Vikram Solar Welcomes Back Ivan Saha As CEO

Vikram Solar, one of India’s leading module manufacturers and comprehensive EPC solar solutions provider, has announced the appointment of Ivan Saha as its new Chief Executive Officer (CEO).

Saha was last working with leading developer Renew Power as its Chief Technical Officer, a role he took on after leaving Vikram Solar as its President and CTO from 2013 to 2020. Even as he achieved significant milestones at Renew Power, including its listing at NASDAQ during his tenure there, he returns as a CEO to Vikram Solar when the Kolkata based firm itself is poised for one of its biggest expansion drives and a possible public listing in the future.

Ivan Saha holds a Bachelor’s degree in Science (ceramic technology) from the University of Calcutta, and a Master’s degree in Technology (materials science) from the Indian Institute of Technology (IIT), Kanpur.  He has experience in technology and operations roles across organisations such as the IIT Kanpur, Indian Space Research Organisation (ISRO) and Moser Baer Photo Voltaic Limited.

Speaking about Saha’s rejoining and appointment, Gyanesh Chaudhary, Vice Chairman and Managing Director, Vikram Solar said,“I am extremely happy to welcome him back. Ivan’s extensive hands-on experience has earned him a unique perspective in the solar sector.

We believe the Indian solar industry is at an inflection point with favourable government policies to boost domestic manufacturing. We look forward to a period of immense opportunities and growth both in the domestic and international solar energy markets. With Ivan’s strong track record, business and technical knowledge, and in-depth experience in renewable energy sector, Vikram Solar will immensely benefit under his leadership in our next phase of expansion.”

Ivan Saha, says, “I am excited to re-join and build on Vikram Solar’s rich legacy of innovation and technology to set new benchmarks. It will be my special endeavour to maintain market leadership through strategic expansion in solar PV manufacturing, and further expand in international markets. While doing so, we will continue to focus on developing new and innovative products and services, and aim to achieve cost leadership. “ 

With a  presence across 32 countries, a portfolio of 1.42 GW EPC projects (commissioned + under execution) and 1,899 employees, besides a cumulative manufacturing capacity heading to over 2.5 GW, Vikram Solar has been one of the more well established and largest PV module manufacturer in India .  the firm has a wide distribution network, and manufacturing plants in both West Bengal and Tamil Nadu.

Saha’s appointment follows another top level appointment, the elevation of Rajendra Parakh as COO of its EPC division, pointing to major changes and execution plans ahead for the PV major.