Amp Energy India, a leading renewable energy company has announced that it has appointed industry veteran Surendra Gupta as Director and Chief Financial Officer (CFO) to lead the finance function amid its India expansion plans creating the first truly balanced renewable energy company serving both C&I and Utility customers through solar, wind, hybrid and storage assets.
Gupta succeeds Shyam Sharma and brings with him a successful track record of Strategic and Business Planning, Fund Raising (International & Domestic), Procurement and Mergers & Acquisition, etc.
“I am very excited & delighted to be a part of the dynamic team at Amp Energy India. Amp has been growing at a rapid pace and has already made a name for itself in the diverse renewable energy market. The company is ready for its next level of growth and with my strong background in manufacturing, EPC contracting and Renewables sectors with a hands-on rich and varied experience globally in raising Public/Private equity and large project funding, driving cross-functional systems integrations and compliance processes, I expect to contribute my bit in this exciting and evolving growth story of Amp Energy India. As a part of this promising and visionary team at Amp, we hope to take the company to newer heights of growth in the coming years”, said Gupta who has assumed the role of Director and CFO at the firm.
Earlier, Gupta was CFO at Azure Power where he spearheaded the Finance function for the Company from the start-up stage to the first Indian renewable IPP to be listed in the NYSE in the US. The firm stated that their new CFO also brings his multifunctional experience having also headed the asset management team.
While at Azure, he played a key role in raising India’s first USD 500 Million Green Bond, public equity of USD 135 Million through a US IPO, follow on offering of another USD 185 Million and over USD 1.5 Billion of project financing.
Gupta is a Chartered Accountant with decades of experience in manufacturing, EPC contracting and Renewable Energy sectors in India and abroad. He has also worked with the Al Suwaidi Group, Samtel Colour, Fenner India, Birla Yamaha, HCL and Bharat Electronics Ltd.
“I am very happy to welcome Surendra Gupta (SK) join our leadership team and look forward to adding his guidance, skills and experience to our leadership team. He joins us at an important time when we are looking at major expansion across India in the renewable energy sector and will help steer the company for the next level of balanced, long term growth. He was instrumental in creating a major utility-focused renewable IPP which will be very complimentary for us as we create a balanced IPP”, said Pinaki Bhattacharyya, Co-Founder, MD & CEO.