Onix Solar Energy Ltd Strengthens Leadership: Sagar Limbad Appointed CFO, Harpreet Singh Named Managing Director for Five Years

Onix Solar Energy Ltd, a rapidly growing Indian renewable energy company, has made key leadership changes to take its next level of growth. The company has hired Sagar Limbad as Chief Financial Officer and Harpreet Singh as Managing Director for a period of five years, reflecting increased emphasis on operational excellence, financial prudence, and strategic growth.

 

Sagar Limbad Appointed as Chief Financial Officer:

Board of Directors approves Sagar Limbad as CFO. Limbad has had wide-ranging experience in financial management and strategic sourcing in the renewable energy and infrastructure industries, allowing Onix Solar to build stronger financial controls and enable its aggressive growth plans.

 

Harpreet Singh Appointed Managing Director for Five Years

Harpreet Singh, a veteran of more than 30 years of supply chain management, business operations, and renewable energy project implementation, was appointed Managing Director for five years. Singh's notable experience includes senior positions in Siemens India, Thermax Group, Azure Power, SoftBank Energy, and Schneider Electric. He was appointed as CEO of Onix Solar Energy towards the end of 2024 and now been promoted to head the strategic direction and operations of the company as Managing Director.

 

Board Expansion and Professionalization:

The appointments are within a wider board refresh, with the new directors possessing experience in technical and operational areas. The action is taken to strengthen governance and facilitate the company's fast scale-up in the solar module manufacturing and renewable project development business.

 

Strategic Growth Initiatives:

Onix Solar Energy is currently expanding its solar PV module manufacturing capacity and preparing for a major IPO. The new leadership team is expected to play a pivotal role in capital raising, operational efficiency, and market expansion.

 

Insight

The concurrent appointments of Harpreet Singh as Managing Director and Sagar Limbad as CFO underscore Onix Solar Energy's determination to create a world-class leadership team that can steer the company through the intricacies of India's ever-evolving renewable energy market. Onix Solar is poised for faster growth and returns to stakeholders with a robust board and battle-hardened executives at the wheel.

 

Source: LinkedIn – Sagar Limbad, Saur Energy, MarketScreener, LinkedIn – Harpreet Singh, X.com/Saur_Energy