Websol Energy's subsidiary appoints Vinay Vyas as CEO
He previously served as CEO of FusionX Energy, group lead (vice president) for renewable power, battery energy storage systems (BESS) and green hydrogen at Welspun Group, and director of the Global Renewable Energy Center at Canadian Solar.
During his tenure at ACME Cleantech, Vyas led the development of what the company described as the world's first integrated green hydrogen and ammonia project. He also served as chairman of the Energy Storage Committee at the National Solar Energy Federation of India (NSEFI) in 2025.
The appointment comes as Websol Energy plans to expand its manufacturing capacity to 5,350 MW of solar cells and 4,550 MW of solar modules by 2028. The company crossed Rs 1,000 crore in revenue in FY26.
Sohan Lal Agarwal, chairman and managing director, Websol Energy System, said, We are pleased to welcome Vyas to Websol Renewables. His track record of building renewable businesses at scale, will be valuable as we expand further along the solar value chain. Backed by Websol?s three decades in solar manufacturing, we look forward to his contribution in creating long-term value for all stakeholders,
Websol Energy System is engaged in the manufacturing of solar photovoltaic cells and modules. The company has over 30 years of experience in the solar industry and operates a manufacturing facility at the Falta Special Economic Zone in West Bengal, with an annual production capacity of 1,200 MW of solar cells and 550 MW of solar modules. It supplies solar cells primarily to domestic manufacturers and markets its solar modules in India and overseas.
The company's consolidated net profit jumped 15.78% to Rs 77.78 crore on 70.33% jump in net sales to Rs 372.6 crore in Q1 FY27 over Q1 FY26.
The counter declined 1.97% to settle at Rs 61.13 on Thursday, 23 October 2026.
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