Kaushal Shah, a seasoned finance leader with over three decades of experience in corporate finance, capital markets, and strategic leadership, has joined Avaada Electro as its Chief Financial Officer. In this role, he will be responsible for driving the company’s financial strategy, capital planning, and governance framework to support its growth in the clean energy and advanced manufacturing sectors.
Kaushal brings a distinguished track record from some of India’s largest infrastructure and energy companies. Most recently, he served as CFO of Adani New Industries Ltd., where he oversaw the creation of an integrated ecosystem for the manufacture of green hydrogen. Prior to that, as CFO of Adani Green Energy Ltd., he led landmark transactions including a USD 1.65 billion construction framework agreement with international banks, a maiden USD 750 million HoldCo issuance, and a USD 5 billion acquisition of over 5 GW of renewable assets. His leadership also helped elevate the company’s ESG score to one of the highest in the global sector.
Earlier, as CFO of Adani Transmission Ltd., Kaushal guided the company through its public listing, secured global investment-grade ratings from all three major agencies—a first for a non-government Indian power sector company—and successfully integrated multi-billion-dollar acquisitions. During his 17-year tenure with the Adani Group, he also held senior positions in investor relations, corporate finance, and M&A, playing a pivotal role in fundraising, corporate structuring, and risk management.
A Chartered Accountant by qualification, Kaushal has complemented his technical expertise with executive education from Harvard Business School, the Indian School of Business, and the Adani Institute of Infrastructure Management. His proven ability to align financial strategy with business vision is expected to play a crucial role in advancing Avaada Electro’s mission of delivering sustainable and innovative energy solutions.