Shri Sipan Kumar Garg(Chairman)
Shri Sipan Kumar Garg assumed the charge of Chairman, TUSCO Limited, w.e.f. 25.11.2025, upon assumption of Additional charge of the Chairman and Managing Director of THDC India Limited.
He was appointed as Director (Finance) of THDC India Limited with effect from August 17, 2024, and was subsequently designated as the Chief Financial Officer of THDCIL with effect from 27.09.2024. Further Shri Garg also holds the additional charge of Director (Finance) of SJVN Limited w.e.f. 1st September, 2025. A distinguished finance professional, Shri Garg holds a Bachelor of Commerce (Hons) and is a member of the Institute of Chartered Accountants of India (CA), the Institute of Cost Accountants of India (CMA), and the Institute of Company Secretaries of India (CS). Additionally, he has done LL.B. and was a rank holder in the Company Secretary examination.
He has 24 years of extensive experience in Finance, Accounts, Taxation, and Commercial aspects within the power sector. His prior experience includes serving as the Chief Financial Officer (CFO) at Aravali Power Company Private Limited and Patratu Vidyut Utpadan Nigam Limited, both Group Companies of NTPC Limited. He has also contributed to NTPC Limited in various capacities, including strategic roles in the Corporate Accounts Group and the Koldam Hydro Power Project.
During his tenure at NTPC, Shri Garg ascended the professional ladder through his strong sense of responsibility, ethics, and unwavering dedication to the Company. Recognized as an outstanding finance professional, he excelled in every role he undertook at NTPC. Under his leadership in Finance, Aravali Power Company Private Limited received its highest credit ratings and realized significant savings of interest on long-term loans. He has also been an active member of several committees of the Institute of Chartered Accountants of India, including the ‘Committee on Public Finance and Government Accounting,’ the ‘Accounting Standards Study Group,’ and the ‘Members in Industry Group (PSU).’
Shri Neeraj Verma(Nominee Director – THDCIL)
Shri Neeraj Verma has been appointed as Nominee Director of THDC India Limited on the Board of TUSCO Limited w.e.f. 24.12.2025. Shri Verma is presently working as Executive Director (I/c), NCR Office. He is presently responsible with the development of PSPs and RE Projects in various states across India and heading Corporate Contracts & Procurement, Business Development, Coordination of all 03 JVs of THDCIL i.e. TUSCO, TREDCO Rajasthan Limited & THDCIL UJVNL Energy Company Limited and O&M of all RE Projects of THDCIL. He is 1989 Engineering Graduate in Electronics & Communication and Project Management PG Certificate Course from IIM, Indore. He joined THDCIL in Feb 1990 as ET. He has rich experience of more than 35 years from Design to Execution in the field of Large Hydro Projects including 1000 MW Tehri Pumped Storage Plant & RE Projects. In addition, he has actively contributed for framing of various National Energy Policies by serving on expert committees under Ministry of Power and CEA.
Shri Ajay Kumar Garg(Nominee Director – THDCIL)
Shri Ajay Kumar Garg has been appointed as Nominee Director of THDC India Limited on the Board of TUSCO Limited w.e.f. 24.12.2025. Shri Garg is currently holding the post of Chief General Manager at THDC India Ltd.Shri Garg is Associate member of the Institute of Cost Accountant of India and also hold a Bachelor of Law (LL.B) degree from HNB Garhwal University. He has over 33 years of experience in the field of financial management, Resource Mobilization, Audit, Contract Management and strategic financial decision-making in the power sector. Prior to his current assignment, he has also worked as head of Finance of Vishnugad Pipalkoti HE Project and Tehri HEP & PSP of THDC India Ltd.
Shri Inderjeet Singh(Nominee Director- UPNEDA)
Shri Inderjit Singh, is an IAS officer of the 2016 batch, hails from Doaba, Punjab, and holds an M.Sc. in Physics. He began his government service in April 2017 with foundational training at the Lal Bahadur Shastri National Academy of Administration (LBSNAA), Mussoorie.
Over the years, he has served in various key administrative roles, including Assistant Magistrate in Bijnor, Joint Magistrate in Etawah, Chief Development Officer in Gorakhpur, and Municipal Commissioner of Lucknow. As of April 2025, Shri Singh holds the position of Special Secretary in the Energy Department, Government of Uttar Pradesh.
In addition, he serves as the Director of UPNEDA and the Managing Director of UP Renewable and EV Infrastructure Ltd. In his capacity as Director (UPNEDA), he is appointed as the Nominee Director (UPNEDA) on the Board of TUSCO Limited on 24.04.2025