Bajaj Electricals Limited announced the appointment of Saurabh Kumar as Additional Independent Director on the company’s Board, with effect from March 20, 2024.
According to the company’s exchange filing, “The Board of Directors of the Company, at its meeting held today, i.e., on 20 March 2024 (“Meeting”), based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of the Company’s shareholders, has unanimously approved the appointment of Mr. Saurabh Kumar (DIN 06576793) as an Additional Independent Director of the Company for a period of five (5) years, effective from 20 March 2024 to 19 March 2029.”
Saurabh Kumar, aged 57, is an internationally recognised professional for his expertise in energy efficiency, clean energy, and creating innovative business models for large-scale, multinational organisations.
He graduated in Electrical Engineering from the Indian Institute of Technology (IIT) Kanpur and holds a Master’s in Public Policy from the National Graduate Institute of Policy Studies in Tokyo, Japan.
Kumar’s notable career includes his pivotal role in the setting up of Energy Efficiency Services Limited (EESL), the world’s largest Energy Service Company, renowned for its pioneering sustainable energy business models. As Managing Director of EESL, he played a key role in increasing EESL’s revenue from $1 million to $360 million, expanding its operations globally, especially in the UK, and launching projects in several countries, including the Maldives, Malaysia, Thailand, Vietnam, and Saudi Arabia.
Currently, Kumar is the Vice President of the Global Energy Alliance for People and Planet (GEAPP), a position he’s held since November 2022. Before this, he worked as a consultant for major organisations such as the World Bank, USAID, and GIZ, and held advisory positions with the Global Carbon Council and various energy companies. His prior roles include significantly shaping EESL in his earlier role as its Executive Vice Chairperson/Managing Director. He was also associated as the Business Head for Agrovoltaics & Microgrids at Reliance Industries Limited. His international experience is bolstered by his time with the UNEP Compliance Assistance Program in Bangkok. His early career saw him making substantial contributions to the Indian government in the Ministry of Power, the Bureau of Energy Efficiency, and the Income Tax Department, demonstrating his diverse range of leadership, policy, and sector expertise.
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