Waaree Energies Limited has announced significant changes in its leadership team following a board meeting held on March 20, 2026. The company has appointed Mr. Jignesh Devchandbhai Rathod as the new Whole-Time Director and Chief Executive Officer, effective from March 21, 2026. This appointment follows the mutual agreement for the early departure of Mr. Amit Ashok Paithankar from the same position, which was initially set for May 15, 2026.
Mr. Jignesh Rathod, who has been with Waaree Energies since November 2007, holds a bachelor’s degree in engineering from Gujarat University and a master’s degree in business administration from SVKM’s NMIMS. He also possesses a Doctorate in Business Administration from the Xavier Institute of Business Management Studies. His extensive experience within the company positions him well to oversee operational functions at Waaree’s factories.
In addition to the CEO transition, Waaree Energies has appointed Mr. Abhishek Pareek as the Chief Financial Officer and Key Managerial Personnel, effective from March 21, 2026. Mr. Pareek, who joined Waaree as the Finance Controller in September 2017, brings nearly 20 years of experience in corporate finance, treasury, M&A, capital markets, and financial planning and analysis. He has previously served as CFO of a large textile company and has managed equity fundraising of over USD 450 million and debt financing of approximately USD 3 billion.
The company also announced the cessation of Ms. Sonal Shrivastava from her role as Chief Financial Officer, effective from the close of business on March 20, 2026. Additionally, Waaree Energies has appointed Mr. Munna Singh as Deputy Chief Financial Officer and Mr. Varun Goenka as President – Growth & Strategy.
These appointments are subject to shareholder approval and are part of Waaree Energies’ strategic efforts to strengthen its leadership team as it continues to expand its operations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).