Waaree Energies Limited has announced significant changes in its senior management team, effective March 21, 2026. The board of directors has approved the appointment of Mr. Jignesh Devchandbhai Rathod as the new Whole-Time Director and Chief Executive Officer (CEO) of the company. This decision follows the mutual agreement for the early departure of Mr. Amit Ashok Paithankar from the same position, effective March 20, 2026.
Mr. Jignesh Rathod, who has been with Waaree Energies since November 2007, will assume his new role after serving as CEO-Designate. His appointment is subject to shareholder approval and spans a term of five years. Mr. Rathod holds a bachelor’s degree in engineering from Gujarat University, a master’s degree in business administration for working executives from SVKM’s NMIMS, and a Doctorate in Business Administration from the Xavier Institute of Business Management Studies. He has been instrumental in overseeing the operational functions at the company’s factories.
In addition to the changes at the CEO level, Waaree Energies has also appointed Mr. Abhishek Pareek as the Chief Financial Officer (CFO) and Key Managerial Personnel, effective March 21, 2026. Mr. Pareek, who joined Waaree as the Finance Controller in 2017 and currently serves as the Group Head Finance, brings nearly 20 years of experience in corporate finance, treasury, mergers and acquisitions, capital markets, and financial planning and analysis. He has previously served as CFO of a large textile company and has managed multiple businesses as a Controller. Mr. Pareek is a Qualified Chartered Accountant, a B.Com graduate from Delhi University, and holds additional qualifications in Strategic Finance and Forex & Treasury Risk Management.
The board also noted the cessation of Ms. Sonal Shrivastava from her position as CFO, effective March 20, 2026, upon completion of her notice period.
Furthermore, the company has bolstered its senior management by appointing Mr. Munna Singh as Deputy Chief Financial Officer and Mr. Varun Goenka as President – Growth & Strategy.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).