SJVN Appoints Shri Parthajit De as Whole-time Director (Finance) for 5 Years

SJVN Limited has announced the appointment of Shri Parthajit De as Whole-time Director (Finance) on its Board. The Ministry of Power issued an order on March 18, 2026, appointing Shri De for a period of five years, effective from his assumption of charge on March 19, 2026, or until further orders.

Shri Parthajit De brings extensive experience of nearly 30 years in finance. He is a Fellow Member of the Institute of Cost Accountants of India (ICMAI), a Chartered Financial Analyst, and has completed CGMA from the Chartered Institute of Management Accountants, UK. Prior to this appointment, he held significant positions at NHPC Limited, including heading Corporate Accounts & Policy Section, Corporate Tax Cell, and Employment Benefit Trusts. He also served as a nominee Director on the Board of Loktak Downstream Hydroelectric Corporation Ltd.

His career at NHPC, starting in November 1998, has provided him with expertise in corporate accounts, taxation, trusts, and contracts. He possesses a deep understanding of Indian Accounting Standards, Taxation, Tariff Regulations, and Corporate Governance. His experience spans both project sites and corporate office functions, where he played vital roles in project capitalization and setting up financial systems. He was also instrumental in the first-time adoption of Ind AS in 2016-17 at NHPC.

During his leadership in Corporate Accounts & Policy at NHPC, the company's Financial Statements received NIL Comments from the C&AG for nine consecutive years. NHPC also secured prestigious awards for Financial Reporting, including the Silver Shield in 2019-20 and the Gold Shield in 2020-21 from the Institute of Chartered Accountants of India, as well as a Gold Medal for Best Presented Annual Report from the South Asian Federation of Accountants in 2020-21. Shri De is recognized for his in-depth knowledge of Financial Systems, Tariff Regulations, and Accounting Standards, contributing to the revision and updation of NHPC's Finance Manuals in 2022.

Consequent to this appointment, Shri Sipan Kumar Garg ceases to hold the additional charge of Director (Finance) and Chief Financial Officer of SJVN Limited. Shri Parthajit De is not related to any Director on the Board of the Company and is not debarred from holding the office of director by any SEBI order or any other such authority.