Sharika Enterprises Appoints Sanjay Verma as Chief Executive Officer
Noida, April 6, 2026: Sharika Enterprises Limited has appointed Mr. Sanjay Verma as its Chief Executive Officer (CEO), effective April 1, 2026. This leadership transition occurs amidst accelerating investments by utilities across India into grid modernization, automation, and digital infrastructure to improve reliability and integrate renewable energy.Mr. Verma assumes the role of CEO while continuing his capacity as an Executive Director. The move positions Sharika Enterprises to strengthen its involvement in the evolving smart grid ecosystem.
With over three decades of experience, Mr. Verma possesses expertise spanning power distribution, utility systems, and digital grid technologies. He has been associated with the company’s growth in smart grid and power infrastructure solutions, having served as an Executive Director and Board member since 2014.
Prior to this tenure with Sharika Enterprises, Mr. Verma served as SWAT Leader - Smart Grids (Greater India Region) at GE Energy. During his time at GE Energy, he was involved in the early-stage deployment of advanced utility platforms. These platforms include SCADA, ADMS, EMS, GIS, WFM, Demand Response Management Systems, and smart metering systems. His experience included collaborating with utilities, regulators, and global technology partners such as IBM, Accenture, Capgemini, TCS, and Tech Mahindra during critical phases of grid modernization.
Furthermore, over his career, Mr. Verma contributed to the adoption of distribution automation technologies and intelligent grid solutions, blending technical planning with on-ground execution. His time at Schneider Electric saw him play a significant role in introducing and building market acceptance for technologies such as reclosers, RMUs, fault passage indicators, and compact substations in India.
Mr. Verma has also been actively engaged with industry bodies, including FICCI, CII, IEEE, and IEEMA. He has contributed to sector dialogues through various forums, policy discussions, and international collaborations, including projects supported by multilateral agencies like the World Bank, ADB, and USAID.
Commenting on his appointment, Mr. Verma stated that the power sector is entering a phase where digitalization, resilience, and flexibility of networks are becoming central. He added that Sharika Enterprises is well positioned to contribute to this transition by continuing to focus on strengthening execution and partnerships across the value chain.
The company's Board noted that the appointment comes at a pivotal time as the convergence of power systems with digital technologies reshapes utility operations. Sharika Enterprises is anticipated to deepen its engagement in smart grid deployments and digital infrastructure projects as utilities move toward more intelligent, automated, and integrated networks.
Stock Price Movement
Sharika Enterprises Ltd shares traded between ₹10.05 and ₹10.48 on Monday. The stock settled at ₹10.10 shares on Monday, up by ₹0.05 shares.Source:
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