Adani Energy Solutions appoints Ashok Jagetiya as new CFO
Adani Energy Solutions Ltd has appointed Mr. Ashok Jagetiya as its Chief Financial Officer and Key Managerial Personnel effective May 31, 2026. He succeeds Mr. Kunjal Mehta, who resigned from the position effective the close of business hours on May 30, 2026, due to personal reasons. The appointment follows recommendations from the Nomination and Remuneration Committee and the Audit Committee.
*this image is generated using AI for illustrative purposes only.
Adani Energy Solutions Ltd has appointed Mr. Ashok Jagetiya as its Chief Financial Officer and Key Managerial Personnel effective May 31, 2026. The company noted the resignation of Mr. Kunjal Mehta from the same position, effective the close of business hours on May 30, 2026, due to personal reasons. The leadership change was approved by the Board of Directors based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee.
Mr. Ashok Jagetiya is a Chartered Accountant with 30 years of experience in finance and accounting disciplines. His expertise spans financial management and strategy, capital allocation, treasury operations, merger & acquisition, governance, statutory compliance, and risk management across sectors such as FMCG, Energy, Family Office, and Natural Resources.
The incoming CFO has been associated with the Adani Group since 2000, holding senior leadership positions across multiple group businesses. These include AWL Agri Business Limited (formerly Adani Wilmar Limited), Adani Advisory LLP, Adani Green Energy Limited, and the Natural Resource business. He spent over eight years in Singapore working on the group's international green energy and natural resource businesses, gaining experience in trade finance, cross-border operations, and strategic business management.
Prior to this appointment, Mr. Jagetiya served as the Chief Financial Officer of Adani Green Energy Limited and Adani Global Pte Limited in Singapore. He is also part of the Adani Leadership Acceleration Program. The Board meeting to finalize these changes commenced at 12.20 p.m. and concluded at 01.25 p.m. on May 30, 2026.
The following table details the changes in the company's Key Managerial Personnel authorized to determine materiality and make disclosures to stock exchanges:
| Name of KMP | Designation | Updated Contact Details |
|---|---|---|
| Mr. Anil Sardana | Managing Director | aesl.secretarial@adani.com 079 – 25555 366 |
| Mr. Kandarp Patel | Whole-time Director & CEO | |
| Mr. Ashok Jagetiya | Chief Financial Officer | |
| Mr. Jaladhi Shukla | Company Secretary & Compliance Officer |
Historical Stock Returns for Adani Energy Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.11% | +9.40% | +5.52% | +50.47% | +69.87% | +1.55% |
How will Mr. Jagetiya's extensive experience in cross-border trade finance influence Adani Energy Solutions' international expansion strategy?
What strategic shifts in capital allocation can investors expect under the new CFO given his background in M&A and treasury operations?
Will the leadership change result in any revisions to the company’s financial guidance or risk management frameworks for the upcoming fiscal year?
20
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
