Shri Siba Prasad Patnaik has taken the charge of Director (Finance) at Gliders India Limited on April 2, 2025. He is Masters in Commerce, Associate member of Institute of Cost Accountants of India along with other additional qualifications. Mr. Patnaik brings with him over three decades of extensive experience in Power (Thermal, Hydro & Renewable) and Mining sectors and worked with majors like NLC India Ltd and THDC India Ltd, held various key roles in both corporate & project environments.
Before joining Gliders India Limited, Mr. Patnaik had served as the Chief General Manager (Finance) at NLC India Ltd, a Navratna Public Sector Enterprise. He has a wealth of hands-on experience in Corporate Accounts, Treasury Management, Taxation, Contracts Management, Project Evaluation etc. Mr. Patnaik was instrumental in implementing the Asset Management and Banking ERP modules at THDC India Ltd, a Miniratna Schedule-A Government of India Company. Additionally, he played a pivotal role in introducing market-based debt instruments for working capital facilities which replaced the traditional cash credit facilities, resulting in significant reductions in financing costs.
Mr. Patnaik also developed a robust financial model for renewable projects, enabling to participate and successfully win several RE Projects through competitive bidding. He also has successfully secured large financial closures for several projects.