Bengaluru: GPS Renewables (GPSR), a leading global full-stack, renewable oil & gas company offering technology and project solutions for climate-positive biofuel projects, has appointed Parag Arvind Parikh as the Chief Executive Officer of GPSR Arya, the asset platform of GPS Renewables. In addition, he will also take charge as the Group Chief Finance Officer of GPS Renewables.
Parag, an industry veteran in the infrastructure space spanning sectors like Roads, Ports, Power, and the energy transition space of CBG, EV charging, etc, has over 25 years of experience in finance and business leadership. Prior to joining GPS Renewables Group, he was the Chief Finance Officer at Adani Total Gas, where he played a pivotal role in driving strategy, overseeing JV board governance, raising international financing, leading strategic and operational finance as well as incubating new business of CBG and being the CEO of the EV Charging Infrastructure business.
With strong business acumen and financial expertise, Parag has been instrumental in enabling organizations to achieve leadership positions in their respective sectors. His prior experience includes senior leadership roles at GMR Group and Gammon, where he successfully led finance and business functions with responsibilities spanning strategy, corporate and project finance, structured finance, ratings, stressed assets, capital raising (debt & equity), restructuring, business development, bidding, IPOs, investor relations, and operations.
Commenting on his appointment, Parag Parikh, CEO, GPSR Arya and Group CFO, GPS Renewables, said, “It is an exciting time to be joining GPS Renewables Group as it advances its ambitious goal of driving India’s energy transition. In my role as CEO of GPSR Arya, I look forward to working with the team to scale the operations and contribute to Arya’s next phase of growth. As Group CFO, my focus will be on strengthening the company’s financial foundation to support its growth strategy.”
Mainak Chakraborty, CEO and Co-Founder, GPS Renewables, said, “Parag brings over 25 years of financial leadership experience in the infrastructure and energy space. His proven expertise and strategic clarity will be instrumental in advancing our growth story. I look forward to partnering with him in the journey ahead of GPS Renewables Group.”
Over the past decade, GPS Renewables has built unmatched capabilities across technology, software, design & engineering, EPC, O&M, and project development. Today, the company is an 800-member strong organization.
As a project developer, GPS Renewables is currently developing biogas projects with a capital outlay approaching USD 1 billion. The company’s focus is now expanding into bioLNG, Green Methanol (GMe), and Sustainable Aviation Fuel (SAF).
The company’s landmark projects include Asia’s largest MSW-based CBG plant in Indore, the world’s fastest-executed CBG plant in Barabanki, and the upcoming world’s largest CBG complex in Kakinada (~67–70 TPD).
GPS Renewables’ current pipeline includes 30+ operational or near-complete projects, with long-term visibility on over 200 CBG projects under development in partnership with leading oil marketing companies. Furthermore, GPS Renewables is the only Indian company with JVs with both IOCL and BPCL, two of India’s largest oil marketing companies. GPS Renewables’ shareholders include Neev II (SBI Ventures, India), Sojitz Corporation, Samsung C&T, Triodos, and Caspian Impact Investments.
