Mumbai : Avaada Electro, the solar PV manufacturing arm of Avaada Group and one of India’s fastest-growing green tech enterprises, today announced the appointment of Mr. Kaushal Shah as its Chief Financial Officer.
A seasoned finance leader with over three decades of diverse experience, Mr. Shah brings deep expertise in capital markets, treasury operations, M&A, investor relations, risk governance, and financial planning. A Chartered Accountant (1993) with a PGDM in Information Systems Audit, he has built a distinguished career guiding businesses through complex financial transformations and high-growth trajectories.
Prior to joining Avaada Electro, Mr. Shah held senior leadership roles across sectors including manufacturing and information technology, where he led large teams, executed strategic transactions, and implemented scalable financial systems.
This leadership transition comes at a transformative phase for Avaada Electro, as the company ramps up capacity expansion, R&D investments, and integrated solar manufacturing to meet both domestic demand and global climate goals.
Welcoming Mr. Shah, Mr. Vineet Mittal, Chairman of Avaada Group, said:
“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.”
As CFO, Mr. Shah will lead Avaada Electro’s financial strategy, stakeholder engagement, capital allocation, and compliance frameworks, while supporting innovation-driven growth across solar PV manufacturing and allied technologies.
Avaada Electro is currently working to enhance solar cell efficiencies beyond 25.5% and increase power output from 720 Wp to 800 Wp, aligning with global performance benchmarks. The company’s contribution is vital to Avaada Group’s broader ambition of deploying 50 GW of renewable energy capacity by 2035.
Commenting on his appointment, Mr. Kaushal Shah said:
“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.”
With Mr. Shah’s appointment, Avaada Electro reinforces its commitment to building a resilient, future-ready, and globally competitive clean energy ecosystem from India.
