Gensol Engineering Appoints Ankit Jain as CFO

Gensol Engineering Ltd. has appointed Ankit Jain as Chief Financial Officer. With over 20 years of experience, Jain will lead the company’s financial strategies, supporting its growth in renewable energy and electric mobility sectors.

October 07, 2024. By EI News Network

Gensol Engineering Ltd., a renewable energy firm, has officially appointed Ankit Jain as the company’s new Chief Financial Officer (CFO). Ankit Jain takes over from Jabir Mahendi Aga, who is transitioning into an expanded leadership role within the Gensol Group.

As per the firm, with over two decades of experience across various finance and accounting functions, Ankit Jain is well-equipped to lead Gensol's financial strategy. His background includes expertise in fundraising, mergers and acquisitions, investor relations, corporate governance, auditing, and taxation. Prior to joining Gensol, Ankit held the position of Vice President - Finance at Zetwerk India and has held senior roles at reputed companies such as Baker Hughes, Philips Lighting, GE Oil and Gas, and KPMG. He is a Chartered Accountant with a master’s degree from 'The Institute of Chartered Accountants of India'.

Commenting on his appointment, Anmol Singh Jaggi, Chairman and Managing Director of Gensol Engineering Ltd., said, "We are excited to welcome Ankit to the Gensol team. His extensive experience and strategic insights in finance will be invaluable as we continue to lead the energy transition. Ankit’s expertise will help us build a strong financial foundation, and I look forward to working with him closely as Gensol embarks on new heights in the renewable energy sector.”

Ankit Jain expressed his enthusiasm for the new role, stating, "I am honoured to join Gensol at such a pivotal moment. With the energy transition gaining momentum, I see tremendous opportunities for the company to further cement its leadership in the renewable energy and electric mobility markets. I am committed to working closely with the leadership team to ensure that Gensol’s financial strategy aligns with its growth ambitions, driving sustainable development and innovation in the industry."

The appointment of Ankit Jain as CFO marks an important step for Gensol Engineering as the company continues to expand its operations. Over the years, Gensol has grown to become one of the top players in the solar power engineering, procurement, and construction (EPC) space, with an impressive portfolio of over 770 MW of solar projects, including rooftop, ground-mount, and floating solar installations across India.

In addition to its solar ventures, Gensol has ventured into the electric vehicle (EV) space with the establishment of a cutting-edge EV manufacturing facility in Chakan, Pune, with an annual production capacity of 30,000 vehicles. This facility is designed to cater to the urban fleet, cargo segments, and, in the future, urban passenger transport. Gensol’s comprehensive EV leasing solutions cater to clients across diverse sectors, including government entities, multinational corporations, and logistics companies.

Tags:

Business

Gensol Engineering Limited.

CFO

Chief Financial Officer

Jabir Mahendi Aga

Gensol Group

Anmol Singh Jaggi

Chairman and Managing Director

EV manufacturing facility

Chakan

Pune