Mahindra Susten, the cleantech and independent power production arm of the Mahindra Group, has named Avinash Rao as its new Managing Director and Chief Executive Officer. His appointment will take effect on 24 September 2025, according to a company statement and reports from common sources.
In his new position, Rao will lead Mahindra Susten’s strategic growth across the renewable energy sector. The company already operates more than 1.6 GW of commissioned projects and is advancing a development pipeline of nearly 3.6 GW. This includes solar, wind, hybrid projects, and commercial and industrial solutions, alongside growing investments in energy storage and integrated renewable energy offerings.
Highlighting the significance of the appointment, Dr Anish Shah, Group CEO and MD of the Mahindra Group, said: “At Mahindra, sustainability and climate action are not just priorities—they are core to our purpose … Rao’s deep expertise across the entire energy value chain—from platform creation to investment and operational excellence—will enable us to create long-term value for our stakeholders while accelerating the transition to a cleaner energy future.”
Ontario Teachers’ Pension Plan, a long-term investor in Mahindra Susten, also welcomed the announcement. Bruce Crane, Executive Managing Director and Head of Asia Pacific at Ontario Teachers’, stated: “We congratulate Avinash Rao on his appointment and look forward to continuing our strong partnership … we are pleased to support its ongoing efforts to deliver reliable, high-quality clean energy solutions.”
Rao brings nearly thirty years of experience across conventional energy, transmission, and renewables. Most recently, he was CEO of Sustainable Energy Infra Investment Managers Pvt Ltd, the manager of SEIT, India’s largest listed renewable energy InvIT. Rao has also held senior roles at Sekura India Management Limited and CLP India, where he contributed to building, acquiring, and scaling renewable portfolios.
Mahindra Susten is aiming to strengthen its position as a leader in clean energy by building on its operational projects and robust pipeline. Its expansion into storage and integrated renewables reflects a wider industry shift toward solutions that improve grid stability and support long-term sustainability goals.
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