Mumbai: Avaada Electro, the solar PV manufacturing arm of Avaada Group and one of India’s fastest-growing green tech enterprises, has announced the appointment of Kaushal Shah as its Chief Financial Officer (CFO).
A finance veteran with over three decades of experience, Mr. Shah brings with him a strong background in capital markets, treasury operations, mergers & acquisitions, investor relations, risk governance, and strategic financial planning. A Chartered Accountant (1993) with a PGDM in Information Systems Audit, he has held senior leadership positions across manufacturing and IT sectors, spearheading large teams and guiding organizations through high-growth phases and financial transformations.
This strategic appointment comes as Avaada Electro embarks on its next phase of growth—marked by capacity expansion, increased R&D investments, and deeper integration of solar manufacturing to meet both domestic energy needs and global sustainability goals.
Welcoming Shah, 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 the company’s financial strategy, stakeholder engagement, capital allocation, and governance frameworks, while supporting innovation-led expansion across solar PV and allied technologies.
Avaada Electro is currently focused on pushing the boundaries of solar technology—working to enhance solar cell efficiencies beyond 25.5% and increase module power output from 720 Wp to 800 Wp, in line with global performance standards. These advancements are central to the Avaada Group’s broader ambition of deploying 50 GW of renewable energy capacity by 2035.
Commenting on his appointment, 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 entry, Avaada Electro further strengthens its leadership bench and reaffirms its commitment to building a resilient, future-ready, and globally competitive clean energy ecosystem from India.
