Chairman's Desk

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).