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Mr. Vineet Mittal, a distinguished alumnus of Harvard Business School, is a serial entrepreneur known for his remarkable success in the fields of Information Technology (IT) services and Green Energy.
In 2010, Mr. Mittal founded Welspun Energy, which swiftly became a leading player in India’s renewable energy sector, boasting an impressive 1.2 GW of installed capacity. Thereafter, he strategically transferred ownership of the company to Tata Power in 2016, with a valuation of US $1.4 billion.
In his Unwavering commitment to clean energy, Mr. Mittal launched Avaada Energy in 2017, which later evolved into the Avaada Group , India’s leading integrated energy conglomerate. Its operations encompass Renewable Energy, Solar PV Manufacturing, Green Hydrogen & Its Derivatives like Green Ammonia, Green Methanol and Sustainable Aviation Fuel.
Avaada Energy, the flagship entity of Avaada Group, is India’s prominent renewable energy independent power producer (IPP). Within five years of its incorporation, it had amassed an impressive portfolio and set ambitious targets to reach 11 GW of capacity by 2026 and an 30 GW by 2030. The solar manufacturing division of Avaada Group is at the forefront of developing a large-scale integrated plant under the Production-Linked Incentive (PLI) scheme of the Indian government.
Ms. Sindoor Mittal, Vice Chairperson, Avaada Group, is at the forefront of the global shift towards renewable energy. She is a core member of the leadership team at Avaada Group, India’s leading energy transition company, championing the Net Zero Mission of the Government of India.
A graduate of Stanford Graduate School and ISB-Hyderabad, Ms. Mittal is dedicatedly working towards establishing a sustainable world for future generations, which is in sync with the green energy solutions advocated by Avaada.
Ms. Mittal’s role at Avaada focuses on strategy, leadership development and fundraising. Avaada has had a marquee list of investors like ADB, Proparco, Brookfield Renewable and the PTT Group from Thailand.
In her previous role as Director of Welspun Energy, Ms. Mittal drove the company’s green energy agenda and spearheaded its solar business. She played a vital role in raising equity for the company and successfully handled the sale of the organization’s ~1140 MW renewable portfolio to Tata Power.
Ms. Mittal actively participates in the company’s CSR initiatives, which prioritize the education of girls, implementation of environmentally friendly practices, and healthcare provision to the communities where Avaada operates. She relentlessly pursues the belief that India can speed up its growth by encouraging greater economic participation of women.
Ms. Mittal, a well-known name in the industry, frequently serves as a keynote speaker at prominent forums. She has addressed in events such as RE-INVEST, Economic Times’ Global Business Summit, IFC’s Climate Business Forum, among others. Ms. Mittal was conferred with the “Asia One Young Asian Entrepreneurs 2019-20” and the “Women Leader of the Year- 2018” award.
Ramesh Nair is a seasoned professional in the energy sector, boasting an unparalleled three- decade-long career marked by remarkable accomplishments in Solar Manufacturing, Supply Chain Solutions, and Hydrogen Solutions, consistently demonstrating exceptional expertise and a deep understanding of the industry.
Currently serving as the Chief Executive Officer of Avaada Group, Mr. Nair spearheads the solar manufacturing division, overseeing critical aspects such as cell manufacturing, module manufacturing, ingot manufacturing, and wafer manufacturing. His strategic vision and strong leadership have played a pivotal role in driving the company’s success and establishing it as a prominent player in the renewable energy space.
Prior to joining Avaada Group, Mr. Nair served as the CEO of Adani Solar, where he was instrumental in setting up a robust 1.2 GW cell and module manufacturing business and its ecosystem. Under his guidance, the capacity expanded significantly, to reach an impressive 3.5 GW by 2022. His exceptional skills in corporate governance have earned him a reputation for delivering consistent and sustainable growth.
Throughout his career, Mr. Nair has showcased his versatility and business acumen by serving as CEO and on the boards of esteemed organizations such as Jindal Stainless Limited, Bharat Aluminium Company (BALCO), and Sterlite Copper and MALCO. His contributions have been invaluable in shaping the strategic direction and enhancing the performance of these companies.
Mr. Nair holds a B.Tech (Hons) degree in Electrical Engineering from REC, Kurukshetra, and a PG Diploma in Financial Management from IGNOU School of Management Studies in 1997.
Mr. Vinoo George, a seasoned professional with over four decades of experience, heads the Manufacturing vertical as President at Avaada Group. His industry experience spans across diverse verticals like Manufacturing, Project Management, Sourcing, and International Business Development. He has been instrumental in the organization’s growth journey.
Mr. George is an unparalleled expert in building pipelines and developing large-scale projects and has been well-equipped in building strong relationships with vendors and suppliers, ensuring access to the best materials and technologies available.
He oversees all aspects of the manufacturing operation, including vendor selection, technology selection, manufacturing setup, product quality, supply chain, and material procurement. He has set high standards for sourcing and supply chain management, ensuring the timely commissioning of solar and wind projects.
Prior to joining Avaada Group, he was associated with BHEL and Reliance Infrastructure. He holds a mechanical engineering degree from Madras University.