GE Power India has announced a comprehensive series of senior leadership changes, including the appointment of Rahul Rojal as Chief Financial Officer (CFO) effective June 19, 2026. According to reports from Business Standard, the board approved Rojal's appointment based on recommendations from the Audit Committee and Nomination & Remuneration Committee. The company also appointed Vipul Sharma as Company Secretary and Compliance Officer with the same effective date, bringing over 15 years of experience in corporate governance and legal compliance functions. The board also approved the re-appointment of Shukla Wassan for a second term of five years from November 29, 2026, to November 28, 2031, subject to shareholder approval, and appointed Shrikar Thakur as Additional Director and Whole-time Director for a three-year term beginning July 1, 2026, subject to regulatory approvals.
The board approved the appointment of Shrikar Thakur as Additional Director and Whole-time Director for a three-year term beginning July 1, 2026, subject to regulatory approvals. As reported by Business Standard, Thakur currently serves as India New Build Leader and brings over 17 years of experience across power, infrastructure and EPC sectors, including leadership roles in India, France and the United States. Additionally, the company approved the re-appointment of independent director Shukla Wassan for a second term of five years from November 29, 2026, to November 28, 2031. The 34th Annual General Meeting of the members is scheduled to be held on August 14, 2026.
Rahul Rojal brings over 16 years of experience as a seasoned finance leader and Chartered Accountant, with extensive expertise in financial reporting, statutory controllership, audit, listed entity governance, and strategic finance leadership. According to the company announcement, Rojal currently serves as Senior Financial Reporting Manager and Chief Risk Officer at GE Power India Limited, where he works closely with the CFO, Board Committees, investors, auditors, and senior leadership in a publicly listed environment. His expertise includes financial reporting under Ind AS, SEBI regulations and disclosures, investor relations, enterprise risk management, strategic transactions, and board-level governance. Rojal's appointment from DCM Shriram conglomerate suggests GE Power India is prioritizing disciplined capital allocation and operational efficiency, particularly crucial for managing the company's transition from low-margin EPC contracts to high-margin service and environmental solution contracts.
GE Power India secured a major contract worth ₹243.46 crore from NTPC in June 2024 for the supply of FGD components, marking a significant milestone in the company's strategic pivot toward environmental compliance solutions. In May 2024, the company reported narrowing of losses in Q4 results with revenue standing at ₹456.22 crore, signaling an operational recovery. The company reported consolidated profit after tax of ₹113.21 crore in Q4 FY26, representing a 31.07% decline from ₹164.24 crore in Q4 FY25 but showing 56.54% growth from ₹72.32 crore in Q3 FY26. Revenue from operations increased 18.78% year-on-year to ₹316.40 crore in Q4 FY26 compared to ₹266.38 crore in the corresponding quarter last year, though it declined 17.95% sequentially from ₹385.62 crore in Q3 FY26.
Vipul Sharma brings over 15 years of experience as a seasoned corporate governance and compliance professional, with extensive expertise in secretarial, legal and regulatory functions across listed companies, NBFCs and banking institutions. As reported by GE Power India Limited, Sharma is an Associate Member of The Institute of Company Secretaries of India and has consistently contributed towards strengthening governance standards, enhancing compliance frameworks and supporting effective implementation of strategic corporate initiatives. Prior to joining GE Power India Limited, Sharma was associated with Aye Finance Limited as Chief Compliance Officer, Company Secretary & Compliance Officer, where he played a key leadership role in successfully driving the Aye IPO process. He possesses extensive expertise in corporate governance, SEBI and RBI regulations, Board and Committee management, fundraising transactions, listed debt compliances and shareholder matters, having worked with reputed organizations including AU Small Finance Bank Limited, Satin Creditcare Network Limited, Hero Future Energies Group, Jubilant Life Sciences Limited and Jaypee Group.
