Avaada Electro Manufactures solar PV modules and cells. We are among the top 10 vertically integrated solar photovoltaic (“PV”) manufacturers (cell and equivalent modules) in India based on operational solar cell and module capacity as of July 31, 2026. (Source: CRISIL Report) We operate in the renewable energy sector and specialize in production of the solar cells and solar modules.
Avaada Electro, a wholly-owned subsidiary of Avaada Ventures Private Limited”, specializes in advanced solar PV module & cell production. Our state-of-the-art facilities include a an advanced fully operational unit in Dadri, Uttar Pradesh which has an annual production capacity of 1.50 GW for bifacial glass-to-glass TOPCon solar modules and our principal integrated facility in Nagpur, Maharashtra which has a fully operational annual solar module production capacity of 7.00 GW for bifacial glass-to-glass TOPCon solar modules, delivering benchmarked solutions for utility-scale, commercial & residential projects. We are developing export capabilities to tap into global markets, where demand for reliable solar modules continues to accelerate.
Solar Module Production Capacity (Operational)
8.50 GW module operational and 8.5 GW module operational and 5.1 GW module will be operational by Fiscal 2027
of operational TOPCon solar cell manufacturing capacity. We expect to increase our solar module capacity to solar cell capacity to 12.00 GW by Fiscal 2028.
As of March 31, 2026, we employed 1,659 full-time employees.
At Avaada Electro, our mission, vision, and impact shape our role in the clean energy revolution. We intend to sustain our position in the Indian solar manufacturing sector by maintaining a comprehensive and forward-looking technology strategy. Our approach combines being an early adopter of proven innovations, systematic upgrades in solar cell technologies and a disciplined technology roadmap that enables timely expansion of our product portfolio and alignment with global best practices.
To enlighten, empower and energise every community, socially and economically, to realise their highest potential.
Our objective is to achieve 30 GW of installed Renewable Energy capacity, with a USD 20 billion asset base by 2030, thereby positively impacting 1 million lives. We aim to accomplish this by setting up Green Hydrogen and Green Ammonia capacities, to help India reduce its carbon emissions. Additionally, we plan to establish a Solar Manufacturing unit to achieve self-sufficiency in the Renewable Energy sector.
From a single line at Dadri to an integrated gigafactory at Nagpur, in just a few years.
Our experienced management team brings expertise in manufacturing, technology, operations and supply chain management, and has a strong track record of ability to scale industrial/infrastructure projects. Several of our senior management personnel have previously held senior roles within the Avaada group, having played a role in developing and operationalising the Avaada group’s solar capacity.
We are committed to achieving gender diversity across our operations. Our Nagpur Facility has set a target to operate with a balanced workforce, setting new benchmarks for gender inclusion in Indian manufacturing.
Through the Avaada Foundation, we implement programs focused on environment, education, health, skill development, and women’s empowerment in the regions surrounding our plants. At our Nagpur Facility and Dadri Facility, we have facilitated job creation and strengthened local supply chains—amplifying socio-economic development.
Chairman & Whole-time Director
Whole-time Director
Chief Financial Officer
Company Secretary & Compliance Officer
Factory Manager - Dadri
Vice President – Sales & Marketing
Head – Information Technology
Head – Manufacturing Cell and Research & Development
Assistant Vice President - Procurement
Leadership in Performance’ – Module Manufacturing.
Certificate of excellence for outstanding contribution and participation in the Renewable Restart Energy India Exhibition 2025.
Certificate of excellence for outstanding contribution and participation in the Renewable Restart Energy India Exhibition 2025
Every module is built and tested to the standards that global projects demand.
We are also committed to integrating Environmental, Social, and Governance (“ESG”) principles across all aspects of our solar module and solar cell manufacturing operations. We operate with a compliance-first mindset while pursuing transformative sustainability goals. Our ESG strategy is designed not only to reduce our environmental footprint but also to create lasting value for stakeholders and society.
Implementing energy-efficient processes and water conservation technologies.
Investing in reforestation, carbon reduction, and responsible manufacturing.
Talk to our team about modules, cells and integrated solar solutions built in India, engineered to international standards.
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.
Kaushal Gautambhai Shah is the Chief Financial Officer – CFO’s Office of our Company. He has been associated with our Company since July 1, 2025. He has received a bachelor’s degree in commerce from H.L. Commerce College, Gujarat University in 1988. He was also admitted as an associate of the Institute of Chartered Accountants of India (“ICAI”) in 1993 and has completed the post qualification course in information systems audit conducted by the ICAI. He has over 19 years of experience in the renewable energy sector. He has previously been associated as senior vice president at Adani New Industries Limited and chief financial officer at Adani Green Energy Limited and Adani Transmission Limited. He was awarded as a ‘Performer in simulation activity – Northstar 1.0’ by Adani Northstar in association with Harvard Business Publishing – Corporate Learning. He was not paid any remuneration in Fiscal 2025 as he was appointed as an employee of our Company in the current Fiscal.
Surendra Gupta is the Company Secretary and Compliance Officer of our Company. He has been associated with our Company since September 8, 2025 as Senior General Manager – Secretarial & Compliance and since September 30, 2025 as the Company Secretary and Compliance Officer of our Company. He has received a bachelor’s degree in commerce from University of Calcutta in 1997, a master’s degree in business laws from National Law School of India University in 2013 and a post graduate diploma in business management (finance) from SVKM’s NMIMS in 2023, and has also passed the examination for bachelor of laws course from Magadh University in 2014. He is an associate member and fellow of the Institute of Company Secretaries of India. He has over 17 years of experience in legal, compliance and secretarial functions. He has previously been associated with Senco Gold Limited, Jupiter International Limited, and Jindal India Power Limited. He was not paid any remuneration in Fiscal 2025 as he was appointed as an employee of our Company in the current Fiscal.
Nagendra Srivastav is the Factory Manager – Dadri of our Company. He has been associated with our Company since December 26, 2023. He has received a diploma in mechanical engineering from Hewett Polytechnic, Mahanagar, Lucknow in 1988. He has approximately 30 years of experience in renewable energy sector. He has previously been associated with Lanco Solar Private Limited, Maharishi Solar Technology Private Limited, Waaree Energies Limited and Kosol Energie Private Limited among others. In Fiscal 2025, he received a remuneration of ₹ 2.05 million.
Jai Krishna Tiwari is the Vice President – Sales & Marketing of our Company. He has been associated with our Company since August 18, 2025. He has received a bachelor’s degree in electrical engineering from Visvesvaraya National Institute of Technology in 2004, and a post graduate diploma in computer aided management from Indian Institute of Management, Calcutta in 2008. He has approximately 15 years of experience. He has previously been associated with KPMG Advisory Services Limited, BG Explorations and Production India Limited, BP India Services Private Limited and IHS Global Private Limited among others. He was not paid remuneration in Fiscal 2025 as he was appointed as an employee of our Company in the current Fiscal.
Navneet Shaunak is the Head – Information Technology of our Company. He has been associated with Avaada Energy Private Limited since May 6, 2025 and our Company since September 1, 2025. He has passed the examination for bachelor’s course in engineering from University of Rajasthan in 2008, and a post graduate diploma in telecommunication from Balaji Institute of Telecom and Management, Pune in 2012. He has over 8 years of experience in the field of operations and IT infrastructure. He has previously been associated with Deloitte Touche Tohmatsu India LLP, Tulip Telecom Limited, ONGC Tripura Power Company Limited, National Institute of Smart Government, mGage India Private Limited and KPMG Advisory Services LLP among others. He was not paid remuneration in Fiscal 2025 as he was appointed as an employee of our Company in the current Fiscal.
Anupam Sharma is the Head – Manufacturing Cell and Research & Development of our Company. He has been associated with Avaada Energy Private Limited since May 30, 2022 and our Company since April 1, 2023. He has received a bachelor’s degree in science (physics) from University of Delhi in 1987, and a master’s degree in science (physics) from University of Delhi in 1990. He has approximately 31 years of experience in renewable energy sector. He has previously been associated with Central Electronics Engineering Research Institute, Moser Baer Solar Limited, Websol Energy System Limited, Continental Device India Limited and Usha (India) Limited among others. In Fiscal 2025, he received a remuneration of ₹ 4.30 million.
Vishal Mittal is the Assistant Vice President – Procurement of our Company. He has been associated with Avaada Energy Private Limited since February 3, 2025 and our Company since September 1, 2025. He has received a bachelor’s degree in technology from Himachal Pradesh University in 1997, and has passed the post graduate diploma in materials management from Annamalai University in 2004. He has approximately 11 years of experience in various managerial and supply chain management roles. He has previously been associated with Aarti Yarnfab Private Limited, Euler Motors Private Limited, Exide Leclanche Energy Private Limited and Indus Towers Limited among others. He was not paid remuneration in Fiscal 2025 as he was appointed as an employee of our Company in the current Fiscal.
