Kalpa Power Appoints Pankaj Aggarwal as CFO

Pune-based firm Kalpa Power Pvt. Ltd., an Indian energy management company, has appointed Pankaj Aggarwal as its Chief Financial Officer (CFO), strengthening its leadership as the company targets 5 GW of renewable energy installations by 2030.

As per the firm's statement, a seasoned finance professional with over 23 years of experience, Aggarwal will oversee Finance, Compliance, and Corporate Strategy, supporting Kalpa Power’s next phase of institutional and international growth.

The appointment comes at a pivotal moment as Kalpa Power accelerates capital deployment, strengthens governance frameworks, and expands its renewable energy footprint. Aggarwal’s expertise is expected to play a key role in optimising capital allocation, enhancing financial discipline, and enabling scalable growth aligned with the company’s long-term vision.

Before joining Kalpa Power, Aggarwal served as Senior Vice President – Finance at Kalpataru Projects International Limited, where he was instrumental in strengthening financial governance and supporting large-scale expansion. He also spent 15 years at STL (Sterlite Technologies) across leadership roles in the power and telecom verticals, including CFO – Global Services, managing multi-region operations across India and the UK. He began his career at Atul Ltd, building a strong foundation in financial discipline and compliance.

Commenting on the appointment, Rounak Muthiyan, Founder and Director, Kalpa Power, said, "As Kalpa Power transitions from a high-growth company to a major energy institution, Pankaj’s deep expertise in global financial operations and governance will be invaluable. His appointment aligns perfectly with our ambitious growth plans for 2030.”

Pankaj Aggarwal, CFO, Kalpa Power, said, "The Indian energy sector is at a defining inflection point, and Kalpa Power’s ‘Make It Happen’ mindset truly stands out. I look forward to building a resilient financial roadmap that supports our 2030 goals and creates long-term value for all stakeholders.”

As per the firm's statement, Aggarwal is a Chartered Accountant (ACA) and Company Secretary (CS), bringing a rare blend of financial strategy and regulatory expertise to Kalpa Power’s leadership team.