Ex-JSW Energy CFO Pritesh Vinay to Lead TPG-backed Vayona Energy

RENEWABLES

Overview

Pritesh Vinay, former Chief Financial Officer at JSW Energy, will now lead Vayona Energy as its Chief Executive Officer. Vayona Energy was formerly the onshore wind turbine manufacturing business of Siemens Gamesa in India and Sri Lanka, recently acquired by US private equity firm TPG Capital. Vinay's experience includes orchestrating major acquisitions, such as the ₹12,000 crore deal for O2 Power, positioning him to drive growth at the rebranded entity.

Leadership Appointment

Pritesh Vinay, a veteran finance executive from JSW Energy, has been appointed Chief Executive Officer of Vayona Energy. The move signals a significant leadership upgrade for the rebranded entity, formerly Siemens Gamesa's onshore wind turbine manufacturing operations in India and Sri Lanka.

Acquisition and Rebranding

Vayona Energy was established in December following its acquisition by US private equity firm TPG Capital, in partnership with members of the Murugappa group promoter family and Prashant Jain. Jain previously served as CEO of JSW Energy.

Strategic Experience

Vinay's tenure at JSW Energy was marked by his instrumental role in expanding the company's renewable and conventional energy capacity. He was a key figure in strategic acquisitions, including the notable ₹12,000 crore deal to acquire O2 Power, a significant player in the renewable energy space. His background also includes stints at Goldman Sachs, Edelweiss, and Aditya Birla Group.

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