IREDA , a key player in India's renewable energy sector, has significantly strengthened its leadership team with the appointment of seven new senior management personnel. The decision, approved by IREDA's Board of Directors on August 7, marks a strategic move to enhance the company's expertise across various critical domains.

Key Appointments

The new appointments include:

1. Shailendra Kumar Malviya - General Manager (Projects)
2. Koushi Goswami - General Manager (Projects)
3. Rajeev Kumar - Additional General Manager (Projects)
4. Kuber Malhotra - Chief Technology Officer and General Manager (Information Technology)
5. Bhagirath Siyag
6. Rahul Kamal
7. Sujith V Surendran

Diverse Expertise

These new senior management personnel bring a wealth of experience to IREDA:

• Shailendra Kumar Malviya holds a degree in Electrical Engineering and an MBA, with over 20 years of experience, including stints at NHPC Limited and NTPC Limited.
• Koushi Goswami brings more than 22 years of experience, with a background in Electronics and Telecom and an MBA. He previously worked with Power Grid Corporation of India Limited.
• Rajeev Kumar has over 23 years of experience and holds a degree in Mechanical Engineering.
• Kuber Malhotra, the new Chief Technology Officer, has more than 20 years of experience in the IT sector. He holds a B.E. in Computer Science and an MBA, with prior experience at Central Warehousing Corporation, IRCON International Limited, and Solar Energy Corporation of India.

Strategic Timing

The appointments come at a crucial time for IREDA, as the renewable energy sector in India continues to grow rapidly. The diverse backgrounds of the new appointees, ranging from project management to information technology, suggest a comprehensive approach to strengthening the company's capabilities across various sectors.

Effective Dates

Most of the appointments are effective from August 7, with some personnel having joined the company in early August. Kuber Malhotra, for instance, assumed his role as Chief Technology Officer on August 1.

Compliance and Transparency

In line with regulatory requirements, IREDA has duly informed the stock exchanges about these appointments, adhering to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move underscores the company's commitment to transparency and corporate governance.

The strategic expansion of IREDA's senior management team is expected to drive innovation, enhance operational efficiency, and support the company's growth in the dynamic renewable energy sector. As India continues to push for greater adoption of clean energy, IREDA's strengthened leadership is poised to play a crucial role in facilitating and financing renewable energy projects across the country.

Indian Renewable Energy Development Agency Limited (IREDA), a Navratna CPSE under the Ministry of New and Renewable Energy, has announced impressive financial results for the fiscal year 2025, showcasing strong growth across key metrics.

Financial Highlights

• Total income surged to ₹6,755.00 crores, marking a significant 36% increase from ₹4,965.00 crores in FY24.
• Net profit after tax rose to ₹1,699.00 crores, up 36% from ₹1,252.00 crores in the previous year.
• Interest income grew to ₹6,575.00 crores from ₹4,822.00 crores, reflecting a 36% year-on-year growth.
• Loan assets expanded to ₹75,320.00 crores from ₹58,775.00 crores, indicating a 28% increase.

Key Performance Indicators

• Earnings per share improved to ₹6.32 from ₹5.16 in FY24.
• The company maintained a strong capital adequacy ratio (CRAR) of 17.77%.
• Total debt stood at ₹64,740.00 crores with a debt-equity ratio of 6.31.

Operational Achievements

IREDA demonstrated robust financial management and growth strategies:

• Successfully raised ₹4,307.00 crores through non-convertible securities in the fourth quarter.
• Expanded its loan portfolio, supporting the growth of renewable energy projects across India.

Financial Stability

The company's financial position remains solid:

• Net worth increased to ₹10,266.00 crores from ₹8,559.00 crores in the previous year.
• Maintained a healthy balance sheet with total assets reaching ₹79,734.00 crores.

Management Commentary

Pradip Kumar Das, Chairman & Managing Director of IREDA, stated, "Our FY25 results reflect IREDA's commitment to driving renewable energy growth in India. The substantial increase in revenue and profitability underscores our efficient operations and the growing demand for renewable energy financing."

Audit and Compliance

The financial results were audited by M/s Shiv & Associates, Chartered Accountants, and reviewed by the Comptroller and Auditor General of India, with no significant adverse comments reported.

IREDA's strong performance in FY25 highlights its pivotal role in India's renewable energy sector, supporting the country's transition to clean energy sources while delivering robust financial results.