Business Magazine
Jinal Mehta
The winds of change are blowing all over Torrent Power, which is headquartered in Ahmedabad and is considered one of India’s foremost power utility companies. Spearheading this transformation is 40-year-old Jinal Mehta, the company’s soft-spoken Managing Director and the recipient of this year’s BT-PwC India’s Best CEOs award in the Energy category. And it would be a truism to say that within the rigorous landscape of the power industry, Torrent’s ambitious vision mirrors Mehta’s own unwavering determination to succeed.
“The foundation of our strategy is that we are one of the few integrated energy companies. We think a play across the value chain would help in meeting the needs of the energy transition,” outlines Mehta. The eventual plan is clear—to have clean energy round the clock. Mehta envisions that it will lead, eventually, to a move to green hydrogen. “That’s really where the future is.”
NPS Vatsalya: Here’s how the scheme can lay the foundation for early retirement planning and financial discipline for your child
If you want a big post-retirement kitty for your child, start preparing early. The National Pension System (NPS) Vatsalya, launched on September 18 by Finance Minister Nirmala Sitharaman, may be something to look at. The scheme is designed specifically for young subscribers. It allows parents or guardians to start saving for their minor children with the option of converting the account into an NPS Tier 1 account once the child reaches adulthood.
“Under this scheme, parents can open and manage investment accounts on behalf of their minors, ensuring a structured approach to savings and
Investments. This not only instils a sense of financial discipline from a young age but also sets the stage for robust financial planning as children grow into adulthood,” says Rahul Bhagat, CEO at DSP Pension Fund Managers.
