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Kaushal Shah Joins Avaada Electro as CFO to Drive Financial Strategy and Green Growth

Avaada Electro, the solar PV manufacturing division of the Avaada Group, has appointed Kaushal Shah as its new Chief Financial Officer (CFO). Shah is a seasoned finance professional with over 30 years of experience in capital markets, mergers & acquisitions, treasury, investor relations, and risk governance. A Chartered Accountant (1993) with a PGDM in Information Systems Audit, Shah has worked across multiple sectors like manufacturing and IT, guiding businesses through complex financial growth and transformations.

This appointment comes at a key moment as Avaada Electro accelerates its solar manufacturing capacity, R&D investments, and innovation. Shah will oversee financial strategy, capital allocation, stakeholder engagement, and regulatory compliance, supporting Avaada’s growth in solar PV and clean technology solutions.

Vineet Mittal, Chairman of Avaada Group, described Shah’s appointment as a major step in building a world-class green manufacturing ecosystem. Avaada Electro is currently enhancing solar cell efficiency to above 25.5% and increasing module power output from 720 Wp to 800 Wp — aligning with global benchmarks. This supports Avaada Group’s goal of deploying 50 GW of renewable energy by 2035.

Shah expressed his commitment to Avaada’s purpose-driven vision and aims to build a strong financial foundation that powers innovation, sustainability, and long-term impact.