Financial wizard

Sushil Bhagat appointed as CFO, Azure Power
Azure Power has recently appointed Sushil Bhagat, former CFO, Hindustan Power Projects (HPPL), as the new Chief Financial Officer of Azure Power.

With over 30 years of experience in corporate and investment banking, Bhagat, on his transition to HPPL, worked extensively on fund raising and inorganic growth opportunities. As a previous investment banker, he raised over $12 billion of funds and led complex advisory and M&A assignments across all infrastructure sectors.

Subsequently, he headed finance, commercial and strategy functions at Coastal Projects and helped the company achieve an enterprise value of over $4 billion in six years. Bhagat also supervised 1,200 MW of thermal and over 400 MW of solar power assets at HPPL. He has also served in various corporate leadership roles at Coastal Projects, Wachovia, Axis Bank and State Bank Group.

S.K Gupta, former CFO of Azure Power has been appointed Executive Vice President - O&M and will head the O&M business unit to manage the company's fast-growing fleet of assets.