Avaada Electro, the solar PV manufacturing division of Avaada Group and one of India’s fastest-growing green technology companies, has announced the appointment of Kaushal Shah as its Chief Financial Officer.
Kaushal Shah brings over 30 years of experience in finance, with deep expertise across capital markets, treasury operations, mergers and acquisitions, investor relations, risk governance, and financial planning. A Chartered Accountant since 1993, with a postgraduate diploma in Information Systems Audit, he has played a key role in driving financial transformations and growth strategies for companies across manufacturing and information technology sectors.
Before joining Avaada Electro, he held senior leadership roles where he led large teams, managed strategic financial transactions, and implemented scalable financial systems to support business growth.
His appointment comes at a critical phase for Avaada Electro, as the company increases its manufacturing capacity, invests in research and development, and strengthens its integrated solar PV production to meet rising domestic demand and support global climate commitments.
Welcoming him to the leadership team, 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, Kaushal Shah will oversee the company’s financial strategy, capital allocation, stakeholder engagement, and compliance efforts, while supporting its innovation-led growth across solar PV and related technologies.
Commenting on his new role, 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.”
Avaada Electro is currently working to enhance solar cell efficiency beyond 25.5 percent and raise power output from 720 Wp to 800 Wp, aligning with global benchmarks. The company plays a key role in the Avaada Group’s target of deploying 50 GW of renewable energy capacity by 2035.
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