SPML Infra Limited (NSE: SPMLINFRA, BSE: 500402), India’s leading infrastructure development company has initiated a leadership transiti...
SPML Infra Limited (NSE: SPMLINFRA, BSE: 500402), India’s leading
infrastructure development company has initiated a leadership transition aimed
at accelerating growth, strengthening governance, and preparing the
organization for future opportunities in high-potential sectors, including
Water Infrastructure Development and Battery Energy Storage Systems (BESS).
This transition represents a strategic shift towards next-generation
operational leadership, while preserving the deep expertise and strong market
relationships of the promoters in advisory roles. The move is aimed at
accelerating execution, reinforcing investor confidence, and positioning SPML
Infra for sustained growth and long-term value creation.”
Leadership Changes (Pursuant to Regulation 30 of SEBI LODR and other
applicable provisions)
Mr. Abhinandan Sethi, currently Chief Operating Officer (COO), has been
appointed as Managing Director for a term of 5 years. He will lead end-to-end
business strategy, operations, corporate finance, and expansion into emerging
infrastructure sectors including BESS.
Mr. Subhash Sethi has become Non-Executive Chairman and Director from
the executive role to focus on high-value legal, contractual, and arbitration
strategy.
Mr. Sushil Sethi will continue as Non-Executive Vice Chairman and
Director, guiding business development, client relationship management, and
market expansion.
Strategic Impact
This governance-driven transition is set to:
Propel growth in water EPC while fast-tracking expansion in Battery
Energy Storage Systems (BESS).
4 Reinforce governance by establishing a clear distinction between
executive responsibilities and advisory roles.
Prepare the company for the future with a leadership framework that
combines legacy wisdom with operational agility.
Leadership Perspectives
Mr. Subhash Sethi, Chairman: “This transition marks a new chapter in
SPML Infra’s journey. We are confident that with Abhinandan’s leadership along
with his dedicated team and our continued strategic guidance, the company is
well positioned for the next phase of sustained growth.”
Mr. Sushil Sethi, Vice Chairman: “It gives me great pride to guide and
mentor our leadership team as they take SPML Infra to the next level of growth.
Supporting them with my experience while watching the company scale new heights
of success would be truly enriching.”
Mr. Abhinandan Sethi, Managing Director: “As we embark on this new
chapter, my priority is to build on SPML’s legacy of pioneering water
infrastructure while unlocking new opportunities in clean energy. By combining
disciplined execution with innovation, we aim to create sustainable value for
our stakeholders and contribute meaningfully to the vision of Viksit Bharat
2047.”
This transition underscores SPML Infra’s commitment to growth, strong
governance, and future readiness. By empowering a new generation of leadership
while retaining the founders’ expertise in strategic roles, the company is
enhancing governance, accelerating execution, and laying a solid foundation for
long-term value creation for its stakeholders.
The changes are subject to necessary shareholders and regulatory
approvals, including related party transaction clearances in line with SEBI and
Companies Act provisions.
Brief Profile of Mr. Abhinandan Sethi:
Mr. Abhinandan Sethi is the Managing Director of SPML Infra Limited,
spearheading the company’s end-to-end business strategy, operations, and
corporate finance while driving its expansion into emerging infrastructure
sectors, including Battery Energy Storage Systems (BESS). He plays a pivotal
role in shaping strategic business and financial plans, guiding project and
operations management, and formulating organizational policies and procedures
to ensure sustainable growth.
He is an alumnus of La Martiniere for Boys, Kolkata, holds a Bachelor of
Science in Business Administration from Boston University, USA, and an MBA from
the London Business School.
About SPML Infra Ltd.:
SPML Infra Limited (CIN: L40106WB1981PLC276372) is a distinguished
infrastructure development company with over four decades of expertise across
power, water, environment, and technology sectors. With a pan-India presence,
SPML has successfully executed over 700 projects, creating critical
infrastructure, including drinking water facilities, wastewater treatment,
integrated sewerage networks, municipal waste management, power transmission
& distribution, substations, rural electrification, and smart city solutions.
As India's leading water management company, SPML has contributed immensely to
providing clean drinking water to over 50 million people across urban and rural
areas. SPML is ranked 14th among the World's Top 50 Private Water Companies as
per Global Water Intelligence (GWI), London survey and is recognized as one of
India's 10 Best Infrastructure Companies. As a publicly listed, ESG-compliant
company, SPML Infra continues to drive innovation and growth in India’s
infrastructure landscape.
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