Conferred with the ‘Solar Man of the Year’ title on two occasions, Vineet Mittal, Chairman, Avaada Group, is a social entrepreneur and pioneer of clean energy transition in India. After creating successful businesses 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. In 2016, the platform was sold to Tata Power for US $ 1.4 bn.
Vineet strongly believes that energy is inversely proportional to poverty. With increased energy access, India can overcome its poverty problems and provide its citizens with a better quality of life. Driven by his passion for sustainability and clean energy transition, in 2017, he floated the second platform and named it ‘Avaada’ – Ayurveda + Vaada – which translates to a promise of a sustainable future.
Avaada Group is India’s leading integrated energy group with business interests in Solar Module Manufacturing, Electrolyser manufacturing and Green Ammonia production. The group is completely aligned with the ‘Atmanirbhar Bharat’ vision of Prime Minister Narendra Modi.
An alumnus of Harvard Business School, he currently holds the position of Chairman of the MNRE’s sub-committee on Hydrogen usage and standards, Chairman of the CII National Council on climate change and Chairman of the ‘Make in India’ Task Force.
He is an active member speaker at the World Economic Forum. He is on B20’s task force for financing growth and infrastructure and Energy, Resource Efficiency & Sustainability. He is also the former India Chairman of the World Business Council of Sustainable Development (WBCSD)’s Renewables Low Carbon Technology platform program.
