Azure Power has announced the appointment of Rajat Gupta as its Chief Financial Officer (CFO), effective August 2025. With this strategic appointment, Azure Power aims to further strengthen its financial strategy, capital allocation, and governance as it continues to scale its clean energy portfolio and expand its footprint in India’s fast-growing renewable energy sector.
Rajat brings with him over two decades of leadership experience in the power and renewable energy space, having held senior finance roles at Essar Power Limited, Avaada Group, Sprng Energy, Ostro Energy, Avantha Power & Infrastructure Limited (APIL), and UNITECH Energy Group. Across these organizations, he has played a critical role in strategic financial planning, capital allocation, and business transformation, consistently driving operational excellence and long-term value creation.
In his new role at Azure Power, Rajat will leverage his extensive experience in the power and renewable energy sector to strengthen financial strategies and support the company’s mission of advancing clean energy solutions. His appointment comes at a time when Azure Power is accelerating its efforts to develop large-scale solar and hybrid projects, making robust financial stewardship more critical than ever.
Rajat is widely recognized for his ability to align financial goals with corporate strategy, optimize funding structures, and manage large-scale investments to enable sustainable growth. His expertise in capital markets and project financing will be key in supporting Azure Power’s ambitious expansion pipeline and strengthening its position as a leading player in India’s clean energy transition.
With this appointment, Azure Power reaffirms its commitment to strong financial governance, strategic capital deployment, and long-term stakeholder value creation. Rajat’s leadership is expected to play a pivotal role in enabling the company to meet its growth objectives while continuing to deliver on its mission of driving India’s shift to reliable, affordable, and sustainable renewable energy.
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