Gensol Engineering Limited, a renowned player in the renewable energy and solar power EPC services industry, has appointed Ankit Jain as its new Chief Financial Officer (CFO). The announcement was made on October 07, 2024, marking a strategic move by Gensol to strengthen its financial leadership and enhance corporate governance as the company navigates its growth trajectory in the solar and electric vehicle (EV) sectors. Jain will succeed Jabir Mahendi Aga, who is moving into a new leadership role within the Gensol Group.

Ankit Jain brings over two decades of experience in key finance roles across industries, specializing in fundraising, M&A, investor relations, auditing, and taxation. His professional journey includes leadership positions at Zetwerk India, Baker Hughes, Philips Lighting, GE Oil & Gas, and KPMG. Jain holds a Master’s degree from The Institute of Chartered Accountants of India and is well-regarded for his financial expertise and strategic thinking. His vast experience is expected to support Gensol’s mission to lead the transition to clean energy.

Speaking on Jain’s appointment, Anmol Singh Jaggi, Chairman and Managing Director of Gensol Engineering Limited, expressed confidence in his leadership, stating, “We are delighted to welcome Ankit to the Gensol team. His extensive experience in finance and strategic financial initiatives will be invaluable as we continue to drive innovation and lead the energy transition. I look forward to working closely with Ankit to steer Gensol towards new milestones.”

Ankit Jain also shared his enthusiasm for the role, remarking, “I am honored to join Gensol Engineering as CFO and contribute to the company’s remarkable journey in renewable energy. My focus will be on enhancing financial strategies, supporting corporate growth, and ensuring sustainable development in the dynamic energy landscape.”

Gensol Engineering Limited, established in 2012, is a key player in solar power engineering, procurement, and construction (EPC) services. The company has successfully executed over 770 MW of solar projects across various states in India, making it one of the top 10 EPC players in the country. Gensol’s capabilities extend beyond solar power with ventures into electric vehicle (EV) manufacturing and EV leasing solutions, positioning it as a versatile leader in the energy space.

In September 2023, Gensol acquired Scorpius Trackers, a leading provider of single-axis solar tracking solutions, enhancing its offerings in the renewable energy sector. Additionally, the company’s state-of-the-art EV manufacturing facility in Chakan, Pune, has the capacity to produce 30,000 vehicles annually, contributing to India’s EV revolution.

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With a focus on driving sustainable growth, Gensol Engineering is also making strides in Battery Energy Storage Systems (BESS) and is involved in developing Green Hydrogen Production Infrastructure on a turnkey basis. Gensol’s comprehensive solutions in renewable energy and EV sectors underline its commitment to supporting the global transition to clean energy.

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By enhancing its leadership team with Ankit Jain, Gensol aims to consolidate its position as a pioneer in renewable energy and EV manufacturing. His appointment is seen as a crucial step toward executing Gensol’s strategic vision, focusing on corporate governance, financial stability, and innovation in the renewable energy domain.

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Gensol Engineering continues to be a powerhouse in the renewable energy sector, committed to innovation, sustainability, and delivering long-term value to its shareholders and clients.