Himanshu Garg Appointed New Chief Financial Officer of Solarium

Solarium, a Gujarat-based company known for its expertise in solar energy solutions, has appointed Himanshu Garg as its new Chief Financial Officer (CFO). The company specializes in both residential and industrial solar system installations. Himanshu comes to Solarium after a successful tenure as Vice President at DeHaat, a leading Agritech platform, where he played a pivotal role in corporate development, focusing on areas like Investor Relations, M&A, Business Finance, and FP&A.

The appointment comes as Solarium recently achieved a significant milestone by completing a successful SME listing on the Bombay Stock Exchange (BSE), raising Rs 105 crores during its IPO. This move is expected to position Solarium for accelerated growth as it seeks to expand its presence in the solar energy market.

Himanshu has a distinguished career across several prominent organizations, including DeHaat, Healthkart, Clarks, and Ernst & Young. His experience spans a wide range of financial functions, including Business Finance, Strategy, Investor Relations, FP&A, and M&A. Notably, during his time at Clarks, he contributed to growing the company into a Rs 150+ Crore entity, while at Healthkart and DeHaat, he helped scale them from INR 300 Cr to INR 600 Cr+ and INR 1300 Cr to INR 3000 Cr+ respectively.

In addition, Himanshu has raised over Rs 800 Cr in funding, executed M&A deals worth over INR 150 Cr, and worked on optimizing P&L through strategic cross-functional integrations. An accomplished Chartered Accountant, Himanshu also holds a diploma in Information Systems Audit and an International Tax certification. He graduated from Kirori Mal College, Delhi University.

With Solarium’s recent stock market listing and a newly expanded set of stakeholders, Himanshu’s leadership will be key to leveraging the fresh funding to drive further growth. In FY 24, Solarium achieved revenues of Rs 178 Crores, with a profit after tax of approximately Rs 16 Crores.

The company has built a strong reputation in the residential rooftop market, while also making strides in the C&I (Commercial & Industrial) sector and entering government-backed projects as an EPC supplier.

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