GPS Renewables (GPSR), a leading global full-stack renewable oil and gas company offering technology and project solutions for climate-positive biofuel initiatives, has announced the appointment of Parag Arvind Parikh as the Chief Executive Officer of GPSR Arya, the asset platform of GPS Renewables. In addition to his new role as CEO of GPSR Arya, Parag will also serve as the Group Chief Finance Officer of GPS Renewables.
Parag brings over 25 years of extensive experience in finance and business leadership across the infrastructure and energy transition sectors, including roads, ports, power, compressed biogas (CBG), and electric vehicle (EV) charging. Before joining GPS Renewables, he served as the Chief Finance Officer at Adani Total Gas, where he played a key role in shaping company strategy, managing joint venture board governance, securing international financing, and leading both strategic and operational finance functions. He also spearheaded the development of the company’s CBG business and served as the CEO of its EV Charging Infrastructure division.
Throughout his career, Parag has demonstrated strong business acumen and financial expertise, helping organizations achieve leadership positions in their respective industries. His previous leadership roles at GMR Group and Gammon included responsibilities across corporate and project finance, structured finance, ratings, capital raising through debt and equity, restructuring, business development, IPOs, investor relations, and operations.
Over the last decade, GPS Renewables has emerged as a prominent player in the renewable energy industry, building end-to-end expertise across technology, software, design and engineering, EPC, O&M, and project development. The company, now employing over 800 professionals, is actively developing biogas projects with a combined capital investment nearing USD 1 billion.
Parag Parikh, CEO, GPSR Arya and Group CFO, GPS Renewables, said in a statement, “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, stated, “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.”
Expanding beyond biogas, GPS Renewables is advancing into new areas such as bioLNG, Green Methanol (GMe), and Sustainable Aviation Fuel (SAF). Its landmark projects include Asia’s largest municipal solid waste-based compressed biogas (CBG) plant in Indore, the world’s fastest-executed CBG plant in Barabanki, and the upcoming world’s largest CBG complex in Kakinada, with a capacity of approximately 67–70 tonnes per day.
Currently, the company’s project pipeline includes more than 30 operational or near-complete plants, along with long-term visibility on over 200 CBG projects in collaboration with major oil marketing companies. GPS Renewables is also the only Indian company to have joint ventures with both Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL), two of India’s largest energy players.
The company’s strong investor base includes prominent names such as Neev II (SBI Ventures, India), Sojitz Corporation, Samsung C&T, Triodos, and Caspian Impact Investments. With Parag Arvind Parikh’s appointment, GPS Renewables aims to strengthen its leadership team, accelerate growth across its renewable energy portfolio, and further solidify its position as a key enabler in India’s and the world’s clean energy transition.
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