Vikram Solar promotes Parakh to COO

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Kolkata-headquartered Vikram Solar, one of India’s leading module manufacturers and comprehensive EPC solar solutions provider, has appointed Rajendra Kumar Parakh as chief operating officer (COO) for the engineering, procurement and construction (EPC) division. 

Parakh has been associated with Vikram Solar since 2017 as the chief financial officer (CFO). He has been at the helm of driving several strategic and financial planning initiatives at Vikram Solar.

Gyanesh Chaudhary, vice chairman and managing director, Vikram Solar, said, “Parakh has led the organization as the CFO and has a complete overview of our global operations, projects, business development, Research & Development (R&D). He has an exceptional leadership track record. The solar sector is at an inflection point with the government’s policy impetus and the demand surge for solar globally to accelerate the clean energy transition. At this juncture, we will immensely benefit from Parakh’s deep industry knowledge to further strengthen our track record and leadership in solar EPC, which significantly contributes to our overall revenues.” 

Parakh is a rank-holder chartered accountant (CA) from the Institute of Chartered Accountants of India and Senior Management Programme (SMP) graduate from the Indian Institute of Management Calcutta (IIMC). He has diverse experience spanning many decades in cross-functional and leadership roles across manufacturing, mining, industrial engineering, iron and steel, and polymer industry. He has extensive expertise in financial reporting & structuring, strategic planning, corporate governance and risk management, export & import functions, and procurement.

Commenting on his appointment,Parakh said, “I am honored to take on the new role and very eager to contribute to the organization’s growth. I am looking forward to working with our clients to enable their green energy goals and further augment our EPC capabilities and portfolio.”

Vikram Solar is one of India’s largest PV module manufacturers with a cumulative production capacity of 2.5 GW as of December 31, 2021. As an EPC player, it has executed more than 300 projects of cumulative 1.44GW capacity. 

 

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