Gensol Engineering Appoints Rajesh Jain As Independent Director

Gensol Engineering Appoints Rajesh Jain As Independent Director

Renewable energy and electric mobility company Gensol Engineering Limited has announced the appointment of Rajesh Jain as a new independent director on its board. According to the statement by Gensol Engineering Jain brings a wealth of experience, having recently retired from Walker Chandiok & Co LLP after over two decades, where he significantly contributed to the firm’s expansion in India. He holds over 45 years of experience in various senior roles across India, Malawi, and Zambia and was a founding partner at KPMG India.

With experience in M&A advisory, corporate governance, and Indian and international auditing, Mr. Jain has worked in the IT, automotive, energy, and finance sectors. He is well-known for his proficiency in initial public offerings (IPOs), accounting consulting, and coaching business owners, Gensol Engineering said in a statement.

“We welcome Mr. Rajesh Jain to the board of Gensol. His outstanding academic background, combined with his deep and diverse experience in the areas of audit, consulting & corporate finance across sectors will bring unique perspectives to the Board. His guidance and counsel will be instrumental in navigating the dynamic environment and will add great value to Gensol in its governance and meeting strategic business objectives.” said Anmol Singh Jaggi, Chairman, and Managing Director of Gensol Engineering Ltd.

Commenting on coming on board as Independent Director for Gensol Engineering Ltd., Mr. Rajesh Jain said, “Gensol’s achievements highlight robust leadership and a steadfast commitment to propelling India’s clean energy revolution, yielding remarkable value for shareholders. I am excited to work closely with the leadership team and fellow board members to steer Gensol
towards sustained growth and pioneering innovations.”

Last month, Gensol Engineering Limited received a total order of Rs. 1783 Cr. for two projects from solar EPC and Let’s EV. The company received an order for Rs. 1783 Crores at the beginning of the Financial Year (FY25), signaling a promising year. It received this order from one Solar EPC (India & Middle East including Scorpius Trackers) for Rs. 1448 Crores, Let’sEV (EV Leasing business) for Rs. 335 Crores.