GPS Renewables (GPSR), a leading global full-stack, renewable oil & gas company offering technology and project solutions for climate-positive biofuel projects, has appointed Manan Domadia as Senior Vice President, Finance and Banking. He brings over 16 years of experience in finance and capital raising, with a strong focus on renewable energy and infrastructure sectors.
Prior to joining GPS Renewables, Manan has worked with organizations such as THINK Gas Distribution Pvt. Ltd, IFIN and YES Bank. Manan is a strategy & finance professional with extensive experience in renewable energy and infrastructure, specializing in debt structuring, M&A, FP&A and treasury management. With a strong track record in delivering large-scale financing solutions, he brings platform-level perspective on the energy transition along with extensive experience in financial modeling, due diligence coordination, and end-to-end transaction execution. With a practical understanding of the regulatory landscape, Manan is adept at translating regulatory requirements into actionable financing strategies while ensuring compliance, and operational efficiency
Commenting on his appointment, Parag Parikh, CEO, GPSR Arya and Group CFO, GPS Renewables, said, “Manan’s extensive experience in structuring projects and raising capital will be a value add, particularly as we enter a phase of accelerated growth. His understanding of India’s energy transition space will help in executing the capital management plan of the company. We look forward to his contribution that will support our long-term strategy.”
Manan Domadia, Senior Vice President, GPS Renewables, said, “Having worked closely at the intersection of finance and energy, I have been tracking GPS Renewables’ journey over the past few years. It has been impressive to see the company emerge as a key player in India’s clean energy transition, through its efforts to scale biogas projects across the country. I look forward to being part of this journey and contributing to the next phase of growth.”
Over the past decade, GPS Renewables has built unmatched capabilities across technology, software, design & engineering, EPC, O&M, and project development. Today, the company is an 800-member strong organization. As a project developer, GPS Renewables is currently developing biogas projects with a capital outlay approaching USD 1 billion. The company’s focus is expanding into more alternative fuels, including Sustainable Aviation Fuel (SAF).
The company’s landmark projects include Asia’s largest MSW-based CBG plant in Indore, the world’s fastest-executed CBG plant in Barabanki, and the upcoming world’s largest CBG complex in Kakinada (~67–70 TPD).
GPS Renewables’ current pipeline includes 30+ operational or near-complete projects, with long-term visibility on over 200 CBG projects under development in partnership with oil marketing companies. Furthermore, GPS Renewables is the only Indian company with JVs with both IOCL and BPCL.
About GPSR (GPS Renewables) Group
Headquartered in Bengaluru, GPS Renewables (“GPSR”) is a leading full-stack, renewable oil & gas company offering technology and project solutions for climate-positive biofuel projects. Starting from captive biogas plants, GPSR has scaled up to set up some of the world’s largest RNG plants. In 2022, GPS Renewables launched GPSR Arya Pvt Ltd, to commission BOO (Build-Own-Operate) projects, augmenting its climate impact ambitions.
GPSR has formed joint ventures with Indian Oil, Bharat Petroleum, and Oil India to build compressed biogas (CBG) plants across India. These plants will process agricultural and organic waste, reduce carbon emissions, and support the government’s SATAT initiative.
