Avaada Electro, the solar PV manufacturing arm of the Avaada Group and one of India’s fastest-growing green technology companies, has announced the appointment of Mr. Kaushal Shah as its new Chief Financial Officer (CFO). With over 30 years of experience in finance, Mr. Shah brings a deep understanding of capital markets, treasury operations, mergers and acquisitions, investor relations, risk management, and financial planning.
Mr. Shah is a Chartered Accountant (1993) and also holds a Post Graduate Diploma in Information Systems Audit. Over the course of his career, he has successfully led complex financial transformations and supported high-growth strategies for businesses across various sectors, including manufacturing and information technology. In his previous roles, he managed large teams, executed strategic financial transactions, and implemented scalable systems to improve financial efficiency.
His appointment comes at a critical time for Avaada Electro as the company is entering a new phase of growth. With an increased focus on expanding manufacturing capacity, investing in research and development, and enhancing solar technology capabilities, Avaada Electro is positioning itself to meet growing domestic and international demand for clean energy solutions. The company is currently working to improve solar cell efficiencies beyond 25.5% and increase power output from 720 Wp to 800 Wp, in line with global standards.
Mr. Vineet Mittal, Chairman of Avaada Group, said in a statement, “Kaushal’s appointment marks a pivotal milestone in our journey to create one of the world’s most advanced and purpose-driven green manufacturing ecosystems. His financial acumen, strategic vision, and values-based leadership will be instrumental as Avaada Electro scales new heights in clean technology and sustainability. We are not just manufacturing modules — we are shaping the future of energy for Bharat and beyond.”
Mr. Kaushal Shah, mentioned, “Joining Avaada Electro is not just a professional milestone — it is a mission aligned with my values. I am honoured to be part of a visionary organisation that places purpose and sustainability at the heart of its growth strategy. I look forward to building a strong financial foundation that powers innovation and impact.”
As CFO, Mr. Shah will be responsible for shaping the company’s financial strategy, managing stakeholder relationships, overseeing capital allocation, and ensuring regulatory compliance. His role will be key in supporting Avaada Electro’s efforts to drive innovation and scale its operations in solar PV manufacturing and related technologies. His leadership is expected to contribute significantly to Avaada Group’s larger goal of deploying 50 GW of renewable energy capacity by 2035 and strengthening India’s position in the global clean energy landscape.
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