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.”
MUMBAI: In India’s fast-moving payments race, Visa has just swiped in a new leader. The company has named Suresh Sethi as its India country head, marking a key leadership shift as it sharpens its focus on digital payments growth in the market. Sethi steps into the role following his recent exit from Protean eGov Technologies, where he served as chief executive officer. He succeeds Sandeep Ghosh, who has moved on after more than four years at Visa to pursue an external opportunity.
The appointment comes at a time when Visa is doubling down on its expansion strategy across India and the wider region, deepening partnerships and accelerating adoption in an increasingly competitive digital payments ecosystem.
Sethi brings with him a broad, cross-market perspective shaped by decades of experience across corporate banking, retail financial services, mobile money and large-scale government technology initiatives. He began his career at Citigroup, where he spent 14 years working across India, Africa, South America and the United States, focusing on transaction banking services within the corporate bank.
His appointment signals a blend of institutional experience and market familiarity qualities that could prove critical as Visa navigates a landscape where fintech innovation, regulatory evolution and consumer adoption are all accelerating at once.
As digital payments in India continue to scale rapidly, the leadership change underscores a simple reality, in a market where every tap, scan and swipe counts, who leads the charge can matter just as much as the technology itself.
