Sipan Garg Takes Additional Charge as CMD of THDC India Ltd

In a significant development for India’s public sector power landscape, Sipan Kumar Garg has officially taken over as the Chairman and Managing Director (CMD) of THDC India Limited in an additional capacity, following the sudden demise of R K Vishnoi on November 15, 2025. Garg, who is currently serving as Director (Finance) at the company, was assigned this role with effect from November 16, 2025, for a period of three months, or until a permanent appointment is made.

Background and Experience of Sipan Garg

Sipan Garg brings with him more than 24 years of professional experience in finance, accounts, taxation, and commercial operations within the power sector. He joined THDC India as Director Finance on August 17, 2024, and has played a crucial role in the company’s financial planning and strategic management.

Prior to his tenure at THDC India, Garg held key leadership positions, including,

• Chief Financial Officer (CFO) at Aravali Power Company Pvt. Ltd.
• CFO at Patratu Vidyut Utpadan Nigam Ltd.
• Both companies are subsidiaries of NTPC Limited, India’s largest power utility.

About THDC India Ltd

THDC India Limited, headquartered in Rishikesh, is a public sector enterprise engaged in power generation across multiple sources, including,

• Hydropower
• Solar energy
• Thermal energy
• Pumped storage systems
• As a wholly owned subsidiary of NTPC Limited, THDC plays a pivotal role in India’s energy diversification and clean energy strategy.

The company continues to expand its footprint in the renewable energy space, aligning with national goals of achieving carbon neutrality and energy sustainability.

Impact and Significance

The appointment of Garg at a time of sudden leadership vacuum ensures continuity in operations and strategic oversight at THDC. His finance background and extensive public sector experience will be instrumental in guiding the company through ongoing and upcoming projects.

The post of CMD is critical in overseeing multi-source energy projects and guiding THDC’s role in India’s clean energy transition under the National Electricity Plan.

Key Takeaways

• Sipan Garg takes additional charge as CMD of THDC India from November 16, 2025.
• The post became vacant after R K Vishnoi passed away on November 15, 2025.
• Garg continues as Director Finance, a role he has held since August 17, 2024.
• He has 24+ years of experience in finance roles within India’s power sector.
• He previously served as CFO at Aravali Power and Patratu Vidyut, both NTPC subsidiaries.