PROFESSIONAL BACKGROUND LEADING UP TO AND INCLUDING YOUR CURRENT ROLE?
I joined the Indian Energy Exchange in January 2014 as the Managing Director and CEO and served in the
role until July 2019 and thereafter, as Non-Executive Chairman up to February 19, 2021. Have been
Chairman and Managing Director since February 2021. Prior to IEX, I was the Director –
Marketing and Operations at PTC India Limited. Prior to PTC, I was associated with NTPC Limited for 29
years, leaving as an Executive Director of the Company. I hold a bachelor’s degree in Electrical
Engineering from NIT Rourkela and a Master’s degree in Business Administration from the Faculty of
Management Studies, New Delhi. Have over 40 years of rich professional experience in different areas of power sector. Over these years, have been actively involved in various reform initiatives of Govt.of India and development of power market in the country.Over the years at IEX, the Company has successfully established as an
institution. Has enlarged its portfolio of offerings, and undertaken several digital transformation on initiatives, leading to significant growth of business as well as the first diversification
and commencement of its subsidiary the Indian Gas Exchange (IGX). As we evolve further and continue to do our bit, I look forward to each day with passion, and enthusiasm working with great vigor in a collaborative mode
towards shaping India’s energy future leveraging energy markets, innovation, and technology.
WHAT HAVE BEEN SOME OF THE
SIGNIFICANT HIGHLIGHTS OF INDIA
ENERGY EXCHANGE LTD (IEX)
HISTORY?
Over the years, IEX has been leading transformation on of the Indian power sector working as India’s premier energy marketplace, facilitating a shift from long-term contracts to a dynamic market based
contracting which is competitive, flexible, transparent, risk-free, reliable, and secure. IEX is facilitating stakeholders to meet their power demand and supply in the most efficient manner. We have pioneered several market
segments and products that have been introduced over the last 14 years. The Exchange started with the Day Ahead Market in 2008 and subsequently added the Term Ahead Market, Certificates trading in Renewable and Energy Saving,and recently in 2020 started the Real Time Market and the Green Markets – both day-ahead, and
term ahead contracts are now available for trading in the renewable energy. As a part of cross-border electricity trading initiative, Nepal and Bhutan commenced buying and selling in the Exchange’s Day-ahead market in
2021 and Bangladesh is also expected to commence soon. We are thus now providing a diversified spectrum of market segments to facilitate the dynamically evolving requirements of our market
participants. Additionally, our subsidiary IGX has been working ceaselessly in the gas sector with an
objective to develop India’s gas markets, exactly what IEX has contributed towards shaping the power market since its inception in the year 2008.
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