Vikram Solar Hires Inox Wind’s Saibaba Vutukuri as New CEO

In a significant development, country’s one of the leading solar module maker Vikram Solar on Wednesday said that it has appointed Saibaba Vutukuri as its new Chief Executive Officer (CEO).

After Vutukuri’s appointment, Gyanesh Chaudhary, who was earlier holding the post of Managing Director and CEO of Vikram Solar, will remain as the company’s Managing Director.

Chaudhary will now focus on future expansion, new business opportunities and growth plans including investments and major capex decisions among key business areas.

The announcement came at a time when the company is marching towards its next phase of growth.

On the appointment, Saibaba Vutukuri said “I’m delighted to be joining Vikram Solar as the CEO at an exciting time for the business. It is a remarkable company with a long history of outperformance, creating innovative products. I’m looking forward to working with an exceptional group of leaders over the coming years to continue to transform Vikram Solar.”

“It is important to state that we, at Vikram Solar, are going to stay true to our DNA and will continue to make the best products in the industry that delight our customers and make our employees incredibly proud of what they do,” he added.

“Sai’s knowledge and experience will be an extremely valuable asset to Vikram Solar. His wide experience in solar manufacturing, corporate affairs and international markets will help us to further strengthen our leadership position in the renewable sector. I will be supporting Sai in the transition process during the first half of the year to ensure a seamless experience for all our internal and external stakeholders,” said Gyanesh Chaudhary, Managing Director of Vikram Solar on Vutukuri’s appointment.

Vutukuri brings with him 34 years of industry experience and has been aiding the growth of renewable energy in India and across the globe for over 2 decades.

Earlier, he served as the President and CEO-Diversification of BSE-listed Inox Wind Ltd. In his previous roles, Vutukuri held leadership positions in several organizations including General Electric (GE), Vestas , Lanco, Suzlon, APV Pasilac, Hindustan Unilever.

Meanwhile, on the educational background, he is having a post-graduate degree in International Business (MBA) from Copenhagen Business School and also graduated from National Dairy Research Institute (NDRI).