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Sumant Sinha

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Sumant Sinha
Born
Delhi, India
Alma mater
OccupationChairman & CEO of ReNew Power
SpouseVaishali Sinha
ChildrenTarushree
Parent(s)Yashwant Sinha, Nilima Sinha
Websitesumantsinha.com

Sumant Sinha (born February 1965)[1] is a former Indian investment banker and a noted entrepreneur of recent times entrepreneurship in the Indian renewable energy sector. After a decade-long banking career in the U.S. and England[2], Sumant returned to India in 2002 and became the Chief Financial Officer of Aditya Birla Group[3]. Later, he went on to become the Chief Operations Officer of Suzlon Energy[4]. In 2011, he founded ReNew Power, an independent renewable power producer headquartered in Gurgaon, India. With Sumant at the position of Chairman and CEO, ReNew Power is one of the largest renewable energy producers in India today.[5][6] In a recent report, it was mentioned that his company has reached 2 gigawatt production capacity.[7] ReNew Power is reportedly the first independent power production (IPP) company in India to cross one gigawatt of renewable energy.[8]

Personal Life and Education

Sumant Sinha was born in Delhi[9]. Sumant’s mother Nilima Sinha[10] is an author of children’s books and his father Yashwant Sinha is a civil servant-turned politician and former Finance Minister[11]. Sumant’s brother Jayant Sinha is the present Minister of State for Civil Aviation[12]. He has a sister named Sharmila Kanth (née Sinha)[13]. Sumant is married to Vaishali Sinha[14] and has a daughter by name Tarushree[9]. Sumant graduated with a Bachelors in Technology from the Indian Institute of Technology, Delhi, followed by a Masters in Business Administration from Indian Institute of Management, Calcutta[15]. After two years of working, Sumant went on to take a Masters in International Finance from the Columbia University’s School of International and Public Affairs[16].

Career

After his education, Sinha became an investment banker, working in the United States and then the United Kingdom with Citibank and ING Barings.[17] In 2002, he became CFO of the Aditya Birla Group in India, a role he retained until 2007.[18][19] During that time, he founded and served as CEO of Aditya Birla Retail. In 2008, he became the COO of wind turbine manufacturer Suzlon Energy. Shortly after his departure from Suzlon in 2010, he founded investment banking and consulting firm Savant Advisors. Early the following year, he founded independent power producer ReNew Power. The private power producer, for which he serves as CEO, focuses primarily on wind power. ReNew Power became the first company in India to cross 1000 MW in wind and solar capacity[20][18][21]

References

  1. ^ "People often confuse noise with aggression: Sumant Sinha - Livemint". www.livemint.com. Retrieved 2018-03-12.
  2. ^ "Sumant Sinha, Rahul Munjal emerge as poster boys of India's renewable energy sector | Forbes India". Forbes India. Retrieved 2018-03-12.
  3. ^ "How a banker ReNewed his career". @businessline. Retrieved 2018-03-12.
  4. ^ "Ideas to Innovation series: In conversation with the EY Entrepreneur of the Year Award Winner 2017 (Part 3)". The Economic Times. 2018-03-06. Retrieved 2018-03-12.
  5. ^ Tyagi, Chhavi (2017-09-04). "Powering on: Goldman Sachs-backed ReNew Power Ventures is India's largest clean energy company". The Economic Times. Retrieved 2018-03-12.
  6. ^ "ReNew Power Ventures: Impressing investors with outstanding performance | Forbes India". Forbes India. Retrieved 2018-03-12.
  7. ^ "Why Sumant Sinha is betting on the wind". Rediff. Retrieved 2018-03-12.
  8. ^ "ReNew Power becomes first IPP to cross 1GW of renewable capacity | Forbes India". Forbes India. Retrieved 2018-03-12.
  9. ^ a b "rediff.com: Meet Sinha Jr: Managing finance runs in the blood". www.rediff.com. Retrieved 2018-03-12.
  10. ^ "Nilima Sinha – Publishing Next". www.publishingnext.in. Retrieved 2018-03-12.
  11. ^ "Yashwant Sinha: A brief profile". https://www.hindustantimes.com/. 2004-06-22. Retrieved 2018-03-12. {{cite news}}: External link in |work= (help)
  12. ^ "As many as 92 new flight routes in North-east under Udaan-2 scheme, says Jayant Sinha". The Indian Express. 2017-11-21. Retrieved 2018-03-12.
  13. ^ "The Telegraph - Calcutta (Kolkata) | Jharkhand | Family power for Yashwant". www.telegraphindia.com. Retrieved 2018-03-12.
  14. ^ Kalesh, Baiju (2014-04-05). "Vaishali Nigam Sinha's journey from i-Banking to iCharity". The Economic Times. Retrieved 2018-03-12.
  15. ^ "Sumant Sinha starts own firm | Latest News & Updates at Daily News & Analysis". dna. 2011-04-21. Retrieved 2018-03-12.
  16. ^ "Sumant Sinha: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2018-03-12.
  17. ^ Ramakrishnan, N. (14 October 2012). "How a banker ReNewed his career". The Hindu BusinessLine. Retrieved 1 September 2014.
  18. ^ a b Seetharaman, E. (21 April 2011). "Sumant Sinha starts own firm". dna. Retrieved 1 September 2014.
  19. ^ Mishra, Ashish K. (5 September 2013). "Renew Power: Tapping into India's Wind Energy Potential". Forbes India. Retrieved 1 September 2014.
  20. ^ "ReNew Power hits 1000 MW milestone". Thehindu.com. The Hindu. Retrieved 28 April 2016.
  21. ^ "Board of Directors". Official site. ReNew Power. Retrieved 1 September 2014.
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