Mr. S. K. Garg

Mr. S. K. Garg

Independent Director

Mr. Sudershan Kumar Garg is an independent Director on the Board of the Company and also the Chairman of Governance and Business Ethics Committee, Member of Nomination & Remuneration Committee of the Company. He holds a bachelor’s degree in Commerce from Shri Ram College of Commerce and is a Chartered Accountant by profession since 1973. He has 47 years of varied experience in the field of Oil, Power & Steel. He has worked with Indian Oil Corporation Limited for 29 years and has acquired rich experience in Finance, Marketing, Pipelines, Excise & Customs, Oil Pricing etc. He was Executive Director (Finance) in Indian Oil Corporation. He joined the Board of NHPC Limited (A Govt. of India enterprise) as Director (Finance) in 2003. In October 2005, he was appointed Chairman and Managing Director of NHPC and NHDC Limited (a subsidiary of NHPC) and served at these posts for more than five years till his superannuation in December 2010. He was also the Chairman of Loktak Downstream Hydroelectric Corporation Limited. Under his able guidance, NHPC was conferred with ‘Mini Ratna Category – I’ status by GOI. .

He was instrumental in commissioning five hydro-electric power projects in India with an aggregate installed capacity of 1,820 MW. Under his leadership, NHPC got several new hydro, thermal and wind power projects. Net profit also increased from Rs. 510 Crore in the year 2002-03 when he joined on the Board of NHPC to Rs. 2,091 Crore during the year 2009-10. As Chairman and Managing Director of NHPC he was involved in business process re-engineering and restructuring, expansion of business, IPO of shares etc. He successfully brought maiden IPO of NHPC, which was oversubscribed by 24 times, in 2009 and also introduced enterprise resource planning (ERP) in the NHPC. He was also on the Board of International Hydro Association (IHA). .

He was conferred with ‘Lifetime Achievement Award’ by the Institute of Economic Studies in 2010,‘CA Professional Manager’s Award’ in personal capacity by the Institute of Chartered Accountants of India in 2008, the ‘SRCC Alumni award’ by Shri Ram College of Commerce in 2009 and ‘CEPM – PMA Honorary Fellowship Award’ by the Centre for Excellence in Project Management (CEPM) and Project Management Associates apart from getting several other awards. .

He holds the position of senior partner in M/s Apra and Associates, Chartered Accountants Firm. In Jindal Power Limited he is Director on the Board and Chairman of Audit Committee and Corporate Social Responsibility Committee and member of Nomination & Remuneration Committee. He also holds directorship in other companies i.e Etalin Hydro Electric Power Company Limited and Kamala Hydro Electric Power Company Limited and also serve as the Chairman of Audit Committee and Nomination & Remuneration Committee of these companies. He is also a Director on the Board of Jindal Realty Limited. .