Azure Power CEO quits: Harsh Shah resigns month after joining solar powered company

Azure Power CEO Quits: Azure Power Global Limited has announced the appointment of Rupesh Agarwal as its Acting Chief Executive Officer (CEO). Agarwal takes over from Harsh Shah who has resigned as CEO with immediate effect. 

The Board will consider appointment of a new permanent CEO in due course.

Agarwal, who joined the Company earlier this month as Chief Strategy & Commercial Officer after a period of acting as a Consultant to the Board, brings over two decades of leadership experience in asset development and strategy consulting, advising leading utilities and private equity investors on developing and managing their cleantech investments. 

Agarwal has held leadership positions at Convergence Energy Services, a Government of India-owned company, Lightsource India, BDO, and EY. He was also the founder of AEM Energi & Motum, a zero-emission electric mobility company, which pioneered India's first public electric bus trials. 

Alan Rosling, Chairman of the Board, said, "The Board very much regrets Harsh's unexpected decision to leave the company after joining only from July 1, 2022. We wish him well for the future. We are pleased that Rupesh is stepping up to lead the Company at this time. The Board will be working closely with Rupesh to ensure the Company's commercial objectives are met as Azure scales its capacity in the growing Indian market."

With PTI Inputs