Waaree Energies Limited has announced significant leadership changes with the appointment of Jignesh Devchandbhai Rathod as CEO and Abhishek Pareek as CFO, effective March 21, 2026. The transition follows the early exit of Amit Ashok Paithankar as CEO and Sonal Shrivastava as CFO on March 20, 2026.
Waaree Energies Limited, one of India’s leading solar energy companies, has reshuffled its top management in a decisive move to strengthen leadership. The changes were approved by the Board of Directors in a meeting held on March 20, 2026.
New Chief Executive Officer
Jignesh Devchandbhai Rathod, who has been associated with Waaree since 2007, steps in as Whole-Time Director and CEO. With engineering, MBA, and Ph.D. credentials, Rathod brings deep operational expertise and a strong track record in managing Waaree’s manufacturing functions.
New Chief Financial Officer
Abhishek Pareek, a seasoned finance leader with two decades of experience in corporate finance, treasury, M&A, and capital markets, has been appointed CFO. He has previously raised over USD 450 million in equity and managed debt financing of USD 3 billion.
Key Highlights
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Jignesh Rathod appointed CEO effective March 21, 2026
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Amit Paithankar relieved as CEO effective March 20, 2026
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Abhishek Pareek appointed CFO effective March 21, 2026
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Sonal Shrivastava resigned as CFO effective March 20, 2026
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Additional senior appointments include Munna Singh as Deputy CFO and Varun Goenka as President – Growth & Strategy
Sources: Waaree Energies Limited Board Meeting Outcome