Chairman
Vice Chairperson
Director
Director
Director
President
Company Secretary and Compliance Officer
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.
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.
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.
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.