GPS Renewables (GPSR), a leading global full-stack renewable oil and gas company focused on climate-positive biofuel solutions, has announced the appointment of Manan Domadia as Senior Vice President – Finance and Banking. Manan brings over 16 years of experience in finance and capital raising, with a strong emphasis on renewable energy and infrastructure sectors. Prior to joining GPS Renewables, he held key roles at THINK Gas Distribution Pvt Ltd, IL&FS Financial Services (IFIN), and YES Bank. His expertise spans debt structuring, mergers and acquisitions, financial planning and analysis (FP&A), and treasury management.
With a proven track record in structuring large-scale financing solutions, Manan brings deep insights into the evolving energy transition landscape. His experience includes financial modeling, due diligence coordination, and end-to-end transaction execution, along with a strong understanding of regulatory frameworks and compliance-driven financing strategies.
Commenting on the appointment, Parag Parikh, CEO of GPSR Arya and Group CFO of GPS Renewables, stated that Manan’s expertise in capital structuring and fundraising will be instrumental as the company enters a phase of accelerated growth. He added that Manan’s understanding of India’s energy transition will support the company’s long-term capital management strategy.
Manan Domadia expressed enthusiasm about joining the organization, noting that he has closely followed GPS Renewables’ growth and its role in scaling biogas projects across India. He emphasized his commitment to contributing to the company’s next phase of expansion.
Over the past decade, GPS Renewables has built strong capabilities across technology, engineering, EPC, operations and maintenance, and project development. The company currently employs over 800 professionals and is developing biogas projects with a capital investment nearing USD 1 billion. Its portfolio includes landmark initiatives such as Asia’s largest municipal solid waste-based compressed biogas (CBG) plant in Indore, one of the fastest-executed CBG plants in Barabanki, and a forthcoming large-scale CBG complex in Kakinada.
With over 30 operational or near-complete projects and a pipeline of more than 200 CBG projects in collaboration with oil marketing companies, GPS Renewables continues to expand its footprint. The company has also established joint ventures with Indian Oil Corporation Limited and Bharat Petroleum Corporation Limited, reinforcing its leadership in India’s clean energy transition. Its expanding focus now includes alternative fuels such as Sustainable Aviation Fuel (SAF).
