Avaada Electro, the solar photovoltaic (PV) manufacturing division of Avaada Group, has appointed Kaushal Shah as its Chief Financial Officer. Shah brings over three decades of experience in finance, covering capital markets, treasury, investor relations, M&A, and financial governance.
A Chartered Accountant since 1993, Shah also holds a postgraduate diploma in Information Systems Audit. His previous roles have spanned leadership positions across manufacturing and IT sectors, where he led strategic deals, built financial systems, and oversaw large teams through phases of growth and transformation. His appointment comes at a time when Avaada Electro is expanding its solar PV manufacturing capacity and investing in R&D to meet growing demand in India and global markets.
“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,” said Vineet Mittal, Chairman of Avaada Group. “His financial acumen, strategic vision, and values-based leadership will be instrumental as Avaada Electro scales new heights in clean technology and sustainability.”
As CFO, Shah will oversee financial strategy, stakeholder engagement, and capital allocation for Avaada Electro. He will also support initiatives aimed at improving solar cell efficiency and boosting output, in line with the company’s wider green manufacturing roadmap. Avaada Group has set a target to deploy 50 GW of renewable energy by 2035.
“Joining Avaada Electro is not just a professional milestone — it is a mission aligned with my values,” Shah said. “I look forward to building a strong financial foundation that powers innovation and impact.”
