Sumant Sinha wins Distinguished Alumnus award from IIM Calcutta

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Sumant Sinha wins Distinguished Alumnus award from IIM Calcutta

Sumant Sinha wins Distinguished Alumnus award from IIM Calcutta

Industry News
Dec 11,19

Sumant Sinha, Chairman and Managing Director, ReNew Power, one of the largest renewable energy company in India, has been awarded with the Distinguished Alumnus award by IIM- Calcutta recently, for his extraordinary contributions in the area of business entrepreneurship.

Sumant Sinha wins Distinguished Alumnus award from IIM Calcutta

Under his leadership, ReNew has become the first clean energy companyin India to cross 5,000 mw of commissioned capacity. ReNew power was also the first renewable energy company in India to attain the Unicorn status and has raised more than $ 1.4 billion of equity till date, with a total asset base in excess of $ 6.5 billion. The company has marquee investors from across the globe such as Goldman Sachs, CPPIB, ADIA and JERA. ReNew currently ranks amongst the largest Indian infrastructure companies.

Sumant Sinha, said, “It is always a matter of great pride to receive recognition from one’s alma mater. IIM Calcutta has been a significant part of my formative years and has helped me understand and realise the potential of business as a tool to change lives and livelihoods. I’d also like to thank all Renew employees from the bottom of my heart for all their efforts in making ReNew the largest clean energy company in India and for being an integral part of my entrepreneurial journey.”

This is the second time that Sumant is being honoured with a distinguished Alumnus Award. In 2018, he had received the ‘IIT Delhi Distinguished Alumnus Award’ from his other alma mater – IIT Delhi. Sumant is also on the Board of Governors of IIM Calcutta, IIT Delhi and Columbia’s School of International and Public Affairs.

Sumant Sinha began his career as an investment banker in the US and UK with leading global banks such as Citibank and ING, post which he returned to India and was the Group CFO of the Aditya Birla Group for 5 years till 2007, and then COO at Suzlon, before starting ReNew in 2011.