Recent 4 GW Project Win Is Value Accretive
Experienced Board Backed by Long Term Marquee Shareholders
Caisse de dépôt et placement
du Québec
• Increased stake in Azure Power to c.50.9% through multiple rounds &
open market purchase
⚫ 2nd largest Canadian pension fund (Rated AAA)
• US $310 bn assets, of which over c. US$ 4.5bn invested in India
• Long term institutional investor: Investments in infrastructure globally
of c.US$ 23bn of which c.53% in Energy
IFC
International
Finance Corporation
WORLD BANK GROUP
IFC Global
Infrastructure Fund
• Made its first investment in company in 2010 and increased stake
through multiple rounds with current holding of c.24.5%
• Arm of World Bank and largest global development institution
• US$27bn+ investment since 2007 in Infra & Natural Resources
Long term institutional investor: Leading global investor in emerging
market renewable power with c.US$6.1 billion invested
Azure Power
Barney Rush
Chairman and Independent Director
■Serves on the board of ISO-New England,
the electric grid and wholesale market
operator for six U.S. states
■Served as Group CEO of Mirant Europe
and Chairman of the Supervisory Board of
Bewag serving utility in Germany
Ranjit Gupta
Chief Executive Officer and Director
■ Extensive experience in Renewable
Energy, Thermal Power and the O&G
industry
■ Co-founded and served as the Chief
Executive Officer of Ostro Energy
Sanjeev Aggarwal
Non-Executive Director
■ Co-Founder of Helion Venture Partners
and IBM Daksh Business Process
Services
■Served as a Director of ShopClues, Amba
Investment Services, Mindworks Global
Media Services, Global Talent Track and
9.9 Mediaworx
Arno Harris
Independent Director
■ Former founder and CEO of Recurrent
Energy and Prevalent Power
■Serves as a board member emeritus
and former board chair of the Solar
Energy Industry Association
Khalid Peyrye
Independent Director
■ Heads the Corporate Secretarial and
Administrative cluster of AAA Global
Services
■ Previously was a Money Laundering
and Compliance officer for a leading
financial services company
Cyril Cabanes
Non-Executive Director
■ Vice President, Head of Infrastructure
Transactions, Asia-Pacific at CDPQ
■20+ years of experience across all
facets of infrastructure transactions
including acquisitions, financing and
fundraising
Deepak Malhotra
Non Executive Director
■Director, Infrastructure, South Asia at
CDPQ
18+ years of experience in infrastructure
financing. He previously worked at
International Finance Corporation,
World Bank, at a leading credit agency
in India and in the Merchant Navy
Dr. R.P. Singh
Independent Director
Former CMD of Power Grid
Corporation
■Known for his contribution to the
power sector in generation,
transmission, policy and grid
infrastructure and recipient of
awards from World Bank, Electric
Power Research Institute, USA and
SCOPE Excellence Award.
Yung Oy Pin (Jane) Lun Leung
Independent Director
Extensive experience in accounting,
auditing, taxation, corporate secretarial and
administration in the United Kingdom &
Mauritius.
■ Previously she has worked with Ascough
Ward Chartered Accountants, Kingston
Marks Chartered Certified Accountants and
Deloitte & Touche across various sectors
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