Vikram Solar, one of India’s leading module manufacturers and comprehensive EPC solar solutions provider, has announced the appointment of Mr. Ivan Saha as the new Chief Executive Officer (CEO) of the company. Mr. Saha’s appointment is aligned to the company’s strategic expansion plans and sustainable business development.
Mr Ivan Saha holds a Bachelor’s degree in Science (ceramic technology) from the University of Calcutta, and a Master’s degree in Technology (materials science) from the Indian Institute of Technology (IIT), Kanpur. Prior to joining our Company, he was associated with ReNew Power Private Limited as Chief Technology Officer (CTO). He has experience in technology and operations roles across organisations such as the IIT Kanpur, Indian Space Research Organisation (ISRO) and Moser Baer Photo Voltaic Limited. He had also previously worked at Vikram Solar between 2013 – 2020 as the President and Chief Technical Officer (CTO).
Speaking about the CEO’s appointment, Mr Gyanesh Chaudhary, Vice Chairman and Managing Director, Vikram Solar said, “I am extremely happy to welcome him back. Ivan’s extensive hands-on experience has earned him a unique perspective in the solar sector.
We believe the Indian solar industry is at an inflection point with favourable government policies to boost domestic manufacturing. We look forward to a period of immense opportunities and growth both in the domestic and international solar energy markets. With Ivan’s strong track record, business and technical knowledge, and in-depth experience in renewable energy sector, Vikram Solar will immensely benefit under his leadership in our next phase of expansion.”
Mr Ivan Saha, Chief Executive Officer, Vikram Solar, shared “I am excited to re-join and build on Vikram Solar’s rich legacy of innovation and technology to set new benchmarks. It will be my special endeavour to maintain market leadership through strategic expansion in solar PV manufacturing, and further expand in international markets. While doing so, we will continue to focus on developing new and innovative products and services, and aim to achieve cost leadership. It goes without saying that Vikram Solar will enhance its commitment to society and build a sustainable business along the way.”
About Vikram Solar:
Vikram Solar Limited is one of the leading solar energy solutions provider, specializing in efficient photovoltaic (PV) module manufacturing and comprehensive EPC solutions, with an international presence across 32 countries, portfolio of 1.42 GW EPC projects (commissioned + under execution) and 1,899 employees. Headquartered in Kolkata, West Bengal, it is one of the largest PV module manufacturer in India with cumulative production capacity of 2.5 GW* (inclusive of trial production i.e. which is not yet commercially available). Vikram Solar is a ‘Top Performer’ in PVEL’s PV module reliability scorecard and has been included in the Tier 1 solar PV modules manufacturer list of BloombergNEF. Vikram Solar deploys technology to design, install and commission solar projects. The company has a distribution network connecting more than 40 cities, ensuring the availability of solar products and solutions across 600+ locations in India*. Website: www.vikramsolar.com *as on 31st December 2021
For further information, please contact:
Asha Bajpai| Vikram Solar | Mobile: +91 98207 83566 | Email: press@vikramsolar.com
Disclaimer: Vikram Solar Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, JM Financial Limited at https://www.jmfl.com/ and Kotak Mahindra Capital Company Limited at https://investmentbank.kotak.com, and the websites of the stock exchanges at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.