Zelestra India appoints Prashant Kumar as Chief Financial Officer

Zelestra, a global renewable energy with a portfolio of over 29 GW clean energy projects across 13 countries has announced the appointment of Prashant Kumar as Chief Financial Officer for its India Business Unit, effective immediately.

Prashant will report directly to Sajay KV, CEO and will oversee all financial operations for India. This strategic appointment comes as Zelestra continues to strengthen its market position, having recently been recognized among the top 10 sellers of clean energy to corporate customers globally by Bloomberg New Energy Finance (BNEF), and ranking second in Europe, Middle East and Asia.

Sajay KV, Chief Executive Officer, Zelestra India commented, “Zelestra in India is growing every day, delivering successes, and helping to make decarbonization a reality. We now have a pipeline of wind, solar and BESS technology of over 5 GW in total, with three major projects in construction this year. This accelerated growth means we need a top senior leadership team to ensure we rise to all of the challenges ahead. Therefore, it gives me great pleasure to welcome Prashant to Zelestra India team.”

Prashant is an experienced business leader with a track record of success. He has a post graduate degree in Management from XIMB (Xavier Institute of Management, Bhubaneswar) and more than two decades of experience in financial operations, fund management, capital raising, and project financing. His experience in high-growth sectors includes senior finance leadership positions at Fortum India Private Limited, Tata Power Solar, Lanco Solar, and IndusInd Bank.

On joining Zelestra India, Prashant said: “Zelestra is going from strength to strength in India, with some major contracts signed recently and a lot of work underway to deliver highly complex multi-technology projects. ”

In his new role, Prashant will lead the India BU’s finance function with a focus on strengthening financial governance, driving strategic planning, and optimizing capital efficiency to support business expansion.

Zelestra is currently staffed by 950+ professionals globally. It is backed by EQT, one of the largest fund managers in the world, with more than 269 billion euros in assets under management.