WEWebsol Energy System517498Leadership appointment or

Wholly owned subsidiary appoints Vinay Vyas as Chief Executive Officer

Websol Renewables Pvt Ltd, the wholly owned subsidiary, has appointed Mr. Vinay Vyas as its Chief Executive Officer, effective October 21, 2026, on a full-time employment term.

By ScoutQuest · Thu 22 Oct 2026, 6:51 PM IST · 2 min read

Appointment Effective Date

October 21, 2026

Appointee Experience

over 18 years of experience in renewable energy and energy storage

Planned Capacity by 2028

5,350 MW of solar cells and 4,550 MW of modules by 2028

What was announced

• The Board of Websol Renewables Private Limited, the wholly owned subsidiary, approved the appointment of Mr. Vinay Vyas as its Chief Executive Officer.
• Date of appointment: October 21, 2026. Term: full-time employment.
• The disclosure was made by the listed parent, Websol Energy System Limited, along with a press release.

Profile of the appointee

• Over 18 years of experience in renewable energy and energy storage.
• Has worked on a clean energy portfolio of more than 8 GW, valued at ₹24,000 crore.
• Led the development of what is described as the world's first integrated green hydrogen and ammonia project at ACME Cleantech.
• Earlier roles include Chief Executive Officer of FusionX Energy, Group Lead (Vice President) for renewable power, BESS and green hydrogen at Welspun Group, and Director of the Global Renewable Energy Center at Canadian Solar.
• Chaired the Energy Storage Committee at the National Solar Energy Federation of India (NSEFI) in 2025.

What the company said

• Mr. Sohan Lal Agarwal, Chairman and Managing Director, said Mr. Vyas's track record of building renewable businesses at scale will be valuable as the company expands further along the solar value chain, and referred to Websol's three decades in solar manufacturing.
• The release states that Mr. Vyas's experience in solar module manufacturing strategy at Canadian Solar, and in energy storage and energy trading at FusionX Energy where he secured a CERC energy trading licence, is relevant to this next phase.

Business context given in the release

• Websol crossed ₹1,000 crore in revenue in FY26.
• The company plans to take its manufacturing capacity to 5,350 MW of solar cells and 4,550 MW of modules by 2028.
• The existing integrated facility at the Falta Special Economic Zone, West Bengal, has a solar cell capacity of 1,200 MW and a module capacity of 550 MW, using Mono PERC and bifacial technology, and is designed to process wafers up to 210 mm.
• Websol Renewables is described as extending the company's presence further along the solar value chain.

How to read this

• The appointment is at the level of the wholly owned subsidiary, not a change in the board or key managerial personnel of the listed entity itself.
• The update sets out the appointee's experience and the company's stated capacity and revenue context; the operating mandate and terms of employment of the new CEO are described only as a full-time employment term.
• For a retail reader, the relevance lies in the leadership of the subsidiary that the company says will carry its next phase of growth along the solar value chain.

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