Vikram Solar appoints Saibaba Vutukuri as new CEO

2/6/20, 2:01 PM -

Gyanesh Chaudhary will remain as MD and focus his energies on diversification, new ventures and key corporate initiatives.

Vikram Solar appoints Saibaba Vutukuri as new CEO
Saibaba Vutukuri has more than 20 years spent in the wind and solar sector.

Vikram Solar, one of India’s leading module manufacturers and a prominent EPC & rooftop solar solutions provider, has announced the appointment of renewable energy sector veteran, Saibaba Vutukuri, as the new Chief Executive Officer (CEO) of the company. This announcement comes at an important juncture, marking the next phase of growth at Vikram Solar.

Gyanesh Chaudhary will retain his position as the Managing Director of the company. With Vutukuri’s appointment, Mr Chaudhary will take on a more strategic role involving portfolio diversification, key strategic initiatives and future ventures.

Also holds other important positions

Saibaba Vutukuri, a post-graduate in International Business (MBA) from Copenhagen Business School, has over three decades of industry experience, with more than 20 years spent in the wind and solar sector. Besides serving as the President and CEO of the BSE-listed Inox Wind Ltd in his last assignment, Mr Vutukuri has previously held leadership positions in several organisations including Business Head/Chief Executive, India Business (South and East) and South East Asia markets at Suzlon Energy Ltd, as well as other leadership roles.

Speaking about Mr Vutukuri’s appointment, Gyanesh Chaudhary said, “Sai’s knowledge and experience will be an extremely valuable asset to Vikram Solar. His wide experience in solar manufacturing, corporate affairs and international markets will help us to further strengthen our leadership position in the renewable sector. I will be supporting Sai in the transition process during the first half of the year to ensure a seamless experience for all our internal and external stakeholders.”

Mr Vutukuri also holds important positions in various industry bodies, including being the Chair of the wind energy group of the FICCI (Federation of Indian chamber of commerce and Industry) as well as being a member of the Renewable Energy Council at the FICCI and the BRICS working group of the BRICS council.

Continue to transform Vikram Solar

The newly appointed Chief Executive Officer of Vikram Solar, Mr Saibaba Vutukuri shared “I’m delighted to be joining Vikram Solar as the CEO at an exciting time for the business. It is a remarkable company with a long history of performance, creating innovative products. I’m looking forward to working with an exceptional group of leaders over the coming years to continue to transform Vikram Solar.”

He further added, “It is important to state that we, at Vikram Solar, are going to stay true to our DNA and will continue to make the best products in the industry.”

Under the leadership of Mr Gyanesh Chaudhary, Vikram Solar has become one of the largest solar module manufacturers in India in the last 14 years. Continuing as the Managing Director of Vikram Solar, his focus will be on future expansion, new business opportunities and growth plans including investments and major capex decisions among key business areas. (mfo)