Investor Relations

Corporate Information

Name of the Company

Avaada Ventures Private Limited

Business of the Company

Company is engaged in the business of development of electric power generating projects based on conventional or non-conventional resources, setting up of units for manufacturing of solar photovoltaic equipments and ancillaries, green ammonia and electrolysers and allied innovative technologies under its subsidiary companies; and provision of engineering procurement and construction/allied services to its subsidiaries for developing power projects/setting up of said manufacturing units under its subsidiaries.

Registered Office

406, 4th Floor, Solaris One,
N. S. Phadke Marg, Andheri (East),
Mumbai – 400069, Maharashtra, India

Date of Incorporation

June 27, 2007

Corporate Identification Number

U35106MH2007PTC318041

ISIN

INE798X01013

Phone no

022-61408000

Email id

avaadaventures@avaada.com

Board of Directors

Mr. Vineet Mittal

Chairman

Sindoor-Mittal

Mrs. Sindoor Mittal

Vice Chairperson

Mr. Vinoo George

Director

Prashant_chuobey - President – Business Development Avaada Group

Mr. Prashant Choubey

Director

Mr. Nawal Saini

Director

Key Managerial Personnels

Procurement president - Lalit Yadav

Mr. Lalit Sharma

President

Mr. Prakashchandra Khulbe

Company Secretary and Compliance Officer

Policies & Codes

Financial Information

Notice of General Meetings

Annual Returns

Memorandum & Articles of Association

Registered Office

406, 4th Floor, Solaris One,
N. S. Phadke Marg, Andheri (East),
Mumbai – 400069, Maharashtra, India
Phone: 022-61408000
Email: avaadaventures@avaada.com | ir@avaada.com

Redressal of Investor Grievances

Company Secretary & Compliance Officer

Mr. Prakashchandra Khulbe
Phone: 022-61408000
Email: prakash.khulbe@avaada.com

Registrar and Share Transfer Agent

MUFG Intime India Private Limited
(Formerly Link Intime India Private Limited)
C-101, 247 Park, LBS Marg, Vikhroli (West), Mumbai- 400083
Phone: 022 49186000
Email: mumbai@in.mpms.mufg.com

Renewable Energy
MSKVY
Solar PV Manufacturing
Green Fuels
Energy Storage Solutions
Data Center
Investors
Careers
Contact

Mr. Vineet Mittal

Chairman

Mr. Vineet Mittal, Chairman of Avaada Group is a serial entrepreneur who has built multiple large-scale businesses. After creating successful ventures in the BPO and IT space, he floated Welspun Energy in 2010, becoming India’s largest renewable energy company with an installed base of 1.2 GW and in 2016, the platform was monetized successfully with the sale to Tata Power at a US $1.4 bn valuation. The Thermal power business of the group was also sold successfully to Adani Group.

He is a strong proponent of advancing sustainability through robust business models also he has been actively advocating the concepts of Community Development Certificates (CDC) and Grow Forest Certificates (GFC) with the governments he developed. Both the instruments target creating a marketplace for achieving sustainability objectives of increasing forest cover and developing social infrastructure in terms of healthcare access, education, and so on through a strong incentive mechanism.

He is a regular speaker on clean energy transition at important national and international events. A leading and influential industry voice, he is a regular invitee in all policy consultations by bodies like Niti Aayog, Ministries and Govt. departments, etc.

Mrs. Sindoor Mittal

Vice Chairperson

As a Vice Chairperson of Avaada Group, Mrs. Mittal is responsible for strategy and leadership development. Apart from her business responsibilities, she is keenly involved in the company’s sustainability endeavour.

She started her career by working with a $500mn private equity fund and then proceeding to be an entrepreneur.

She was instrumental in setting up Welspun Energy’s initial solar portfolio, at a time when few companies were in the business.

She spearheaded equity fund raising by bringing on board institutional investors like ADB, DEG and GE. Thereafter, she successfully handled the sale of the organisation’s ~1140 MW renewable portfolio to Tata Power.

Mr. Vinoo George

Director
Mr. Vinoo George is a seasoned professional with over four decades of experience and has been involved in procurement, project execution, international business development and setting up of the manufacturing business in Avaada Group including vendor selection, technology selection, manufacturing setup, product quality, supply chain, and material procurement. He has set high standards for sourcing and supply chain management, ensuring the timely commissioning of solar projects. He is working with cross-functional teams to support Avaada’s mission towards sustainable and self-reliant energy solutions.

Mr. Prashant Choubey

Director
Mr. Prashant Choubey, an alumnus of Harvard Business School and Delhi College of Engineering, is a seasoned professional with over 25 years of experience. He currently leads Business Development as the President at Avaada Group. He brings a wealth of expertise in managing national and international business development across South & Southeast Asia, Europe, and the US, specifically within the solar, renewables, hydro, and green hydrogen/green ammonia sectors.

Mr. Nawal Saini

Director

Nawal Saini is a Managing Partner in Brookfield’s Energy Group. In this role, he leads the group’s business in South Asia and the Middle East.

Prior to joining Brookfield in 2018, Mr. Saini focused on renewables for infrastructure investment teams at CDPQ and JP Morgan. He also worked at Jacob Ballas, a New York Life-anchored private equity fund in India, and as a banker with ABN Amro Bank and SBI Capital Markets.

Mr. Saini holds a Master of Business Administration degree from the Management Development Institute, Gurgaon and a Bachelor of Science degree from Delhi University.

Mr. Lalit Sharma

President - Procurement

Lalit Sharma is a highly experienced procurement professional with a career spanning over three decades, characterized by his expertise and strategic prowess in sectors such as Refinery, Oil & Gas, Fertilizer, Telecommunication, and Consumer Business. He has successfully led large-scale projects and managed procurement operations, contracts, and project execution for renowned organizations like Reliance Industries Limited, Oswal Chemicals & Fertilizers, and Engineers India Limited.

In his previous role as Senior Vice President and Head of Procurement & Contracts for RIL’s consumer business, Mr. Sharma played a pivotal role in the nationwide expansion of retail initiatives, contributing significantly to the segment’s remarkable growth.

Renowned for his commitment to corporate governance and delivering sustainable growth, Mr. Sharma is valued for his ability to cultivate strong interpersonal relationships with both internal and external stakeholders, underpinned by his professional demeanor.

He holds a B. Tech degree with distinction from Punjab University Chandigarh and a PG Diploma in Financial Management from IMT Ghaziabad.

Mr. Prakashchandra Khulbe

Company Secretary and Compliance Officer
Prakashchandra Khulbe is a with over 17 years of post-qualification experience in corporate governance, secretarial compliance, corporate restructuring, legal and regulatory matters and strategic corporate transactions. Over the course of his career, he has been actively involved in corporate restructuring and reorganisation initiatives, including mergers, amalgamations, corporate conversions, and other strategic transactions. He has also played a key role in joint venture transactions involving the induction of foreign partners, coordinating legal, regulatory, corporate and secretarial aspects of such strategic partnerships.