Sharika Enterprises Welcomes Former NTPC and PFC Experts as Independent Directors

Sharika Enterprises, a distinguished force in the power sector, has enriched its board by appointing industry luminaries: Ms. Saroj Chelluri from NTPC Ltd and Mr. Subir Mulchandani from Power Finance Corporation Ltd (PFC) as Additional Directors (Independent Directors). This strategic move, approved by the Board of Directors, is set to elevate leadership and governance within Sharika Enterprises significantly.

Ms. Saroj Chelluri, with a wealth of experience from NTPC Ltd, brings expertise in project engineering, management, and implementing cutting-edge technologies. Her active involvement in energy transition initiatives like Green Hydrogen and Carbon Capture showcases a commitment to sustainable industry solutions. Sharika Enterprises stands to benefit from her strategic insights as it continues to innovate in the power sector.

Mr. Subir Mulchandani, boasting 36 years in finance and the power sector, joins with a notable tenure as Executive Director at PFC. His expertise in financial strategies and shaping policies for State Power Utilities’ appraisal will enrich Sharika Enterprises’ decision-making processes.

In tandem with these appointments, Sharika Enterprises announces a dedicated focus on power distribution automation. Plans include establishing a cutting-edge center of excellence in Bengaluru aimed at training industry professionals in the latest technologies. This underscores their commitment to advancing the power sector in India.

Renowned for its comprehensive solutions, Sharika Enterprises now offers highly skilled services such as extra high voltage cable laying, jointing, and online maintenance of power field devices. These services cater to India’s evolving power sector demands.

Mr. Rajinder Kaul, Chairman & Managing Director, shares insights into the company’s evolution, highlighting their journey from a consultancy for foreign principals to pivotal partnerships with esteemed foreign companies such as LS Cable from S. Korea and Elettromeccanica from Italy. This journey reflects their commitment to bridging technological gaps in India’s power landscape.

Mr. Kaul, known as the “Cable Man,” facilitated opportunities for Korean companies in India’s power sector, leading to Sharika Enterprises’ establishment.

Engaged in upcoming projects, Mr. Kaul spearheads initiatives like the 132/33kV Gas Insulated Substation (GIS) turnkey project from J&K Power Transportation Limited in Srinagar. This project aims to bolster critical infrastructure and attract investors.

Mr. Kaul highlights their commitment to digital solutions, focusing on distribution automation, solar initiatives, and closely monitoring energy generation. Sharika Enterprises strategically aligns with the Government of India’s Revamped Distribution Sector Scheme (RDSS) to enhance the power sector.

The company’s unwavering pursuit of excellence positions it as an attractive prospect for the public and potential investors.