Sumant Sinha, Chairman and Managing Director of ReNew Power has won Entrepreneur of the Year award at ET awards 2018.
Sinha has led ReNew Power Ventures to the position of India’s largest clean energy company in a short span of time, overtaking older rivals on the way with a mix of mostly organic growth and a major acquisition in the rapidly growing but extremely competitive sector. Sinha is an alumnus of IIT-Delhi, IIM-Calcutta and Columbia University.
“We are committed to supporting the communities in which we live and work. We are at a turning point where transformational use of natural resources of energy will define our future,” said Sinha. The company raised debt and equity from global marquee investors ranging from Goldman Sachs, which acquired a substantial stake in the early days of ReNew Power to Canada Pension Plan Investment Board, that recently invested $247 million on top of its $144 million investment in January 2018. He holds a bachelor’s degree in civil engineering from the Indian Institute of Technology, Delhi, a post-graduate diploma in management from the Indian Institute of Management, Calcutta and a master’s degree in International Affairs from the Columbia University.
He is also a CFA charter holder and a member of the Institute. He worked as an investment banker in the United States and the United Kingdom at Citicorp Securities and ING Barings Services Limited, respectively, before returning to India as Senior President, Finance, of the Aditya Birla Group and subsequently as the Chief Executive Officer of Aditya Birla Retail.