Zuari Industries Appoints Deepak Amitabh As Independent Director

The Board of Directors of Zuari Industries Limited has approved the appointment of Deepak Amitabh, former CMD of Power Trading Corporation (PTC) of India Ltd., as an Additional Director in the category of Independent Director with effect from December 11, 2024, for five years. Subject to the approval of the shareholders of the company.

Deepak Amitabh, aged around 64, belongs to the 1984 batch of the Indian Revenue Service and has four decades of experience. He played an instrumental role in setting up the Indian Power Market & also India’s First Electricity Exchange. He served as CMD of Power Trading Corporation (PTC) of India Ltd. He was also the Chairman of PTC India Financial Services (PFS), an infra NBFC, and PTC Energy Ltd. (PEL), a renewable energy generation company. He also served on the Boards of India Energy Exchange (IEX) & Teesta Urja Ltd. (TUL) as a nominee director of PTC. He had also served as Jt./Addl. Commissioner of Income Tax and Financial Advisor in the Ministry of Defense. He is also a member of SAGE (South Asia Group on Energy), promoted by RIS, a think tank of the Ministry of External Affairs. Currently, he is working as a Non-Executive Independent Director with the Tourism Finance Corporation of India Ltd. and Aeries Financial Technologies Pvt. Ltd. He is also acting as an advisor in business development at Adani Group.