Prior to this appointment, Verma was chief executive of CK Birla Group company Orient Electricals.
He will join the board of NTL Lemnis, which is a joint venture between NTL Electronics India and Lemnis Lighting of the Netherlands.
The company designs, manufactures and sells energy efficient LED lighting solutions for domestic as well as global markets.
Verma had also been associated with Philips for 17 years and then with GE Lighting India, Osram India and Crompton Greaves.