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Power Exchange India Limited (PXIL), one of the country’s leading electricity trading platforms, has appointed Vivek Singla as its new Managing Director and Chief Executive Officer as of 10 November 2025. The announcement was made as the exchange looks to strengthen its market position at a time when India’s energy sector is undergoing a major shift toward renewables and digitalisation.
Singla brings more than 35 years of experience in the power sector. His career spans generation, transmission, distribution, power management, renewable energy and emerging green technologies. PXIL noted that he has consistently delivered results in complex and evolving business environments and is widely respected for his strategic and operational capabilities.
A Leader with Diverse Power-Sector Expertise
Before joining PXIL, Singla served as President and Head of Green Hydrogen and Transmission at ReNew Power. In this role, he led initiatives in green hydrogen and other next-generation technologies. His experience in managing both traditional energy operations and future-focused segments positions him as a leader with a balanced understanding of the sector’s longstanding challenges and new opportunities.
PXIL’s official statement highlighted his strengths in business development, regulatory affairs, mergers and acquisitions and deal structuring. Industry observers see these competencies as increasingly important as energy markets adapt to regulatory reforms and the integration of renewable supply.
Singla holds degrees from the Delhi Institute of Technology, the Faculty of Management Studies at Delhi University and the Indian School of Business in Hyderabad. His academic background complements his hands-on experience across multiple segments of the energy value chain.
Strategic Timing for PXIL
Singla stated that he is honoured to take on the leadership of PXIL at what he described as a pivotal period for the country’s power sector. He emphasised his commitment to supporting sustainable growth and increasing market efficiency while helping the exchange adapt to evolving industry needs.
His appointment suggests that PXIL may look to expand into emerging market products related to renewable energy, green contracts and possibly green hydrogen trading as these areas mature. His background at ReNew Power adds weight to expectations that PXIL will broaden its offerings in alignment with India's energy transition goals.
Singla’s combination of operational depth, market insight and experience with innovative technologies positions him to guide PXIL as it strengthens its role within India’s rapidly transforming energy market.
PXIL Latest Financial Results
PXIL has delivered strong year-by-year financial growth,
Revenue rising from Rs 40.2 crore in FY22 to Rs 92.9 crore in FY25, driven by consistent volume expansion in power trading.
Profitability followed a similar trend, as PAT increased from Rs 15.7 crore to Rs 34.5 crore over the same period, while EPS more than doubled from Rs 2.7 to Rs 5.91, reflecting improving earnings for shareholders.
EBITDA also grew steadily, reaching Rs 49.8 crore in FY25, supported by robust margins above 50 %, indicating strong operating efficiency.
However, FY25 revealed stress in cash flows despite higher profits. Operating cash flow turned negative at Rs 16.5 crore compared to a strong inflow of Rs 164.8 crore in FY24, while investing and financing outflows increased, resulting in a net cash outflow of Rs 39.7 crore. Overall, PXIL shows a solid growth and profitability trajectory, but the divergence between earnings growth and cash generation highlights that investors need to closely monitor working capital and cash conversion going forward.
