Ahmedabad: Clean energy technology company Solaryaan has elevated Chirag Patel to Executive Director, while he continues to serve as the company’s Chief Executive Officer. The expanded mandate comes as the company enters a new phase of growth under its Solaryaan 2.0 strategy, focusing on product diversification, energy storage, manufacturing and national expansion.
Patel brings over 25 years of leadership experience across renewable energy, power and telecom. He has played a key role in Solaryaan’s growth, strengthening its people, processes and product portfolio while helping the company evolve from a solar inverter-focused business into a broader clean energy solutions provider.
An alumnus of the Indian Institute of Management Calcutta, Patel has held leadership positions at organisations including Shakti Pumps, Havells India, Panasonic, Tata Tele Business Services and Tata Power Renewable Energy.
In his expanded role as Executive Director, CEO and Board Member, Patel will continue to lead Solaryaan’s strategic growth, with a focus on innovation, operational scale, technology development and organisational capability. His mandate will also include strengthening the company’s national footprint and positioning Solaryaan as an Indian clean energy brand with global ambitions.
Solaryaan has powered more than 500,000 solar installations across India and recorded revenue of over ₹200 crore in the last financial year. The company is targeting revenue of more than ₹400 crore in FY27, driven by product expansion, a growing channel and EPC network, and increasing demand for hybrid energy and storage solutions.
As part of its growth plans, Solaryaan is expanding its portfolio across Grid-Tied Inverters, Hybrid Inverters, Micro Inverters and Battery Energy Storage Systems (BESS), while strengthening its presence across key renewable energy markets in India.
The company is also investing in domestic energy storage manufacturing, with plans to invest approximately ₹150 crore in a lithium-ion battery manufacturing facility. It is further evaluating an investment of around ₹550–600 crore towards cell manufacturing as it seeks to build a stronger Made-in-India energy storage ecosystem.
Commenting on his expanded role, Chirag Patel, Executive Director, CEO, and Board Member of Solaryaan, said, “Solaryaan has entered an exciting phase of its journey, and my expanded role comes at a time when the company is transforming its capabilities and preparing for the next stage of growth. Our focus will be on building scale, strengthening our technology portfolio, investing in energy storage and creating a stronger organisation that can contribute meaningfully to India’s clean energy transition.”
The leadership elevation comes as Solaryaan also prepares for its longer-term growth and potential IPO journey. The company said strengthening its leadership, manufacturing capabilities and product portfolio will be key as India’s solar and energy storage markets continue to expand.
Under its Solaryaan 2.0 strategy, the company is looking to move beyond conventional solar inverters towards integrated energy solutions spanning solar generation, hybrid systems, battery storage and energy management. It also aims to expand its EPC and channel ecosystem and build capabilities to support the growing adoption of distributed renewable energy in India
