MAM
Avaada Electro appoints Kaushal Shah as chief financial officer
MUMBAI: Avaada Electro, the solar PV manufacturing arm of Avaada Group and one of India’s fastest-growing green tech enterprises, has announced the appointment of Kaushal Shah as its chief financial officer.
A finance veteran with over three decades of experience, Shah brings with him a strong background in capital markets, treasury operations, mergers & acquisitions, investor relations, risk governance, and strategic financial planning. A Chartered Accountant (1993) with a PGDM in Information Systems Audit, he has held senior leadership positions across manufacturing and IT sectors, spearheading large teams and guiding organizations through high-growth phases and financial transformations.
This strategic appointment comes as Avaada Electro embarks on its next phase of growth, marked by capacity expansion, increased R&D investments, and deeper integration of solar manufacturing to meet both domestic energy needs and global sustainability goals.
Welcoming Shah, Avaada Group chairman Vineet Mittal 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.”
As CFO, he will lead the company’s financial strategy, stakeholder engagement, capital allocation, and governance frameworks, while supporting innovation-led expansion across solar PV and allied technologies.
Avaada Electro is currently focused on pushing the boundaries of solar technology—working to enhance solar cell efficiencies beyond 25.5 per cent and increase module power output from 720 Wp to 800 Wp, in line with global performance standards. These advancements are central to the Avaada Group’s broader ambition of deploying 50 GW of renewable energy capacity by 2035.
Commenting on his appointment, 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.”
Brands
Hyundai Venue crosses 1 lakh bookings, adds HX8 Diesel AT variant
New top-spec automatic diesel trim brings ventilated seats, OTA updates and paddle shifters.
MUMBAI: Hyundai Venue just hit the jackpot and upgraded the prize because when you cross 1 lakh bookings, you don’t just celebrate, you throw in paddle shifters and ventilated seats for the ride. Hyundai Motor India Limited (HMIL) announced that the all-new Hyundai Venue has achieved 1 lakh bookings, cementing its strong position in the compact SUV segment. To mark the milestone and further enhance customer choice, the company introduced the new HX8 Diesel Automatic (AT) variant.
The HX8 Diesel AT is powered by the proven U2 1.5L CRDi diesel engine paired with a 6-speed automatic transmission. It adds a host of premium comfort, safety and convenience features, including:
- Ventilated front seats
- Dual-tone leatherette seats with VENUE branding
- Electric 4-way driver seat adjust
- Controller Over-the-Air (OTA) updates
- Hyundai Bluelink connected car technology
- Electric parking brake with auto hold
- Rear disc brakes
- Ambient lighting on crash pad and central console
- Drive mode select (Eco, Normal, Sport)
- Traction control modes (Sand, Mud, Snow)
- Paddle shifters
HMIL, managing director & CEO Tarun Garg said, “We are delighted that the new Hyundai Venue has crossed 1 lakh bookings, reaffirming the strong trust Indian customers place in our brand. The introduction of the new HX8 Diesel Automatic variant further strengthens the Venue lineup, offering customers the perfect blend of diesel efficiency, torque-rich performance and effortless convenience.”
Backed by Hyundai’s extensive sales and service network, the Venue continues to appeal to buyers seeking a feature-rich, comfortable and future-ready compact SUV. The new variant reinforces HMIL’s focus on delivering advanced technology, safety, comfort and value while adapting to evolving customer preferences.
In a segment where bookings are the real horsepower, Hyundai isn’t just counting milestones, it’s handing drivers an automatic upgrade that makes every journey feel like the victory lap.
