Power Grid Corp CFO Ravisankar Ganesan Steps Down Due to Retirement

Power Grid Corporation of India Limited (POWERGRID), the country's central electrical transmission utility, announced today that Ravisankar Ganesan has ceased to be the company's Director of Finance and Chief Financial Officer (CFO). The transition became effective at the close of business hours on June 30, 2026, following his scheduled superannuation from the Maharatna central public sector enterprise.

According to formal regulatory disclosures submitted by the company, the state-run power major had pre-emptively structured this senior leadership realignment. In a board meeting held earlier on June 10, 2026, the company’s directors approved the subsequent appointment of Shri Venkata Subrahamanayam Vallurie, who serves as Chief General Manager of Finance and Accounts (F&A), to succeed Ganesan as the next Chief Financial Officer starting July 1, 2026.

Smooth Executive Succession at Power Grid Corp

The departure of Ganesan concludes a successful multi-year tenure overseeing the financial operations of India’s largest electric transmission corporate entity. The company filed the official notification regarding the change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance and seamless communication with public market investors.

The newly appointed financial chief, Venkata Subrahamanayam Vallurie, brings significant institutional memory to the executive suite. He is a qualified cost accountant from the Institute of Cost Accountants of India and possesses more than 35 years of post-qualification industry experience. Significantly, Vallurie has dedicated more than 32 years of his professional career specifically to Power Grid Corp, working across regional headquarters and the central corporate department.

Strategic Impact on Projects and Transmission Infrastructure

For institutional shareholders, sovereign wealth funds, and domestic retail investors, corporate leadership longevity and planned transitions at the PSU level are viewed as signs of corporate governance stability. Power Grid Corp plays a pivotal role in India’s expanding energy landscape, managing approximately 85% of the nation’s inter-regional transmission lines.

The leadership evolution occurs as Power Grid Corp actively executes infrastructure updates. Just last month, the company was declared the successful bidder to establish an Inter-State Transmission System under Tariff-Based Competitive Bidding for the 'WR-ER Inter-Regional Network Expansion Scheme Part-A'. According to stock exchange data from the National Stock Exchange (NSE) and BSE Limited, the firm continues to deploy substantial capital towards upgrading National Transmission Asset Management Centre systems and securing major international credit facilities, including a Japanese Yen (JPY) 80 billion unsecured term loan facility from the Japan Bank for International Cooperation (JBIC).

Official Sources and Corporate Confirmations

According to the company's official statutory notifications published across public listing networks:

• Ravisankar Ganesan officially completed his executive term as Director (Finance) & CFO on June 30, 2026, upon reaching his retirement age.

• The Board of Directors formalized the succession path via a circular corporate filing executed in June.

• Shri Venkata Subrahamanayam Vallurie assumes complete functional charge of all corporate accounting, capital optimization, and financial reporting divisions beginning July 1, 2026.

Quote Section

In the public regulatory notification issued to financial trading desks, organizers and corporate secretaries stated that:

"In pursuance of Regulation 30 read with Schedule III of the SEBI LODR Regulations, 2015, this is to inform that Shri Ravisankar Ganesan has ceased to be Director (Finance) & CFO of the Company with effect from June 30, 2026, on account of his superannuation."

Why It Matters

A structural shift in the financial directorship of a Maharatna public sector undertaking affects how massive capital expenditure plans are handled. Given that the incoming CFO has previously driven the digitization of finance operations and SAP deployment across the group, investors can expect a continuous focus on cost controls, balance sheet optimization, and automated risk oversight frameworks as India scales its national green energy corridors.

Key Facts at a Glance

• Executive Ceasation: Ravisankar Ganesan officially retired as CFO on June 30, 2026.

• Incoming Leadership: Shri Venkata Subrahamanayam Vallurie is appointed as the new CFO effective July 1, 2026.

• Regulatory Adherence: Transition executed transparently under SEBI LODR guidelines.

• Institutional Tenure: The new financial head brings over 32 years of exclusive operational experience within Power Grid Corp.

Frequently Asked Questions (FAQ)

1. Why did Ravisankar Ganesan step down from Power Grid Corp?

Ravisankar Ganesan stepped down from his combined corporate role as Director of Finance and CFO due to his scheduled superannuation (retirement) on June 30, 2026.

2. Who has been appointed as the new CFO of Power Grid Corp?

Shri Venkata Subrahamanayam Vallurie, formerly the Chief General Manager of Finance & Accounts (F&A) within the organization, has assumed the role of Chief Financial Officer effective July 1, 2026.

3. What are the credentials of the incoming CFO?

Shri Venkata Subrahamanayam Vallurie is a qualified cost accountant with over 35 years of experience, including 32 years spent managing core asset accounting, resource mobilization, and ERP modernization inside Power Grid Corp.

4. Where can stakeholders access the official corporate transition documents?

The formal notices and board outcome briefs are hosted directly on the Power Grid Corp Investor Relations portal as well as the listing archives of the BSE and NSE.

Source:

• National Stock Exchange of India (NSE) Corporate Filings Archive

• Securities and Exchange Board of India (SEBI) Central Portal

• Power Grid Corporation of India Limited Official Board Outcomes