Siemens Energy India: power shift as demerger sparks big moves

MUMBAI: The energy game at Siemens just got a positive jolt. The National Company Law Tribunal, Mumbai, has sanctioned the long-awaited demerger of Siemens Ltd’s energy business, officially spinning it off into Siemens Energy India Ltd (SEIL) from 1 March 2025.

The result? A major corporate power shift. All Siemens employees in its energy business now belong to SEIL, turbocharging its ranks with key talent. Among them, Guilherme Vieira De Mendonca, the former head of Siemens’ energy business, now takes the wheel as managing director and chief executive officer of SEIL. Harish Shekar, the finance head, has also made the leap, stepping into the role of executive director and chief financial officer.

These heavyweight appointments are, of course, subject to shareholder and regulatory approvals, but the writing is on the wall. With the energy transition heating up, SEIL looks ready to charge ahead. Watch this space.