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About us

Leading the Future of Green Hydrogen Energy Production


About Sterling Powergensys Ltd.

Sterling Powergensys Limited  SPL, incorporated in 1984, is a BSE-listed company serving various industries.
We are a technology-driven company, offering tailor-made innovative solutions for client-specific needs.

  • Erstwhile manufacturer of Industrial Boilers.
  • Specializes in Waste Heat Recovery Boilers.
  • Over 600 boilers installed globally.
  • Introduced Hydrogen Gas-fired Boilers to Indian Chlor-Alkali industries in 1994.
  • Demonstrated lifecycle of over 25 years for their products.

SPL supplied during the year 2000 to 2012

  • Producer Gas Plants.
  • Sponge Iron manufacturing plants.
  • Co-generation Power Plants.
  • Waste Heat Recovery systems.
  • Specialized Energy Conservation Equipment.

  • SPL entered Solar Power Sector in 2010-11 and continuing.
  • Provided Module Mounting Solution for Solar Power Projects on EPC basis.
  • Executed around 75-80 MW of Solar Power Projects and achieved significant milestones in a short span.
SPL has also opened its overseas branch Office in Dubai, with a Jebel Ali Free Trade Zone license, facilitating Merchant Exports of Sugar, Wheat, and Rice to Sri Lanka, South & West Africa.


Board of Directors

Nandakumar Kalath

Mr. Nandakumar Kalath

Non-Executive Director – Chairman

  • Chemical Engineer in petroleum refining from university of Kerala
  • He has worked in functions as diverse as refinery operations, process engineering, project management, sales and marketing, strategic planning, business development, finance and corporate management
  • Mr. Nandakumar Kalath will be appointed as Non-Executive Chairman during the forthcoming 39th AGM
Mr. Appasamy Ganesan

Mr. Appasamy Ganesan

Corporate Advisor

  • Mr. Ganesan Appasamy : An electrical engineer by profession with more than 50 years experience in many fields brings in International business contacts, technical and analytical skills.
  • He worked for many MNCs including Best & Crompton, Ansaldo, General Electric, English Electric, Elsytech, PCO etc in various capacities. Currently he is also advising to M/S. Petrichor Capital SDN BHD & their Group companies, Apind Karunya Group of companies etc
  • He and his core team brings in lot of innovative ideas in new emerging technologies in many fields for commercial exploitation.
Mr. Sankaran Venkata Subramanian

Mr. Sankaran Venkata Subramanian

Managing Director

  • He is a Science Graduate with expertise in industrial boilers and incinerators.
  • Transitioning from M/s. Thermax Ltd. Mumbai, he's now a successful entrepreneur, blending technical knowledge with strong managerial skills.
NMrs. Iyar Rajlaxmi

Mrs. Iyar Rajlaxmi

Non-Executive Director

  • With over 20 years of experience and an undergraduate degree in Arts, she contributes significantly to the company's growth through her expertise in business administration and management.
Mr. Dinesh Kumar Agarwal

Mr. Dinesh Kumar Agarwal

Director – Finance From 39th AGM onwards

  • Mr. Dinesh Kumar Agarwal, ACA, ACS is an experienced Chartered Accountant and Company Secretary
  • He lends his strength not only to the company’s finance and accounts but also to the company’s efforts to provide comprehensive financial services as part of it’s turnkey offer for client’s projects
  • Mr. Dinesh Kumar Agarwal, will be appointed as Director & CFO in the forthcoming 39th AGM
Mr. Navinchandra Joshi

Mr. Navinchandra Joshi

President Dubai Branch Operations

  • Mr. Navinchandra Joshi is an Electronics & Instrumentation Engineer.
  • MBA in Logistics & Entrepreneurship Management.
  • He gained lot of experience in U.A.E. and Afghanistan for the past 22 years in marketing of commodities, Oil & Gas sectors and Electronics Office equipments.
  • Mr. Navinchandra Joshi will be appointed as Executive Director – International Sales in the forthcoming 39th AGM
Mr. Harishchandra B. Naukudkar

Mr. Harishchandra B. Naukudkar

Non-Executive Chairman
(Till 39th AGM) Then becoming CEO

  • He is a B.E. in Production with vast ex•per taining large power stations since 1992.
  • He specializes in coal-fired and gas turbine power stations, along with waste heat recovery plants
  • Mr. Harishchandra Naukudkar will resign as Non-Executive Chairman in the forthcoming 39 AGM and will be appointed as Chief Executive Officer
Mr. Tarang Madanjit Mehta

Mr. Tarang Madanjit Mehta

Independent Director

  • B.Com. in (Finance & Accounts) LLB(GEN), LLB(SP), PGDBA, FCS.
  • Over 35 years of experience in Legal, client servicing, compliance, Finance and HR with various Companies of repute
  • Have held Senior management positions like Director, Consultant, Company Secretary, and Vice President.
Mr. Shankar Ramnath Iyer

Mr. Shankar Ramnath Iyer

Independent Director

  • Mr. Iyer holds a Commerce degree and an MBA in Marketing.
  • With 13 years in sales and marketing in investment banking, plus 15 years in corporate advisory, his experience is extensive.
Mr. Manish Jain

Mr. Manish Jain

Independent Director

  • Mr. Manish Jain holds B.Com Degree from university of Mumbai, CA(Inter)
  • He has more than 30 years experience in the field of direct tax, indirect tax financial systems, processes, development, implementation and improvisations.

Compliance Team

Gaurav Kaushik

Gaurav Kaushik

Company Secretary & Compliance Officer

  • He is a qualified Company Secretary since 2011 and holds a Master of Commerce (M. Com.) degree.
  • He is associated with the Company since September 11, 2020.
Kirti Bihani & Associates

Kirti Bihani & Associates

Practicing Company Secretary

  • Kirti Bihani & Associates is a practicing Company Secretary firm led by the proprietor, CS Kirti Bihani, who has over 5 years of experience along with team of dedicated professionals.
  • The firm serves as our secretarial consultant, handling a range of corporate matters.
Pundlik R. Davane

Pundlik R. Davane

Chief Financial Officer till 39th AGM

  • He pursued a B.Sc. Degree from Mumbai University.
  • He has vast experience of day to day Factory Operations along with maintaining all accounts & Statutory related documents at Factory.
  • He will take the charge as Executive and support the Compliance Team & Financial Team with Banking Co-ordination.