Sumant Sinha
Born (1965-02-12) 12 February 1965
Delhi, India
Alma mater
OccupationChairman & Managing Director of ReNew Power
SpouseVaishali Sinha
ChildrenTarushi, Siddhant
Parent(s)Yashwant Sinha, Nilima Sinha
Websitesumantsinha.com

Sumant Sinha (born 12 February 1965)[1] is an Indian businessman.[2] He is the Chairman and Managing Director of ReNew Power, which was founded by him in 2011.[3] Before Founding the company in 2011, he has worked with Aditya Birla Group, Citibank & ING Barings in various capacities.[4]

Early life and education

Sumant Sinha was born in Delhi as the son of Yashwant Sinha and Nilima Sinha.[5]

He completed his schooling from St. Columba's School, Delhi in the year 1983.[1] In 1987, he graduated from Indian Institute of Technology Delhi with a bachelor's degree in technology. Later, in 1989, he earned his master's degree in business administration from Indian Institute of Management Calcutta. In 1991, after two years of working with Tata Administrative Services, Sinha obtained another master's degree in international finance from the School of International and Public Affairs, Columbia University.[6] He is also a CFA charter holder and a member of the institute.[7]

Career

Sumant Sinha started his career with a two year stint at Tata Administrative Services in 1989. After graduating from Columbia University, Sinha worked as an investment banker at Citicorp Securities and ING Barings in the United States and United Kingdom respectively.[8]

Sinha returned to India in 2002 and became the chief financial officer of India's third-largest conglomerate, the Aditya Birla Group. It was during his time as CFO that Aditya Birla Group acquired Ultratech Cement, Novelis, and Idea Cellular.[4] Sumant was also instrumental in the creation of Aditya Birla Group's retail arm, Aditya Birla Retail Limited, where he served as chief executive officer from 2007 to 2008.[6]

Later, in 2008, he joined Suzlon Energy as chief operations officer of India's then one of largest wind energy company. He worked for next 15 months in Suzlon, helping it through the 2008 financial crisis.[9]

In 2011, he founded ReNew Power, an independent renewable power producer headquartered in Gurgaon.[10]

ReNew Power

Sinha set up ReNew Power in 2011 with a plan to have at least 1000 MW of capacity by 2015.[11] In March 2014, ReNew Power won its first solar power bid, a 57.6MW project in Madhya Pradesh. Sinha led ReNew Power from front, going from zero to 5,800 MW of commissioned capacity in six years, making it one of India's largest independent renewable energy producers.[12][13] In 2017, the company had an equity valuation of US$2 billion.[14]

In 2016, Sinha established "Sumant Sinha ReNew Centre of Excellence for Energy & Environment" in IIT Delhi.[15]

Family

Sinha is married to Vaishali Nigam Sinha.[16] They have two children.

Awards and recognition

Year Award/Recognition
2015 Renewable Energy Leader of the Year 2015[17]
2017 Renewable Energy India Awards 2017 Industry Crusader Of The Year, Jury Recognition[18]
2017 "Torch Bearer Of The Year", by Solar Week Leadership Awards[19]
2017 "Champion Of Tomorrow" by CEO Awards; "Outstanding Start-up of the Year" Forbes India Leadership Award 2017[20]
2018 EY Entrepreneur of the Year 2017[21]
2018 Economic Times as Entrepreneur of the Year – for 2018[22]
2018 IIT Delhi Distinguished Alumnus Award – for 2018[23]
2019 IIM Calcutta Distinguished Alumnus Award – for 2019[24]
2021 UN Sustainable Development Goals(SDG) Pioneer[25]

References

  1. 1 2 "People often confuse noise with aggression: Sumant Sinha - Livemint". www.livemint.com. 2 June 2007. Retrieved 12 March 2018.
  2. ↑ "Sumant Sinha | Energy". energy.stanford.edu. Retrieved 17 March 2018.
  3. ↑ Mukul, Jyoti (31 October 2019). "ReNew Power becomes 11th firm globally to reach 5,000-Mw green capacity". Business Standard India. Retrieved 18 August 2020.
  4. 1 2 "Sumant Sinha starts own firm | Latest News & Updates at Daily News & Analysis". dna. 21 April 2011. Retrieved 17 March 2018.
  5. ↑ "rediff.com: Meet Sinha Jr: Managing finance runs in the blood". www.rediff.com. Retrieved 12 March 2018.
  6. 1 2 "Sumant Sinha: Executive Profile & Biography". Bloomberg. Retrieved 12 March 2018.
  7. ↑ "Sumant Sinha, chairman and managing director, ReNew Power Limited". The Economic Times. Retrieved 25 October 2018.
  8. ↑ "Sumant Sinha". The Economic Times. Retrieved 25 October 2018.
  9. ↑ "Why Sumant Sinha chose clean energy over politics". Rediff. Retrieved 17 March 2018.
  10. ↑ Malik, Aman (18 April 2014). "The business interests of Jayant Sinha". Livemint. Retrieved 17 March 2018.
  11. ↑ "ReNew Power Ventures: Impressing investors with outstanding performance | Forbes India". Forbes India. Retrieved 17 March 2018.
  12. ↑ "Post Suzlon, Sumant Sinha gets Goldman cash to reap the wind | Latest News & Updates at Daily News & Analysis". dna. 27 September 2011. Retrieved 17 March 2018.
  13. ↑ Barman, Arijit (20 December 2011). "Lunch with BS: Sumant Sinha". Business Standard India. Retrieved 17 March 2018.
  14. ↑ "ReNew Power Files For IPO, Could Raise Over $1 Billion". NDTV.com. Retrieved 24 October 2018.
  15. ↑ "ReNew Power | Indian Institute of Technology Delhi". www.iitd.ac.in. Retrieved 17 March 2018.
  16. ↑ Kalesh, Baiju (5 April 2014). "Vaishali Nigam Sinha's journey from i-Banking to iCharity". The Economic Times. Retrieved 12 March 2018.
  17. ↑ "Sumant Sinha takes charge as Chairman of the CII Northern Region | EQ Int'l Magazine". www.eqmagpro.com. Retrieved 17 March 2018.
  18. ↑ "Renewable Energy Awards 2017". www.reiaward.com. Retrieved 17 March 2018.
  19. ↑ "Sumant Sinha". Economic Times. Retrieved 25 October 2018.
  20. ↑ "FILA 2017: Glimpses from the Forbes India Leadership Awards night | Forbes India". Forbes India. Retrieved 17 March 2018.
  21. ↑ "EY announces 16 finalists for its 19th EY Entrepreneur of the Year Award Program". The Economic Times. 8 February 2018. Retrieved 17 March 2018.
  22. ↑ "ET Awards 2018 for Entrepreneur of the Year: Sumant Sinha, Chairman & MD, ReNew Power Ventures". The Economic Times. 7 September 2018. Retrieved 24 October 2018.
  23. ↑ "IIT Delhi Confers Distinguished Alumnus Award 2018 On Sumant Sinha". India Education Diary. Retrieved 27 April 2020.
  24. ↑ "Sumant Sinha honoured with the distinguished alumnus award by IIM Calcutta". Solar Quarter. Retrieved 16 November 2019.
  25. ↑ of India, Press Trust (17 June 2021). "ReNew Power CMD Sumant Sinha recongnied as SDG Poineers by UNGC". Economic Times. Retrieved 21 June 2021.
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