Vikram Solar Elevates CFO To COO

• Vikram Solar has announced the appointment of Rajendra Kumar Parakh as the company's COO for EPC business division
• Parakh has so far been handling the financial segment for the module maker as the CFO since 2017
• He will undertake the EPC work of Vikram Solar that's spread across various national and international markets

Vikram Solar Limited, the Indian solar module maker and EPC service provider, has appointed Rajendra Kumar Parakh as the company's chief operating officer (COO) for the EPC business division.

Parakh has been with Vikram Solar since 2017 when he joined as the chief financial officer (CFO), in which position the company said he has been driving several strategic and financial planning initiatives.

A Chartered Accountant (CA) by degree, Parakh has worked in various leadership roles across various industries as manufacturing, mining, industrial engineering, iron and steel and polymer.

As the COO, Parakh will be responsible for both domestic and international EPC markets for the company that has so far executed more than 300 projects with a cumulative capacity of 1.44 GW.

"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," said Vice Chairman and Managing Director of Vikram Solar, Gyanesh Chaudhary. "At this juncture, we will immensely benefit from Parakh's deep industry knowledge to further strengthen our track record and leadership in solar EPC, which significantly contributes to our overall revenues."

Vikram Solar has a cumulative annual module production capacity of 2.5 GW with facilities in West Bengal and Tamil Nadu (see Vikram Solar Expands Module Production Capacity By 1.3 GW).