Waaree Energies Appoints Jignesh Rathod as CEO-Designate, Amit Paithankar to Step Down

Waaree Energies Ltd. has appointed Jignesh Rathod as Chief Executive Officer‑Designate, following approval by its Board of Directors.

As per the company’s filings, the Board has accepted the resignation of Whole‑Time Director and CEO Amit Paithankar, effective May 15, 2026, or an earlier date as mutually agreed. Rathod, currently Director–Operations, will work with outgoing CEO Amit Paithankar during a structured transition period before formally taking over as CEO, effective 16 May 2026. He has been associated with Waaree for over 18 years and has played a key role in scaling manufacturing capacity, strengthening operational systems, and overseeing large-scale project execution.

The company said the leadership transition aligns with its internal succession planning and long-term growth strategy. The Board also acknowledged the contributions of Amit Paithankar during his tenure.

Commenting on his appointment, Jignesh Rathod, CEO-Designate, Waaree Energies Ltd, said, "It is a great honour to be entrusted with the responsibility of leading Waaree Energies. Having grown with the organization over the years, I am deeply aligned with its values, people-first culture, and commitment to innovation and sustainability. I look forward to building on the strong foundation laid by the leadership team and steering the company through its next phase of growth, operational excellence, and global expansion."

Hitesh Doshi, Chairman and Managing Director, Waaree Group, added, "Jignesh’s appointment reflects Waaree’s strong focus on leadership continuity and internal succession planning. His deep operational expertise, strategic mindset, and unwavering commitment to the organisation make him the ideal leader to take Waaree Energies forward. We are confident that under his leadership, the company will continue to scale new heights and strengthen its position as a global renewable energy powerhouse."

As per the company, Waaree Energies currently has solar PV module manufacturing capacity of about 22.77 GW globally and solar cell capacity of over 22 GW across India and the US.