Alpex Solar Ltd , a leading manufacturer of high-precision solar PV modules and systems, has announced the appointment of Ms. Udaya Sehgal as Chief Financial Officer (CFO) and Key Managerial Personnel. She succeeds Mr. Amit Ghai, who has resigned due to personal reasons. The company also welcomed Mr. L.K. Dhamija, a seasoned banking professional with over four decades of experience, to its leadership team.
A finance professional with global exposure, Ms. Sehgal holds degrees from King’s College London and Imperial College London. She brings extensive experience from her previous roles as Manager at ByteDance (TikTok’s parent company) and Senior Executive at HT Media Ltd. Her expertise in strategic financial management, operations, and cross-functional leadership will be pivotal in driving Alpex Solar’s financial strategy as the company expands its manufacturing and market presence.
Mr. L.K. Dhamija, a veteran of State Bank of India, HDFC Bank, and IndusInd Bank, specializes in wholesale banking, risk assessment, and business development. An MBA in Finance from FMS, Delhi, and an Associate Member of ICSI, he is renowned for his strategic acumen and forward-thinking approach, making him a valuable asset to Alpex Solar’s growth journey.
Mr. Ashwani Sehgal, Managing Director of Alpex Solar Ltd. said, “The organisational changes reflect our commitment to building a future-ready leadership bench. We welcome Ms Sehgal and Mr. Dhamija whose combined experience and insight will further fortify our financial strategy and governance as we enter a critical growth phase.”
The appointments were approved by the Board of Directors in their recent meeting earlier this month, aligning with Alpex Solar’s strategic vision to bolster its leadership amid rapid expansion. The Board also acknowledged the contributions of outgoing CFO Mr. Amit Ghai and expressed gratitude for his service.
These changes come as Alpex Solar undertakes a large-scale capacity expansion, reinforcing its presence in both domestic and international solar markets.
ABOUT ALPEX SOLAR LIMITED (INE0R4701017)
Alpex Solar was incorporated in 1993 by first-generation entrepreneurs Ashwani Sehgal, Monica Sehgal, and Vipin Sehgal, which manufactures PV modules using monocrystalline and polycrystalline cell technologies. Its product portfolio comprises Topcon, bifacial, mono-perc, and Halfcut solar PV modules. It also offers comprehensive solar energy solutions, including engineering, procurement, and construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories. The Greater Noida-based company also serves as a contract manufacturer for several large companies, such as Jakson and Tata Power. Its solar panels are delivered with a specific focus on EPC companies such as Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, HAREDA, PEDA and many more.
The company ventured into solar panel manufacturing in 2007, establishing a cutting-edge facility spanning 150,000 sq. ft. in Greater Noida. With a current capacity of 1.2 GW, this is set to expand to 2.4 GW. In the current financial year, the company will also begin commercial production of the first phase of 500 MW of solar cell out of the total project of 1.6 GW, also the aluminium frame of 12000 MT per year will also come into production in the current financial year. Owing to its R&D prowess, manufacturing excellence and a deep talent pool, the company has emerged among the preferred suppliers of PV panels. The company has 350+ employees – including celebrated professionals from within and beyond the solar sector, and experience. The company was listed on NSE Emerge in February 2024.
