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Tata Power - Redefining the Power Sector of India
Home > About Us > Board of Directors

Tata Power – Board of Directors

Mr. Natarajan Chandrasekaran
Chairman, Non - Independent, Non - Executive Director

Mr. Natarajan Chandrasekaran is the Chairman Designate, Tata Sons Limited (Tata Sons). He was appointed as a director on the board of Tata Sons on 25th October 2016.

Mr. Chandrasekaran is currently the Chief Executive Officer and Managing Director of Tata Consultancy Services Limited (TCS), a leading global IT solution and consulting firm, a position he has held since 2009.

Mr. Chandrasekaran joined TCS in 1987 after completing his master’s in computer applications from Regional Engineering College, Trichy, Tamil Nadu, India. Under his leadership, TCS has become the largest private sector employer in India with the highest retention rate in a globally competitive industry. TCS remains the most valuable company in India and ended 2015-16 with a market capitalisation of over US $70 Bn. Under Mr. Chandrasekaran’s leadership, TCS was rated as the world's most powerful brand in IT services in 2015 and recognised as a Global Top Employer by the Top Employers Institute across 24 countries.

A technopreneur known for his ability to make big bets on new technology, Mr. Chandrasekaran has been driving TCS’s strong positioning in the emerging digital economy with a suite of innovative digital products and platforms for enterprises, some of which have since scaled into sizeable new businesses.

He was also appointed as a director on the board of India’s central bank, the Reserve Bank of India in 2016. He has served as the chairperson of IT Industry Governors at the WEF, Davos, in 2015-16. He has been playing an active role in the Indo-US and India-UK CEO Forums. He is also part of India’s business taskforces for Australia, Brazil, Canada, China, Japan and Malaysia. He served as the Chairman of Nasscom, the apex trade body for IT services firms, in India in 2012-13 and continues to be a member of its governing executive council.

Mr. Chandrasekaran has received several awards and recognition in the business community. Recently he was honoured with the ’Business Leader Award’ at the ET Awards for Corporate Excellence 2016. He was also awarded Qimpro Platinum Standard Award 2015 (business) and Business Today’s Best CEO 2015 (IT and ITEs). He was voted the ‘Best CEO’ for the fifth consecutive year by the Institutional Investor’s 2015 Annual All-Asia Executive Team rankings. During 2014, he was voted as one of CNBC TV 18 Indian Business Icons. He was also awarded CNN-IBN Indian of the Year 2014 in the business category.

Mr. Chandrasekaran was presented with the ’Best CEO for 2014’ award by Business Today for the second consecutive year. He has also received the Medal of the City of Amsterdam - Frans Banninck Coqc - in recognition of his endeavour to promote trade and economic relations between Amsterdam and India.

Mr. Chandrasekaran was conferred with a honorary doctorate by JNTU, Hyderabad, India (2014). He has received an honorary doctorate from Nyenrode Business Universiteit, Netherland's top private business school (2013). He has also been conferred honorary degrees by many Indian universities such as the Gitam University, Visakhapatnam, Andhra Pradesh (2013); KIIT University, Bhubaneswar, Odisha (2012); and the SRM University, Chennai, Tamil Nadu (2010).

Mr. Chandrasekaran is currently the Chairman of Tata Steel Limited and Tata Motors Limited. He is also on the Boards of The Indian Hotels Company Limited and the Reserve Bank of India.

Mr. S. Padmanabhan
Non - Independent, Non - Executive Director

Mr. Padmanabhan is currently the Executive Chairman, Tata Business Excellence Group (TBExG) and holding additional responsibility as Head of Group HR for Tata Sons Limited.

His career with the Tata Group companies began with Tata Consultancy Services Limited (TCS) in 1982 and spans over 34 years. During his 26 year stint in TCS, he has held roles such as Executive Director of Human Resources, Head of Application Development and Maintenance, Head of Airlines Practice and Country Manager, TCS Switzerland.

Mr. Padmanabhan was also the Executive Director-Operations of Tata Power from 6th February 2008 to 30th June 2014, and was responsible for the profitable and sustainable operations of all thermal and hydro generation plants across India and transmission and distribution systems in Mumbai. He was also on the Boards of the operating subsidiaries of the Company.

Mr. Padmanabhan has a distinguished academic record in the technical and management domain from reputable institutions. He is a Glaxo Marketing Scholar Medalist, a Distinguished Alumnus from IIM Bangalore, and a Gold Medalist and a Distinguished Alumnus from PSG College of Technology, Coimbatore. He has completed the Advanced Management Program at the Harvard Business School. He is also a life member of CSI, Senior Member of IEEE.

Mr. Padmanabhan is a Director on the Board of Infiniti Retail Limited and The Associated Building Company Limited and Non-Executive Chairman of Tata Consulting Engineers Limited.

Mr. Nawshir H. Mirza
Independent, Non - Executive Director

Mr. Mirza is a Chartered Accountant who spent 36 years with S. R. Batliboi & Co. Most of that experience was in the audit and assurance domains. He joined the board of Tata Power in 2006. He is currently also on the boards of Exide Industries Ltd., Thermax Ltd. and Centre for Advancement of Philanthropy, in addition to those within the Tata Power Group of companies. He is deeply involved in the movement for improved governance in corporations and speaks frequently on the topic.

He is also an Independent Director on the boards of Tata Power Delhi Distribution Ltd., Coastal Gujarat Power Ltd., Tata Power Renewable Energy Ltd. and Welspun Renewable Energy Pvt. Ltd., all subsidiaries of Tata Power. In Tata Power, he chairs the Nomination and Remuneration Committee and is a member of the Audit Committee of Directors, Risk Management Committee and Executive Committee of the Board.

Mr. Deepak M. Satwalekar
Independent, Non - Executive Director

Mr. Satwalekar was the Managing Director and CEO of HDFC Standard Life Insurance Company Limited from November 2000 till November 2008 and prior to this, he was the Managing Director of HDFC Limited from 1993 - 2000. Mr. Satwalekar obtained a Bachelor's Degree in Technology from the Indian Institute of Technology, Bombay and a Master's Degree in Business Administration from The American University, Washington DC.

He is also on the board of other companies.

Ms. Sandhya S. Kudtarkar
Non - Independent, Non - Executive Director

Ms. Kudtarkar is a Commerce graduate, Chartered Accountant and Company Secretary and has been with the Tata Group since March 1982. Having held various positions in the Secretarial function with Tata Steel Limited, she was the Company Secretary of Tata Steel from June 1994 till October 2001, when she moved to the Tata Group Legal Department. She is an ex-member of the Legal Affairs Committee of the Bombay Chamber of Commerce & Industry.

She is also on the board of other companies.

Ms. Anjali Bansal
Independent, Non - Executive Director

Ms. Bansal is a Senior Advisor to TPG Capital (TPG), a leading global private equity fund, based in Mumbai. Prior to joining TPG, Ms. Bansal was a global Partner with Spencer Stuart where she founded and led their India business and co-led their Asia Pacific Board & CEO practice as part of the Asia Pacific leadership team. She has worked in various geographies across the United States, Europe and Asia, advising Indian and multinational companies. Earlier, Ms. Bansal was a strategy consultant with McKinsey & Company in New York and Mumbai. She started her career as an engineer.

An active contributor to the emerging dialogue on corporate governance and diversity, she co-founded and chaired the FICCI Center for Corporate Governance program for Women on Corporate Boards. She is a keen participant in the broader business ecosystem and has served on the managing committee of the Bombay Chamber of Commerce and Industry and on the CII National Committee for Women.

She has been listed as one of the Most Powerful Women in Indian Business by India's leading publication, Business Today, and as one of the Most Powerful Women in Business by Fortune India.

Ms. Bansal serves on the boards of GlaxoSmithKline Pharmaceuticals India, Bata India Limited, and Voltas Limited. She serves on the Advisory Board of the Columbia University Global Centers, South Asia and as a trustee on the boards of the United Way of Mumbai and Enactus. Her prior non-profit roles include chairing the board of FWWB, India's leading livelihood and microfinance organization. Ms. Bansal is an active member of the YPO (Young Presidents' Organization).

Ms. Vibha U. Padalkar
Independent, Non - Executive Director

Ms. Vibha Padalkar is Executive Director and Chief Financial Officer at HDFC Standard Life Insurance Company Limited (HDFC Life).

Ms. Padalkar joined HDFC Life in August 2008 after spending seven years as Executive Vice President-Finance at WNS Global Services (WNS), a NYSE listed leading global business process outsourcing company. Her key achievement during her tenure at WNS was to lead a team that successfully completed the Group's IPO on the New York Stock Exchange in a short span of six months. Prior to WNS, she was with Colgate Palmolive India, including a short posting to the group's New York headquarters.

Ms. Padalkar became a member of the Institute of Chartered Accountants in England and Wales in 1992, after having completed her college education in London. She is also a member of the Institute of Chartered Accountants in India.

Apart from leading the Finance, Internal Audit, Compliance, Risk Management, Legal and Secretarial teams, she also has oversight of the Pension Subsidiary Company.

Mr. Sanjay V. Bhandarkar
Independent, Non - Executive Director

Mr. Sanjay Bhandarkar is the former Managing Director of Rothschild's Investment Banking operations in India.

During his career with Rothschild, he advised on a variety of corporate finance transactions across M&A, Capital Markets and Debt Restructuring.

A few notable deals include; advising Meralco on their acquisition of GMR’s Island Power Project in Singapore; advising shareholders of CAMS, India’s largest mutual fund registry business on the sale of 45% stake to National Stock Exchange; advising McCormick on the purchase of the foods business from Kohinoor Foods; advising Government of India on the 3G and BWA auctions, the pioneering e-auction process in India; advising the Tata Group on the purchase of Corus;  advising Aircel on the sale of its towers business to GTL; advising Suzlon on its debt restructuring discussions with international lenders; advising GVK - South African consortium on its bid for Mumbai airport privatisation; advising  Indian  Lenders  on  restructuring  and  sale of Dabhol  Power  Company, India’s largest and most complex restructuring.

Mr. Bhandarkar has a degree in Management from XLRI, Jamshedpur. Prior to Rothschild, he has also worked with Peregrine Capital and ICICI Securities and Finance Company Limited. He has over two decades of experience in Investment banking.

Mr. Kesava Menon Chandrasekhar
Independent, Non - Executive Director

Mr. Chandrasekhar entered the Indian Administrative Service in 1970. He was ranked third in the list in the batch. Prior to that, he secured B.A. (Honours) in Economics and M.A. in History from St. Stephen’s, College, University of Delhi. After entering Government service, he did his M.A. in Management Studies from the University of Leeds in United Kingdom.

He spent the first 25 years of his career in Kerala, holding such positions as Managing Director of the State Civil Supplies Corporation, District Collector, Idukki, Director of Fisheries, Principal Secretary (Industries) and Principal Secretary (Finance). During this period, he was also Chairman of the Spices Board under the Ministry of Commerce, Government of India.

In 1996, he left Kerala on Central Government deputation. During his 15 years tenure with the Government of India, from 1996 to 2011, he was Joint Secretary in the key Trade Policy Division of the Ministry of Commerce, Deputy Chief of Mission in the Embassy of India, Brussels and the Ambassador and Permanent Representative of India in the World Trade Organization in Geneva. He rose to the position of Union Cabinet Secretary. As Cabinet Secretary, he was Head of all the Civil Services in India and reported directly to the Prime Minister. He retained that position for four years. He retired from Government service in 2011 at the age of 63, having served Government for 41 years.

Post Retirement, he was, for 5 years, Vice-Chairman, Kerala State Planning Board with rank of Cabinet Minister of the State.

Mr. Chandrasekhar has considerable management experience having been associated as Chairman, Managing Director or member of the Board of Directors of more than 40 companies in the public, joint and private sector. He has written several articles and presented papers. He has also been consultant to the Commonwealth Secretariat and to the UN Food and Agriculture Organization.

He is presently Chairman, Federal Bank; President, Sree Chitra Institute of Medical Sciences and Technology, Trivandrum and Chairman, Centre for Development Studies, Trivandrum.

Mr. Anil Sardana
CEO & Managing Director

Mr. Sardana is an Electrical Engineer from Delhi College of Engineering and holds a Post Graduate Diploma in Management. He brings with him over three decades of experience in the power and infrastructure sector and has worked with companies like NTPC Limited, BSES (prior to it becoming an ADAG group company), Tata Power Delhi Distribution (erstwhile NDPL). Mr. Sardana also served as the Executive Director (Business Development & Strategy) for Tata Power from 1st March 2007 to 3rd August 2007 and continued to be on its Board till 1st July 2008. Mr. Sardana was the Managing Director of Tata Teleservices Limited for over 3 years from 2007 to 2011.

He is also on the board of other companies.

Mr. Ashok S. Sethi
COO & Executive Director

Mr. Ashok S. Sethi, is a B.Tech from IIT, Kharagpur. He was Chief - Corporate Operations Management and was also Executive Director of Maithon Power Limited, a subsidiary of the Company. He has wide experience in power sector ranging from Thermal & Hydro Generation, Transmission & Distribution, Commercial & Regulatory and also Advocacy. He has been with the company for the last 38 years and has deep understanding and commitment to the business and stakeholders.

He is also on the board of other companies.


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