Avaada Electro Limited (Formerly ‘Avaada Electro Private Limited’)
Avaada Electro Limited, a wholly owned subsidiary of Avaada Group, is one of India’s leading producers of high-efficiency, globally certified N-Type TOPCon solar PV modules. Its Nagpur super factory is India’s largest upcoming integrated solar manufacturing campus, bringing the entire value chain ranging from modules, cells, ingots, and wafers under one roof. Equipped with AI-enabled production lines and a 16-second Takt time, the facility ensures precision and scalability. With 8.5 GW capacity, 23.61% module efficiency, 7.56% market share and BIS, TÜV Rheinland certifications, it is driving India’s renewable manufacturing self-reliance and global solar leadership.
C-11, Sector-65,
Gautam Buddha Nagar,
Noida, UP-201301
406, 4th Floor, Solaris One,
N. S. Phadke Marg,
Andheri (East),
Mumbai - 400069
April 27, 2021
U31905UP2021PLC145680
INE0KDM01018 (OLD), INE0KDM01026
Mr. Surendra Gupta ,
Company Secretary
406, 4th Floor, Solaris One,
N. S. Phadke Marg,
Andheri (East),
Mumbai – 400069
Phone: 02261408000
Email: surendra.gupta@avaada.com
MUFG Intime India Private Limited
(Formerly Link Intime India Private Limited)
C 101, Embassy 247,
L B S Marg,Vikhroli (West), Mumbai,400083
Phone: +91 022 49186000
Email: Investor.helpdesk@in.mpms.mufg.com
Mr. Surendra Gupta ,
Company Secretary
406, 4th Floor, Solaris One,
N. S. Phadke Marg,
Andheri (East),
Mumbai – 400069
Phone: 02261408079
Email: surendra.gupta@avaada.com
MUFG Intime India Private Limited
(Formerly Link Intime India Private Limited) C 101, Embassy 247,
L B S Marg,Vikhroli (West), Mumbai,400083
Phone: +91 022 49186000
Email: Investor.helpdesk@in.mpms.mufg.com
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Vineet Mittal, one of our Promoters, is the Chairman and Whole-time Director on the Board of our Company. He holds a bachelor’s degree in technology (electronics and communication engineering) from Regional Engineering College, Hamirpur in 1996, and passed the bachelor’s degree in science from the University of Calcutta in 1992, and has completed the 37th session of the owner president management program from the Harvard Business School in 2008. He has approximately 28 years of experience in the energy sector. He has previously served as the managing director of Stream International Services Private Limited, and the senior engineer with Videsh Sanchar Nigam Limited. He is currently also associated with Avaada Energy Private Limited, and Avaada Ventures Private Limited among others.
Sindoor Vineet Mittal, one of our Promoters, is the Vice-Chairperson and a Non-Independent Non-Executive Director on the Board of our Company. She holds a bachelor’s degree in management studies from University of Bombay, and has completed a post graduate programme in management from Indian School of Business, Hyderabad in 2005. She has also completed the executive program from Graduate School of Business, Stanford University. She has approximately 18 years of experience in the energy sector. She has previously served as the whole-time director with Welspun Energy Private Limited, and has handled functions such as execution of projects involving setting up of solar power plants. She has been awarded the Young Asian Entrepreneurs in 2019-20 by AsiaOne. She is currently also associated with Avaada Energy Private Limited, Avaada Foundation, Avaada Ventures Private Limited among others.
Vinoo George, is a Whole-time Director of our Company. He has received bachelor’s degree in mechanical engineering from the University of Madras in 1977. He is responsible for providing strategic direction, operational efficiency, quality management technology integration and overall capacity management in our Company. He has been associated with the Avaada group in various capacities since 2011. He has over 40 years of experience in the manufacturing sector. He has previously been associated with BHEL and Reliance Infrastructure Limited.
Rajnish Kumar is an Independent Director on the Board of our Company. He has received a master’s degree in physics from the Meerut University in 1979. He was a member of the central board of State Bank of India and also served as the chairman of State Bank of India (“SBI”). Previously, he served as the managing director (national banking group) and managing director (compliance & risk) in SBI and was also the chief general manager of the north-eastern circle of SBI. He has held several key assignments across various business verticals of State Bank of India, including the mid-corporate group, project finance, and two overseas assignments of SBI in Canada and U.K. Further, he was also the managing director and chief executive officer of SBICAP. He joined SBI as a probationary officer in 1980 and has over 40 years of experience in the banking industry.
Diana Miller is an Independent Director on the Board of our Company. She has received a diploma in marketing from the Auckland Technical Institute in 1989. She has approximately 14 years of experience in the information management sector. She was previously associated with McKinsey & Company as senior information specialist, Ecology and Co. as the chief executive officer, and Infowavz International Private Limited as head-training.
Subhash Kamath is an Independent Director on the Board of our Company. He has passed the examination for bachelor’s degree in commerce from the University of Calcutta in 1985. He has approximately 15 years of work experience. He has previously served as a member and subsequently, chairman on the Board of Governors of The Advertising Standards Council of India, executive director and group chief executive director of Bates India Private Limited, and chief executive officer of BBH Communications India Private Limited and has handled functions including promotion of responsible advertising in India.
