Vikram Solar, a leading Indian solar manufacturing and energy solutions provider, has appointed Sameer Nagpal as its new Chief Executive Officer (CEO), effective immediately. Nagpal brings over 30 years of leadership experience across various industries, including Livguard Energy Technologies, Dalmia Bharat Group, and others. His appointment is a significant step as Vikram Solar aims to deepen backward integration and enhance its manufacturing capabilities in the global renewable energy sector.
Nagpal’s leadership is expected to accelerate Vikram Solar’s strategic vision, which includes an ambitious growth roadmap to become a fully integrated energy solutions provider. The company targets 15.5 GW of module manufacturing capacity and 12 GW of cell manufacturing capacity through backward integration. Additionally, Vikram Solar plans to expand into energy storage with 5 GWh BESS module manufacturing and 7.5 GWh battery cell manufacturing, with potential for further scalability.
Gyanesh Chaudhary, Chairman & Managing Director of Vikram Solar, emphasised the importance of scale, integration, and agility in the energy transition. He noted that Nagpal’s combination of transformation-led thinking and execution excellence would be crucial for the company as it evolves into a more integrated and competitive organisation. Chaudhary expressed confidence that Nagpal’s leadership would strengthen the company’s capabilities and help reimagine sustainable value creation in the dynamic energy landscape.
On his appointment, Nagpal expressed enthusiasm about joining Vikram Solar during a pivotal time in the global energy landscape. He highlighted the company’s strong platform for participating in the energy transition and outlined plans to strengthen market position, expand global footprint, and enhance integrated capabilities to meet evolving customer and market needs.
Nagpal succeeds Krishna Kumar Maskara, who served as Interim CEO and played a key role in the company’s growth phase, including its successful public listing in August 2025. Maskara will now take on the roles of Chief Operating Officer (COO) and Chief Risk Officer (CRO), focusing on operational excellence and enterprise risk management.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by News Desk before publication.