Varun Mehta Elevated as Director of Torrent Power

Varun Mehta has been appointed as Director on the Board of Torrent Power effective from August 08, 2022.
 
During his tenure with Torrent Power, he has worked across different business segments of the company – namely Renewables, Thermal Generation and Distribution.
 
He started his career in the Renewables business, where he made an important contribution in formulating the entry strategy of the Group in the area of renewable energy and setting up the initial set of renewable energy projects. Later when he moved to the Thermal Generation business, he spearheaded a strategic initiative on importing LNG directly from the international markets, making Torrent Power the first Indian power company to successfully do so. This initiative led to significant benefits for the company in terms of revenue enhancement and cost savings.
 
Prior to his elevation as Director on Board, he was working as the Executive Director at Torrent Power and heads the Distribution License (Ahmedabad, Gandhinagar, Surat, Diu, Daman, Dadra, Nagar Haveli, Dahej and Dholera), Transmission and Cables business. Under his leadership, Torrent’s distribution business has widened its lead over the competition and strengthened its position as a benchmark utility.
 
Some of his key contributions have been take-over of operations at Diu, Daman, Dadra, Nagar Haveli, Dholera and Mandal Bechraji and improving AT&C losses further. His efforts in the area of operational excellence led to Torrent Power being recognized as one of only 5 companies in the world to be simultaneously awarded the prestigious Sword of Honour and Globe of Honour from British Safety Council in 2021.
 
He has done a BSc (with honours) in Management from the University of Warwick, UK and an MBA from INSEAD, France.
 
Commenting on his elevation, Samir Mehta, Chairman of Torrent Group, said “Torrent Group Chairman, Samir Mehta stated “Torrent Group is at an exciting point in its journey, as we celebrate 50 years of incorporation. We are working on strengthening our existing position in the Pharma, Power and Gas sectors and have put in place plans to further diversify beyond these sectors. With the recent appointments of Varun as a Director of Torrent Power and Aman as a Director of Torrent Pharma, we are gearing up the Group to pursue its growth ambitions.”