Waaree Energies has appointed Abhishek Pareek as its Chief Financial Officer (CFO) and key managerial personnel, effective March 21, 2026. The appointment marks a significant leadership development as the company strengthens its financial strategy and aligns its leadership team with long-term growth objectives.
Leadership Transition at the Top Level
Pareek’s appointment follows the resignation of former CFO Sonal Shrivastava, who stepped down at the close of business on March 20, 2026, after completing her notice period. The leadership reshuffle also includes the resignation of CEO Amit Paithankar ahead of his planned exit, with Jignesh Rathod appointed as the new Whole-Time Director and CEO effective March 21, 2026.
The company also said that there would be more changes in leadership, such as the hiring of Munna Singh as Deputy CFO and Varun Goenka as President of Growth and Strategy, both starting in April 2026. The board approved these decisions after the Nomination and Remuneration Committee made suggestions.
Extensive Experience and Strong Internal Track Record
With over 20 years of experience in corporate finance, treasury, mergers and acquisitions, capital markets, and financial planning, Pareek brings deep financial expertise to his new role. He has been associated with Waaree since September 2017 and has held several key positions within the organization.
Over the course of eight years, he held a number of leadership positions, such as Financial Controller, CFO of the Manufacturing vertical, Group Financial Controller, and most recently, Group Head – Finance. In these roles, he was very important in making the group’s financial governance stronger, making operations more efficient, and helping with strategic decision-making.
Role in Driving Growth and Financial Strategy
As CFO, Pareek will be in charge of the company’s overall performance, financial strategy, capital allocation, and governance. Waaree is growing in solar manufacturing, green hydrogen, and energy infrastructure, and his appointment comes at a time when the company is doing so.
The company has been actively scaling its operations and strengthening its position in the global renewable energy market, and Pareek’s leadership is expected to support these ambitions.
Professional Background and Academic Credentials
Prior to joining Waaree, Pareek served as CFO at Shubhalakshmi Polyesters Ltd and Bothra Metals and Alloys Limited, where he led finance functions and contributed to business growth. He began his career as an auditor at K.K. Chhajer & Co. and later worked as a financial advisor at Finex Services.
He is a Chartered Accountant from Institute of Chartered Accountants of India and holds a PhD in Corporate Finance, reflecting a strong academic foundation alongside his professional experience.
Strategic Outlook
The appointment is part of a larger strategic realignment at Waaree Energies that aims to improve leadership skills and support future growth. The changes have also caught the attention of people in the market, which shows how important the change in leadership is.
With Pareek at the helm of financial operations, Waaree is expected to further enhance its financial discipline and execution capabilities as it continues its growth trajectory in the renewable energy sector.
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