India’s leading infrastructure development company has initiated a leadership transition aimed at accelerating growth, strengthening governance, and preparing the organization for future opportunities in high-potential sectors, including Water Infrastructure Development and Battery Energy Storage Systems (BESS).
This transition represents a strategic shift towards next-generation operational leadership, while preserving the deep expertise and strong market relationships of the promoters in advisory roles. The move is aimed at accelerating execution, reinforcing investor confidence, and positioning SPML Infra for sustained growth and long-term value creation.”
Leadership Changes (Pursuant to Regulation 30 of SEBI LODR and other applicable provisions)
- Mr. Abhinandan Sethi, currently Chief Operating Officer (COO), has been appointed as Managing Director for a term of 5 years. He will lead end-to-end business strategy, operations, corporate finance, and expansion into emerging infrastructure sectors including BESS.
- Mr. Subhash Sethi has become Non-Executive Chairman and Director from the executive role to focus on high-value legal, contractual, and arbitration strategy.
- Mr. Sushil Sethi will continue as Non-Executive Vice Chairman and Director, guiding business development, client relationship management, and market expansion.
Strategic Impact
This governance-driven transition is set to:
- Propel growth in water EPC while fast-tracking expansion in Battery Energy Storage Systems (BESS).
- Reinforce governance by establishing a clear distinction between executive responsibilities and advisory roles.
- Prepare the company for the future with a leadership framework that combines legacy wisdom with operational agility.
Leadership Perspectives
Mr. Subhash Sethi, Chairman: “This transition marks a new chapter in SPML Infra’s journey. We are confident that with Abhinandan’s leadership along with his dedicated team and our continued strategic guidance, the company is well positioned for the next phase of sustained growth.”
Mr. Sushil Sethi, Vice Chairman: “It gives me great pride to guide and mentor our leadership team as they take SPML Infra to the next level of growth. Supporting them with my experience while watching the company scale new heights of success would be truly enriching.”
Mr. Abhinandan Sethi, Managing Director: “As we embark on this new chapter, my priority is to build on SPML’s legacy of pioneering water infrastructure while unlocking new opportunities in clean energy. By combining disciplined execution with innovation, we aim to create sustainable value for our stakeholders and contribute meaningfully to the vision of Viksit Bharat 2047.”
This transition underscores SPML Infra’s commitment to growth, strong governance, and future readiness. By empowering a new generation of leadership while retaining the founders’ expertise in strategic roles, the company is enhancing governance, accelerating execution, and laying a solid foundation for long-term value creation for its stakeholders.
The changes are subject to necessary shareholders and regulatory approvals, including related party transaction clearances in line with SEBI and Companies Act provisions.