PTC India Limited has reshaped its executive lineup, stating that Manoj Kumar Jhawar will move from Chairman & Managing Director to Managing Director & CEO, effective 13 April 2026. The change follows a series of internal approvals, including a Postal Ballot by shareholders on 20 March 2026 and a board resolution on 15 April 2026. With the shift, Jhawar relinquishes the Chairman title while continuing to lead as the company’s top executive.
Industry observers see the move as a bid for continuity in strategic leadership as the power distribution specialist pursues ambitious growth in a rapidly evolving market. By keeping Jhawar at the helm under the same terms and remuneration as approved in the 2025 AGM, PTC India aims to preserve momentum while aligning governance structure with its long-term plan.
Manoj Kumar Jhawar, about 57 years old, brings a multidisciplinary track record to the role. He holds a Ph.D. in Management Sciences from Devi Ahilya University, Indore; a Bachelor’s in Mechanical Engineering from Government Engineering College, Ujjain; a Master’s in Industrial Engineering & Management from Devi Ahilya University; and is a qualified Cost Accountant from ICAI. He joined PTC Board as Whole-time Director (Commercial & Operations) on 18 January 2024, after a career spanning the public utility and energy sectors, including stints at MP State Electricity Board and KIOCL Ltd., where he served as Director (Finance) since May 2023. His broad experience covers policy planning, budgeting, contract negotiations, revenue management, ERP and IT-OT initiatives, and regulatory affairs.
PTC India notes that the information will be hosted on its website, reinforcing a narrative of steady leadership and strategic continuity for a company navigating a dynamic energy landscape.