ScoutQuest5 Oct 2026
Siemens Energy India544390CEO role change

Ajay Jain takes over as Execution Unit Head (Grid Technologies - Transformers); Ganesh Nadgouda ceases to be interim

Management change: Mr. Ajay Jain takes over as Execution Unit Head (Grid Technologies - Transformers) effective October 5, 2026.

Appointment Effective Date
October 5, 2026
Cessation Effective Date
close of business hours of October 4, 2026
New Head's Experience
over 30 years of experience in the Power Transformers industry
Prior Role
over 3 years at CG Power and Industrial Solutions Ltd as Vice President - Transformer Business
Continuing Role
General Manager - Plant Operations (Grid Technologies - Transformers)

What has changed

Siemens Energy India Limited has informed the stock exchanges about certain changes in its Senior Management, with the details set out in Annexure A of its letter dated October 5, 2026.

Who is the new Execution Unit Head

Mr. Jain is described as a seasoned business and operations leader with over 30 years of experience in large-scale manufacturing, business operations and P&L leadership within the Power Transformers industry.

He has been associated with CG Power and Industrial Solutions Limited for over 3 years, serving as Vice President - Transformer Business, where he led a multi-plant Transformers business with full P&L responsibility.

Earlier, Mr. Jain held various senior leadership roles at Hitachi Energy India and GE T&D India, with responsibilities spanning profitability, customer satisfaction, market share and operational excellence.

He holds a Bachelor of Engineering degree in Electrical and Power Systems from Punjabi University, Patiala.

How to read this

This is a change in who heads one execution unit, the Transformers business under Grid Technologies. An interim arrangement has given way to a full-time appointment, and the person who held the interim charge stays with the Company in a plant operations role.

For a retail investor, the key point is that the unit now has a full-time head, and the person moving out of the interim role remains with the Company in another senior position.

More numbers
  • Experience of Mr. Ajay Jain in large-scale manufacturing, business operations and P&L leadership…over 30 years
  • Association of Mr. Ajay Jain with CG Power and Industrial Solutions Limitedover 3 years
Source: BSE · 5 Oct 2026

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