CG Power Names New Sourcing Chief, Jani to Focus on ESG & i2v

CG Power and Industrial Solutions Ltd. has announced key leadership changes, appointing Shirish Shah as Vice President of Strategic Sourcing and having Deven Jani focus solely as Vice President - i2v & ESG Head. The changes are effective April 14, 2026.

Leadership Appointments and Role Shifts

CG Power and Industrial Solutions Limited has updated its senior leadership structure, effective April 14, 2026.

Deven Jani, who previously managed strategic sourcing alongside i2v and ESG initiatives, will now dedicate his full efforts as Vice President - i2v & ESG Head. He will move from the company's Senior Management Personnel list in this newly focused capacity.

Shirish Shah has been appointed as the new Vice President - Strategic Sourcing and joins the senior management team.

Strategic Focus on Key Areas

These appointments highlight CG Power's strategic focus on both its core procurement operations and its future-oriented sustainability and innovation agendas. Establishing dedicated leadership roles aims to strengthen critical areas essential for the company's future expansion and operational performance.

Company Turnaround Context

CG Power, now part of the Murugappa Group following its 2020 acquisition, is progressing through a significant turnaround. This follows governance and financial issues reported in 2019, which led to SEBI investigations and a leadership overhaul. The company has since concentrated on rebuilding trust, improving its financial standing, and expanding its business lines, including ventures into semiconductors. Emphasizing ESG and 'Innovate to Value' (i2v) initiatives is now a central part of its strategy, signaling a commitment to sustainable and forward-thinking operations.

Impact of Changes

• Dedicated ESG/i2v Leadership: Jani's full-time role in i2v and ESG signals a deeper commitment to these strategic priorities.
• Enhanced Sourcing Oversight: Shah's appointment provides focused leadership for the critical Strategic Sourcing function.
• Optimized Leadership: The realignment better utilizes leadership capacity by matching individuals to strategic priorities.
• Clearer Accountabilities: Executive roles now have more defined mandates, improving accountability.

Potential Risks

• Integration of New Roles: Ensuring smooth operational transitions and continued effectiveness in both strategic sourcing and ESG/i2v.
• Talent Retention: Maintaining experienced personnel across key leadership positions during strategic shifts.
• Ongoing Governance Vigilance: Continued focus on strong governance practices, especially given past irregularities.

Industry Landscape

CG Power operates alongside major industrial players such as Siemens India, ABB India, and Schneider Electric India. These competitors are also heavily invested in industrial automation, power solutions, and digital transformation. While direct comparisons of specific management roles are challenging, the industry trend clearly points to the importance of strategic leadership in sustainability (ESG) and operational efficiency (strategic sourcing) for maintaining competitiveness.

Reporting Update

No specific financial metrics were included in this company filing update.

Next Steps for Investors

Investors will likely track the execution of i2v and ESG goals under Jani's dedicated leadership. They will also monitor the impact of Shah's role on strategic sourcing efficiency and cost optimization. Further leadership announcements and the overall integration of these changes into CG Power's broader strategic objectives will be key areas to watch.