Rajendra Parakh Takes Over As COO-EPC For Vikram Solar

Vikram Solar, one of India’s leading module manufacturers and comprehensive EPC solar solutions provider, has announced the appointment of Rajendra Kumar Parakh as Chief Operating Officer (COO) for the Engineering, Procurement and Construction (EPC) division. Vikram Solar is among the leading EPC players as per installed EPC base in India, with experience of executing more than 300 projects of cumulative capacity of 1.44 GW. Parakh has been associated with Vikram solar since 2017 as the Chief Financial Officer (CFO).

Gyanesh Chaudhary, Vice Chairman and Managing Director, Vikram Solar, said, “Mr. Parakh has led the organization as the CFO and has complete overview of our global operations, projects, business development, Research & Development (R&D). He has an exceptional leadership track record. The solar sector is at an inflection point with government’s policy impetus and the demand surge for solar globally to accelerate the clean energy transition. At this juncture, we will immensely benefit from Mr. Parakh’s deep industry knowledge to further strengthen our track record and leadership in solar EPC, which significantly contributes to our overall revenues.”

Parakh is rank holder Chartered Accountant (CA) from the Institute of Chartered Accountants of India and Senior Management Programme (SMP) graduate from the Indian Institute of Management Calcutta (IIMC). He has a diverse experience spanning many decades in cross-functional and leadership roles across manufacturing, mining, industrial engineering, iron & steel and polymer industry. He has an extensively rich expertise in financial reporting & structuring, strategic planning, corporate governance & risk management, export & import functions, procurement among others.

As the second largest manufacturer by capacity on the ALMM (approved list of module manufacturers) list of the MNRE, Vikram Solar has been pushing for a greater footprint of its EPC division, to ensure a higher captive use of its output. The firm also exports its modules.

Parakh, with his high familiarity and experience in the solar market will have his task cut out, as the EPC division chases growth in a market that is expected to grow at a fast clip from here on till 2030, thanks to the high solar targets the country has set itself.