 1999. She is also an Independent Director on the Boards of other reputed companies.


Mr. Sunil Goyal
Independent Director

Mr. Goyal, a Member of the Institute of Chartered Accountants of India, is the Founder and Managing Partner of Kreston SGCO Advisors LLP and the Founder and Mentor of SGCO & Co., a well-known accountancy firm based in Mumbai. Mr. Goyal leads a team of more than 300 professionals in his group and is a member of the Global Board of Kreston International Limited, UK, headquartered in London.

With 30 years of experience, Mr. Goyal specialises in the field of Financial and Business consultancy, with core strengths in fund raising through debt and equity, business restructuring, business valuations, M&A, strategic alliances and capital markets.


Mr. Nirmal Kumar Jain
Non-Executive Director

Mr. Jain holds a Bachelor’s degree in Commerce and is a Fellow Member of The Institute of Chartered Accountants of India and The Institute of Company Secretaries of India. He has over four decades of experience in diverse areas, including that of M&A, finance, legal, capital structuring, etc.

Mr. Jain joined the JSW Group in 1992 and has held positions of increasing responsibilities in the Group. He was the Executive Vice Chairman of JSW Energy Limited till his retirement in August, 2013, while continuing as a Director. He is also the Director/ Chairman of other JSW Group companies.

Mr. Jain has contributed tremendously in many areas, including leading the JSW Group in its new ventures in Energy, Infrastructure and Cement, apart from leading various successful assignments for the Steel business. His deep knowledge and astute eye for all aspects of the business have helped establish JSW as a still rapidly growing diversified conglomerate.

Mr. Jain is associated with several social and cultural organisations.


Mr. Sharad Mahendra
Whole-time Director & COO

Mr. Mahendra has completed his B. Tech in Mechanical Engineering from NIT, Allahabad and brings with him 31 years of rich experience in automobile, steel, chemical and power industries.

Mr. Mahendra has been a Director on the Board of APL Apollo Tubes Limited and was responsible for the overall sales and marketing functions as well as for organisation building. He has worked with Phillips Carbon Black Limited, JSW Steel Limited, Escorts Limited and Yamaha Motors Limited in various capacities. In his previous stint at JSW Steel Limited, he was responsible for both domestic and international sales as well as for the marketing functions for all flat products.

Mr. Mahendra has been a recipient of “Hall of Fames Award, London” for Best Marketing & Communication globally.