Pune: Kalpa Power Private Limited, one of India’s energy management companies, has announced the appointment of Pankaj Aggarwal as Chief Financial Officer (CFO). "A seasoned financial leader with over 23 years of experience, Pankaj will oversee the company’s Finance, Compliance, and Corporate Strategy functions," said the company in a statement on Monday.
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"Pankaj joins Kalpa Power at a strategic time as the company accelerates its mission to reach 5 GW of installed solar capacity by 2030. His extensive experience will enable Kalpa Power to strengthen financial governance, optimise capital allocation, drive the company’s international expansion, and support its ambitious growth trajectory," the company said.
Prior to joining Kalpa Power, Aggarwal served as Senior Vice President of Finance at Kalpataru Projects International Limited, where he played a pivotal role in strengthening financial governance and enabling scalable growth. His career includes a 15-year tenure at STL (Sterlite Technologies), where he handled various roles in the power and telecom business lines of the company. At STL, he also served as CFO – Global Services, managing complex, multi-region businesses in India and the UK. He began his career with a strong foundation in financial discipline at Atul Ltd, a chemicals major.
Rounak Muthiyan, Founder & Director, Kalpa Power, said, "We are thrilled to welcome Pankaj to the leadership team. As Kalpa Power enters its next phase of exponential growth, his deep expertise in managing large-scale global financial operations and his track record in corporate governance will be invaluable. Pankaj’s appointment comes at a time when Kalpa is moving from a high-growth player to a major energy institution."
Pankaj Aggarwal, Chief Financial Officer, Kalpa Power, said, "I'm excited to join Kalpa Power at a time when the Indian energy sector is at a historic tipping point. I've long admired the company's 'Make It Happen' spirit and its track record of delivering high-impact solar projects. I look forward to working closely with Rounak and the leadership team to build a robust financial roadmap that supports our ambitious 2030 goals and delivers long-term value to stakeholders."
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Aggarwal is a qualified Chartered Accountant (ACA) and a certified Company Secretary (CS), bringing a rare combination of financial strategy and regulatory expertise to the board.
