One of India’s fastest-growing green tech enterprises, Avaada Electro, the solar PV manufacturing arm of the Avaada Group, announced today that Kaushal Shah has been appointed as its Chief Financial Officer.
Kaushal Shah is a seasoned finance leader with more than thirty years of varied experience. He brings extensive knowledge of investor relations, risk management, M&A, capital markets, treasury operations, and financial planning.
As a 1993 chartered accountant with a postgraduate degree in information systems audit, he has crafted a stellar career leading companies through complex financial transitions and rapid expansion.
Kaushal Shah had top leadership positions in industries such as manufacturing and information technology before joining Avaada Electro. In these positions, he oversaw sizable teams, carried out calculated transactions, and put in place scalable financial systems.
As Avaada Electro speeds up capacity development, R&D investments, and integrated solar production to fulfill both domestic demand and global climate targets, this leadership change coincides with a critical period for the company.
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.
Leadership Comments
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.”
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.”
