Shri Ajoy Mehta took over as the Managing Director of the newly set up Maharashtra State Power Generation Company Ltd. and Director of MSEB Holding Company Ltd. His office is at Prakashgad (M.S.E.B. Head office Building) Bandra East.

Shri Mehta holds B.Tech from Institute of Technology, Banaras Hindu University and M.B.A (Finance) from U.K. He joined IAS in 1984. He was collector of Ahmednagar District. Later he was Municipal Commissioner of Nashik where he had organized smooth running of Kumbhamela in the year 1992-93. He was also Joint Commissioner of Mumbai Municipal Corporation and Director of Horticulture, Government of India.