Solarium Appoints Himanshu Garg As Its New Chief Financial Officer

Gujarat-based solar energy solutions provider, Solarium specializing in residential and industrial solar system installations has appointed CA Himanshu Garg as its new Chief Financial Officer (CFO). In his previous role as Vice President at DeHaat, a leading Agritech platform, Himanshu successfully led Corporate Development, overseeing key areas including Investor Relations, M&A, Business Finance, and FP&A. Solarium has recently completed a successful SME listing of the firm at the BSE. The firm raised a sum of Rs 105 crores during its successful IPO on the BSE’s SME board.

Himanshu has built a career across leading organizations, including DeHaat (Agritech), Healthkart (Brand & Omnichannel), Clarks (Brand & Retail), and Ernst & Young (Assurance). Through his career, he has led key financial verticals such as Controllership, Business Finance, FP&A, Corporate Development, Strategy, and Investor Relations. During his tenure,  Clarks’ grew into a Rs.150+ Cr entity, whule  Healthkart and DeHaat, also saw strong growth from INR 300 Cr to INR 600 Cr+ and INR 1300 Cr to INR 3000 Cr+, respectively.

Himanshu has also been involved in raising over 800 Cr+ in funding, executing M&A deals worth over INR 150 Cr+, and optimizing P&L through cross-functional integrations. An accomplished Chartered Accountant with a diploma in Information Systems Audit and International Tax certification, Himanshu is a graduate of Kirori Mal College, Delhi University.

With a stock market listing behind it now, and expectations of a much broader set of stakeholders to meet, some additions to the top tier was expected as Solarium sets out to leverage its new funding and build a strong growth path basis that.  the firm has completed Fy 24 ith revenues of RS 178 crores and profit after tax of Rs 16 crores approximately.

the firm has a strong presence in residential rooftop projects, besides the C&I segment and more recently, a push into some government backed projects as EPC supplier.