Tata Power Appoints Tarun Bajaj as Independent Director
The Board of Directors of Tata Power Company Limited has approved the appointment of Tarun Bajaj as an Additional Non-Executive Independent Director of the company, with effect from May 8, 2024, up to May 7, 2029. Subject to the approval of the members.
Tarun Bajaj has spent 34+ years of his professional career as a civil servant in the Indian Administrative Service. Bajaj was the Revenue Secretary, Government of India, before he was superannuated in November 2022. He played a key role in the stabilisation of the Goods and Services Tax (GST). He was also responsible for upgrading technology in the administration of both direct and indirect taxes, resulting in transparency and efficiency in the workings of the two departments. As the Economic Affairs Secretary, he was responsible for various important policy matters related to the Indian economy, including fiscal policy, investments and infrastructure financing, relationships and engagement with multilateral banks and institutions, and pursuing India’s interests and priorities in the G-20 discussions. He played a key role in formulating the government’s economic response to the COVID-19 pandemic, including the rollout of various relief measures and economic stimulus packages. He has also served as the Jt. Secretary in the Department of Financial Services. In the state of Haryana, he has mostly worked in the areas of finance, taxation, industry, and infrastructure development. He has also served as the MD of a few state public sector companies, as the Director on the Central Board of the Reserve Bank of India, and on the Board of SEBI. He has served as Governor of India for the International Fund for Agriculture Development and as Alternate Governor of India for the World Bank (for the constituencies of India, Bangladesh, Bhutan, and Sri Lanka), the Asian Development Bank, the Asian Infrastructure Investment Bank, and the New Development Bank. He has earlier served on the Boards of the Small Industries Development Bank of India (SIDBI) and a few public sector banks and insurance companies. He holds a bachelor’s degree in commerce from Shri Ram College of Commerce, Delhi University; a postgraduate Diploma in Management (MBA) from the Indian Institute of Management Ahmedabad (IIMA); a postgraduate (M.Sc.) from the London School of Economics and Political Science; and a Chartered Financial Analyst (CFA) from the Institute of Chartered Financial Analysts of India, Hyderabad.
