Key Management Personnel

Anil Sardana is the Managing Director (MD) & CEO of Adani Transmission Limited since May 2018. Anil has more than 39 years of experience in the infrastructure space, particularly in the Energy and Telecom sector and has led complex transitions, developments & operations as well as Engineering, Procurement and Construction assignments. Prior to joining Adani group, Anil was leading Tata Power as CEO & Managing Director. 

 

He was also Managing Director in Tata Teleservices and led the transition of Tata Teleservices Limited (TTSL) through launch of famous Tata DOCOMO and Tata Photon brands. These brands achieved stupendous success. He also launched several innovative schemes including Pay per-use & per-second billing at TTSL.

 

Prior to telecom stint, he was Executive Director on the Board of Tata Power. He was also the founding CEO & Managing Director of Tata Power Delhi Distribution Limited (TPDDL/NDPL) having taken over in that capacity when the company was set up in 2002. Anil is credited with having spearheaded the dramatic turnaround of Tata Power Delhi Distribution which achieved remarkable reduction in Aggregate Technical and Commercials Losses during his tenure. Tata Power Delhi Distribution was also bestowed the prestigious ‘Silver National Award for Meritorious Performance’ for two consecutive years 2004-2005 and 2005-2006 in Power Distribution by the Prime Minister. Anil spearheaded two major M&A’s namely with NTT DOCOMO of Japan and a reverse equity swap & merger to create most valuable Infrastructure company VIOM with the highest tenancy in the industry. 

 

He had also worked at NTPC (14 years) and BSES (7 years) prior to joining Tata Power. He held the Chairman’s position at CII National Committee on Power from 2012 onwards till April 2018. Anil holds a degree of Bachelors in Engineering from Delhi College of Engineering. He also holds a Post-Graduate degree in Cost Accountancy (ICWAI) and a Post-Graduate Diploma in Management and has attended a Management Program at the Indian Institute of Management, Ahmedabad. He received several recognitions from Indian & International fora’s and was also conferred with “Global Alumni Excellence Award” by his alma-mater Delhi College of Engineering in 2012.

Kandarp Patel is Chief Executive Officer of Adani Electricity Mumbai Limited. Kandarp has more than two decades of multi-faceted experience in the areas of Power Trading, Fuel Management, Legal and Regulatory and Commercial aspects of the Power Business.

 

He started his career with Gujarat Electricity Board (GEB) as Controller of Accounts. Subsequently, his role enlarged to manage commercial aspects of GEB. Over time, he developed a legal acumen in regulatory bylaws, which helped him in resolving complex issues and disputes during his tenure at GEB. He joined Adani Enterprises in 2004 and spearheaded the Power Trading business laying a strong foundation, which made Adani Enterprises a pioneer in Power Trading. From 2009 onwards, he led the Business Development for Adani Power and successfully mandated the execution of Power Purchase Agreements for about 10,000+ MW with various state utilities in India. In 2013, he led integration of acquired business from Lanco. 

 

He was awarded as “The Most Innovative Young Power Professional” by IPPAI in 2017. As an avid learner, he has attended international programs organized by The Institute for Public-Private Partnerships in Washington, DC in 2004 and by Coaltrans training at Sentosa, Singapore in 1999.He was awarded as “The Most Innovative Young Power Professional” by IPPAI in 2017. As an avid learner, he has attended international programs organized by The Institute for Public-Private Partnerships in Washington, DC in 2004 and by Coaltrans training at Sentosa, Singapore in 1999. 
 

He graduated with Bachelor’s Degree in Electrical Engineering from Birla Viswakarma Mahavidhyalaya Engineering College in 1994 and an MBA in Finance from G.H. Patel PG Institute of Business Management in 1997.

Kaushal Shah has over 26 years of experience in finance and accounts. Prior to becoming the CFO of Adani Transmission Limited (ATL), Kaushal Shah has headed Finance, Accounts & Investor Relations of various Adani group companies. He joined Adani Group as Manager- Finance & Accounts in 2004. 

 

As an established leader, Kaushal Shah has extensive and rich global experience including shareholder value creation, corporate governance, business partnering, mergers and acquisitions, treasury and funding, investor relations, cost management, financial operations, taxation, financial accounting, and reporting.  

 

Kaushal played a key role during the demerger of ATL from Adani Power Limited and subsequent listing of the company. Kaushal was also instrumental in ATL achieving the inaugural global rating of (BBB- Fitch & S&P and Baa3 Moody's). Kaushal was intimately involved in the entire exercise of rating and re design of the capital structure and the subsequent 144a issue of USD 500 million. As the Chief Financial Officer for ATL, his key priorities included supporting the company's growth, managing critical finance functions and adhering to regulatory and compliance requirements. 

 

Kaushal's major assignments in Adani Group include acquisition due diligence, greenfield bidding (funding & financial completion, Risk Management) and in addition Kaushal has been part of teams that have launched FCCB, IPP, QIP and the demerger of various Adani Entities. 

 

Kaushal holds a bachelor's in commerce from Gujrat University, India and is a Chartered Accountant and PGDISA from Institute of Chartered Accountants of India. 

Jaladhi Shukla is a Fellow Member of The Institute of Company Secretaries of India (ICSI), New Delhi, a Post Graduate in Finance (PGDBA) from Symbiosis, Pune and a Graduate in Law (LL.B.) from the Gujarat University, Ahmedabad.  


Jaladhi possess over 18 years of diversified experience in handling critical assignments both Indian and Overseas with leading corporates. He has handled number of Mergers and Amalgamations (M&A), Corporate Restructuring, New Acquisitions and Takeovers, Joint Ventures, FEMA matters, Inspections and Investigations, Due diligence and fund raising programs like IPOs, QIPs, FCCBs and debt securities. He has made significant contributions in the mega M&A deals, Business Process Transformation (BPT) and process automation initiatives of the Adani Group. He has been awarded Long Service Award in recognition of 15 years of dedicated service to Adani Group.   

 

He is a reputed faculty at conferences and seminars of CS and Post Graduate Students in Ahmedabad. He has also authored many articles on Company Law, SEBI Listing Regulations, Corporate Governance, Mergers and Acquisitions, SEBI Insider Trading Regulations, Corporate Social Responsibility (CSR) and other subjects in the monthly magazines, newsletter(s) and seminar brochures of ICSI and other reputed websites.

With a career spanning over three decades in Power Sector, Vivek Singla, is presently heading the Business Development, Regulatory & Commercial functions for Transmission & Distribution business of Adani Group and is on the board of many companies. Earlier, he has worked in various capacities in Tata Power Group, including the Chief Executive Officer of “Tata Power Jamshedpur Distribution Ltd.”, Head of the Power Management & Corporate Commercial in Tata Power Delhi Distribution Limited (TPDDL - erstwhile NDPL, a Tata Power and Delhi Government Joint Venture) and was responsible for Power Trading, Business Development, Commercial Policy formulation, Regulatory compliance and establishment of Generation Plants.

 

Prior to joining TPDDL, Vivek was Executive Director – Business Development & Commercial of Uttaranchal Jal Vidyut Nigam Limited (a State owned Generation Company) & was responsible for complete business & commercial activities including Regulatory Affairs, Development of Hydro Policy of the State, Allocation of Hydroelectric schemes to Private Developers, Joint Venture formations, IT implementation, CDM benefits, Business Plan formulation etc. 

 

Prior to that, he has worked with various organizations viz. BSES, Siemens and BHEL in various capacities. 
Vivek has a Bachelor of Engineering degree in Electronics from Delhi University and a Management degree in Finance from FMS, Delhi University.

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