PTC India Ltd Announces Change in Designation of Dr. Manoj Kumar Jhawar
PTC India Ltd announced that the designation of Dr. Manoj Kumar Jhawar has been revised from Chairman & Managing Director to Managing Director & CEO, effective April 13, 2026. This transition results in the relinquishment of his post as Chairman.The Board of Directors of PTC India Ltd confirmed the change in designation through a resolution passed by circulation on April 15, 2026. This change followed approval accorded by the shareholders through a Postal Ballot resolution passed on March 20, 2026.
Profile and Professional Background
Dr. Manoj Kumar Jhawar, aged about 57 years, holds qualifications including Mechanical Engineering from Government Engineering College, Ujjain, and a Masters in Industrial Engineering & Management from Ahilya University, Indore. He is also a qualified Accountant from ICAI.Dr. Jhawar has extensive experience in the Power Distribution Sector. His functional experience covers Policy Planning, Budgeting and Resources Allocation, Contract Negotiations, Accounts & Project Financing, Treasury Management, Internal Regulatory Affairs, Revenue Management, Strategic Consumer Engagement, ERP Implementation, Smart Metering, and Management of Consulting from firms like CIDA, SNC, and Big-4.
Professionally, Dr. Jhawar began his journey with MP State Electricity in May 1989 as a Graduate Engineer and served in various capacities until August 2004. He subsequently joined Pradesh Paschim Kshetra Vidyut Vitaran Company Indore as Deputy Director (Finance) in August, and continued serving the organization through roles including Director (Finance) from 2012-2015 and Director (Commercial) from 2015-2021. More recently, he served in KIOCL Ltd. (Cat-I Mini Ratna CPSU) as Director (Finance) starting May 2023.
Designation and Appointment Details
The following table details the key appointments and the change in designation of Dr. Manoj Kumar Jhawar:| Particulars | Details |
|---|---|
| Name | Dr. Manoj Kumar Jhawar (DIN: 07306454) |
| Previous Designation | Chairman & Managing Director |
| New Designation | Managing Director & CEO |
| Effective Date of Change | April 13, 2026 |
| Relinquishment | Chairman post |
| Tenure Detail | He served as the Chairman & Managing Director from May 13, 2025, until superannuation (August 19, 2028). He will act as 'Managing CEO' for the remainder of his tenure on the terms and remuneration approved by the members in the Annual General Meeting held on August 8, 2025. |
| Relationship Disclosure | Dr. Manoj Kumar Jhawar is not related to any director of the Company. |
PTC Stock Price Movement
Shares of PTC India Limited are rallying to ₹175.15 as of 1:36 PM today, edging higher by 3.22% in live trading. The stock shows strong buying interest on 1.17 million shares traded, keeping the price firmly within the day's range of ₹172 to ₹176.Source:
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