Sanjeev Aggarwal

Sanjeev Aggarwal
Born 1970 (age 47–48)
Residence Gurgaon, India
Alma mater IIM Ahmedabad
Occupation Chairman & CEO of Amplus Solar

Sanjeev Aggarwal (b. 1970[1]) is an Indian businessman. He is the founder of energy company Amplus Energy Solutions for which he serves as CEO. He is the receiver of the Federation of Indian Chambers of Commerce and Industry young leaders award of 2013.

Personal life and education

Aggarwal is trained as a mechanical engineer. He holds a Postgraduate Diploma in Management (PGDM, equivalent to MBA) from Indian Institute of Management, Ahmedabad.[2]

Aggarwal resides in Gurgaon, India, where Amplus Energy Solutions is headquartered.[3]

Career

Prior to starting Amplus Energy, Aggarwal was Managing Director of AES India the Indian subsidiary of the US fortune 200 company AES Corporation.[4] At AES, Aggarwal was involved as Managing Director in the development of AES's bulk capacity greenfield project, a 1200 MW electricity plant with a combined captive coalmine in Chhattisgarh.[2] After Aggarwal's departure from AES in March 2010, he tried multiple businesses which were not viable, they included bidding for hydrocarbon blocks in India's New Exploration Licensing Policy.[1] Aggarwal started Amplus Energy Solutions in 2010, got the first solar rooftop contract in 2013 and raised ₹2 crore (equivalent to ₹2.3 crore or US$320,000 in 2017) from family and friends.[1] In 2015 he secured an investment of US$150 million (about ₹900 crore) in equity funding from I Squared Capital.[1] As of 2017, Amplus is one of the largest companies in the OPEX project development space according to Bridge To India, a consultancy and knowledge services provider specialising in renewable energy.[5]

Aggarwal writes articles on various industry blogs and newspapers such as LiveMint[6] and VCCircle's Infracircle.[7] He also serves in various industry committees as an industry expert, including on the Infrastructure Power Committee of the American Chamber of Commerce in India (AmCham India), India Electricity 2009 Advisory Council, and the Federation of Indian Chambers of Commerce and Industry Power Committee.[2]

Awards and recognition

Aggarwal received the Federation of Indian Chambers of Commerce and Industry (FICCI) young leaders award in 2013[8] and was featured in Finance-Monthly global CEO awards in 2016.[8] In 2017 he was listed in Solar Quarter magazine's 100 most powerful leaders in the Solar Industry.[9]

References

  1. 1 2 3 4 Aggarwal, Mayank; Bhaskar, Utpal (28 April 2017). "Amplus Energy: cutting out the middleman". Live Mint. Retrieved 16 December 2017.
  2. 1 2 3 "Sanjeev Aggarwal: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Bloomberg L.P. Retrieved 16 December 2017.
  3. ↑ Dutta, Sanjay (10 May 2017). "India solar tariff drops below cost of coal-fired power - Times of India". The Times of India. Retrieved 26 January 2018.
  4. ↑ Yee, Amy (14 December 2007). "AES plans $2.8bn India power plants". Financial Times. Retrieved 26 January 2018.
  5. ↑ "Bridge to India cuts rooftop solar forecast to 10.8 GW by 2021". The Economic Times. 4 December 2017. Retrieved 26 January 2018.
  6. ↑ Aggarwal, Sanjeev (12 August 2012). "Decontrol the power sector". Livemint. Retrieved 26 January 2018.
  7. ↑ "Sanjeev Aggarwal's articles on Infracircle". Infracircle. Retrieved 26 January 2018.
  8. 1 2 "Finance Monthly global CEO awards 2016" (PDF). Finance Monthly. p. 94.
  9. ↑ "SolarQuarter Power100 Map". SolarQuarter.
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