Saatvik Solar appoints industry veteran Abani Kant Jha as Chief Financial Officer
Mumbai, August 5, 2024: Saatvik Solar, India’s premier solar PV module manufacturer, has recently appointed Mr. Abani Kant Jha as its new Chief Financial Officer (CFO). With over 25 years of extensive experience across diverse industries, Mr. Jha brings unparalleled expertise to bolster Saatvik Solar's financial leadership and drive its ambitious growth plans.
Mr. Jha is widely recognized for his exceptional leadership skills, financial acumen, and strategic analysis capabilities. His proficiency in implementing integrated business planning techniques across complex enterprises sets him apart in the industry. An engineer by training, Mr. Jha's versatile career spans critical sectors including telecom, retail, technology, and industrial manufacturing.
Prior to joining Saatvik Solar, Mr. Jha served as Director of Business Operations & CFO at Jindal Films, where he spearheaded global manufacturing and sales strategies, explored lucrative M&A opportunities, optimized costs, managed risks effectively, and realigned focus on customer success. His illustrious career includes leadership positions in renowned organizations such as EaseMyTrip, Aditya Birla Group, DP World, and Reliance Industries.
Mr. Jha will oversee the finance department and collaborate closely with the management team to promote operational efficiency and boost financial performance in his new position as Chief Financial Officer at Saatvik Solar. His appointment underscores Saatvik Solar's commitment to strengthening its executive team with top-tier talent to accelerate growth and innovation in the burgeoning solar energy sector.
Mr. Prashant Mathur, CEO of Saatvik Solar, expressed his enthusiasm about Mr. Jha’s appointment, stating, “We at Saatvik Solar are delighted to welcome Abani Kant Jha on-board the leadership team. His proven track record of financial stewardship and strategic insight aligns perfectly with our mission to drive sustainability and lead innovation in the renewables sector. Mr. Jha's expertise will be instrumental in propelling our financial strategies and reinforcing our position as an industry leader.”
Speaking on the occasion, Mr. Abani Kant Jha said, “I am honoured to join Saatvik Solar as the CFO and am eager to contribute to its continued success. It is indeed an exciting opportunity for me to leverage my experience and collaborate with talented teams to achieve our strategic financial objectives, which align with the company’s vision of becoming one of India’s strongest and largest renewable energy companies.”
Adding to his impressive credentials, Mr. Jha has been serving as the Co-Chairman of ASSOCHAM (Associated Chambers of Commerce and Industry of India) since April 2024. In this influential position, he represents the industry body in high-level meetings with ministers, senior government officials, policymakers, and regulators. His role is crucial in addressing sectoral issues, analyzing emerging trends, and formulating strategic roadmaps to propel the industry forward.
About Saatvik Solar
Saatvik Solar is India's premier Solar PV Module manufacturer, dedicated to driving sustainable energy solutions for a brighter future. Founded in 2016 with a vision to revolutionize the solar industry, the company has established itself as a pioneer in the field. It operates a state-of-the-art manufacturing facility strategically located in Ambala, Haryana, and employs over 1200 employees. Saatvik Solar has swiftly evolved from a specialized module manufacturer into a fully integrated solar powerhouse. It now offers advanced module production and comprehensive EPC services for both Pan-India as well as global markets. This focus positions the company as a one-stop solution for solar energy needs. With an impressive 3.8 GW module manufacturing capacity as of FY24-25 and strategic expansion plans in progress, Saatvik Solar is not just participating in the solar industry—it's actively shaping its future, reinforcing its commitment to India's renewable energy landscape and solidifying its position as a leader in the global solar market.
