Mr. Reshu Madan will head the Global Products & Services (GPS) business of Sterlite Power, leading global developer of power transmission.
May 6, 2024
Sterlite Power, a leading global developer of power transmission, today announced the appointment of Mr. Reshu Madan as Chief Executive Officer, Global Products & Services (GPS) business.
As per a statement issued by the company, Mr. Madan succeeds Mr. Manish Agarwal, who has decided to pursue an opportunity outside the company. Mr. Madan will work closely with Mr. Agarwal for a smooth transition as he integrates into his new role. Mr. Madan will report to Mr. Pratik Agarwal, Managing Director, Sterlite Power.
Commenting on the appointment, Mr. Pratik Agarwal, Managing Director, Sterlite Power, said, “We are happy to welcome Reshu Madan as the new CEO of our Global Products & Services business. Reshu’s five impactful years at Sterlite Power, along with his deep understanding of the power and infrastructure sectors, make him a valuable asset. We are confident that under his leadership, the GPS business will be further strengthened and scale newer heights.”
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Mr. Madan is a seasoned industry professional, having spent over 25 years in leadership positions across power and infrastructure. Over the last five years at Sterlite Power, he has successfully driven the growth of its power cables vertical. As Director of Commercial & HVDC, he spearheaded key strategic initiatives, including securing the company’s first Statcom project in the infrastructure segment.
Prior to Sterlite Power, Mr. Madan held leadership roles at Crompton Greaves and TBEA Energy. He holds a B.E. (Mechanical) degree from Pune University and a Post Graduate Diploma in Business Management from IMT Ghaziabad.
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Mr. Madan said, “I am honored to take on this role and lead Sterlite Power’s mission to accelerate energy transition and decarbonization efforts with our customers around the world. Given our scale, technology and manufacturing capabilities, Sterlite Power’s growth potential is significant. I look forward to collaborating with our talented team and valued customers to unlock this potential and deliver clean energy solutions on a global scale.”
Sterlite Power is a leading private sector power transmission infrastructure developer and Global Products and Services provider. We have a robust portfolio of 33 completed, sold and under construction power transmission projects covering approximately 16,529 circuit km of transmission lines across India and Brazil. In India, Sterlite Power has about USD 2 billion worth of projects under management. It has won a third (by tariff) of all inter-state private transmission projects awarded in India under competitive bidding since 2011.
