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Pradip Kumar Das assumes charge as CMD of IREDA

Pradip Kumar Das, who was working with ITDC as Director (Finance) and Chief Finance Officer (CFO) has assumed charge as the new CMD of IREDA

New Delhi: Pradip Kumar Das has assumed charge as new Chairman & Managing Director (CMD) of Indian Renewable Energy Development Agency (IREDA) Limited, a Miniratna PSU under the Ministry of the New & Renewable Energy (MNRE) on May 6, company said in a press release on Thursday. He has been appointed to the post for a period of five years with effect from May 6, or till the date of his superannuation, or until further orders, whichever is the earlier. Prior to joining IREDA, he was serving Indian Tourism Development Corporation Limited (ITDC), a Miniratna PSU under the Tourism Ministry, as Director (Finance) and Chief Finance Officer (CFO).

PSU Watch had reported Das's recommendation for the current post by a PESB panel in August 2019. Also when he got a clearance from the Appointment Committee of the Cabinet (ACC) on May 1.

He was selected for the current post from a list of seven candidates, who were interviewed by the selection panel. Prior to his appointment, Bhanu Pratap Yadav, Joint Secretary at the Ministry of New and Renewable Energy (MNRE),  was holding the additional charge of IREDA, CMD.

Education & background

Pradip Kumar Das has a vast experience in the Finance sector. While working with REC Limited, BHEL, NPCIL, BHFV, KPL etc. in different capacities, he contributed extensively in formulation and implementation of various systems, new and innovative products, policies, business process re-engineering etc. He is a fellow member of the Institute of Cost Accountants of India and Associate Member of the Institute of Company Secretaries of India. He is also possessing a post-graduate diploma in Management from Xavier Institute of Management, Bhubaneshwar.

“IREDA is fully committed to building Energy Security in India through Renewable Sources. Being a Non- Banking Financial Company (NBFC) and enjoying a unique position in Renewable Energy Sector, IREDA has been regularly introducing new and innovative financial products.”  IREDA's CMD Pradip Kumar Das

Contribution

Under his leadership, ITDC became the only PSU under the aegis of the Ministry of Tourism trading under the trade-for-trade segment on the NSE. He was actively involved in the financial management of ITDC including optimum utilization of funds, investment decision and adherence to sound corporate governance practices with a view to improving the profitability of the organisation on a continuous basis. He was an important member of Inter-Ministerial Group of the government for disinvestment or divestment of Hotel properties of ITDC and its subsidiaries and successfully divested several properties during his tenure. 

In his first address to officials of IREDA, Pradip K Das said that “IREDA is fully committed to building energy security in India through renewable sources. Being a non- banking financial company (NBFC) and enjoying a unique position in the Renewable Energy Sector, IREDA has been regularly introducing new and innovative financial products.”  He further, stressed upon the fact that being in the service industry, the most important resource i.e. manpower of the organisation which needs to be taken care well and the objective of fulfilling the interest of various stakeholders in the Renewable Energy Sector to be on top priority.