ACME Solar Holdings Private Limited

ACME Solar Holdings is at the forefront of India's renewable energy market, with a wide portfolio of solar, wind, hybrid, and firm and dispatchable renewable energy (FDRE) projects. Positioned as one of India's largest independent power producers (IPP), we have expanded and broadened our offerings from solar power projects to evolve into an integrated renewable energy company serving the Indian market.

At the core of our operations lies the development, construction, ownership, operation, and maintenance of utility-scale renewable energy projects. Leveraging our in-house EPC division and dedicated operation and maintenance team, we ensure the seamless functioning of our projects, enabling us to supply electricity to various off-takers, including central and state government-backed entities, driving our revenue streams.

Established in 2015, our company was founded to consolidate the renewable energy business of the ACME Group and to capitalise on the flourishing opportunities present in India's renewable energy industry.

Led by Mr Manoj Kumar Upadhyay, the ACME Group traces its roots back to 2003 with the incorporation of ACME Cleantech. Initially serving as a provider of energy management solutions to wireless telecommunications operators in India, the group ventured into renewable energy generation in 2009, marking a pivotal shift in its operations.

An early player in India's solar IPP sector, the ACME Group achieved a significant milestone with the commissioning of its inaugural solar power plant in 2012. Building on this success, the group has a noteworthy track record of developing, executing, and commissioning a cumulative capacity of 2,719 MW (3,689 MWp) in solar projects from inception until March 31, 2024, underscoring our commitment to driving sustainable energy solutions and contributing to the evolution of India's renewable energy landscape.

Operation & Maintenance

Our internal O&M capabilities enable us to monitor our performance and operational metrics in order to maximise our plants' availability, system life, and utilisation rates. We do this by using forecasting software, central monitoring system software, maintenance scheduling, and other systems, among other proprietary technologies. We specifically employ ACME Cleantech's tailored solutions from Regent Climate Connect Knowledge Solutions Private Limited for forecasting, scheduling, and managing O&M activities across our solar power plants.

Engineering

Our in-house capabilities enable us to actively participate in the technological, build-of-material, and design features of the modules while also maintaining control over our processes, costs, and timelines. We are also able to utilise our system design expertise, be flexible in our choice of technology, and source from top-tier suppliers. We use top-notch, specially designed, cutting-edge modules and other key components that meet our technical requirements and quality standards.

Core Values

At ACME Solar Holdings Private Limited, we put great emphasis on five core values that we call the foundation of our approach to building a successful & healthy work culture.

  • Customer Centricity
  • Innovation
  • Respect
  • Continuous Learning
  • Execution Excellence

Board of Directors


 

Mr Manoj Kumar Upadhyay 

Mr Manoj Kumar Upadhyay is the Chairman and Managing Director and one of the Promoters of our company. He holds a Diploma in Electronics Engineering from Government Polytechnic, Shahjanpur, Uttar Pradesh, India. He is the founder of the ACME Group and is responsible for establishing the ACME Group as an energy solution provider in India. He was awarded the Entrepreneur of the Year Award (Start-up) in 2007 by Ernst & Young, the Business Excellence Award in 2015 at the CESS Symposium 2015 and the Top & Most Powerful People in renewable energy sector (Private) in 2022 by eqmagpro.com. He has experience in power, telecommunications, energy management and storage sectors. 

   

Mr Shashi Shekhar

Mr Shashi Shekhar is the Whole-Time Director designated as Vice Chairman of our company. He has been associated with the company since April 9, 2018. He has held several roles in many government departments as an Indian Administrative Service Officer and holds a Bachelor’s degree in Science (Geology) from Patna University. Prior to joining our company, he was associated with the Ministry of Environment, Forests and Climate Change as an Additional Secretary, Ministry of New and Renewable Energy as the Joint Secretary and with the Ministry of Water Resources, River Development and Ganga Rejuvenation as a Secretary. He has previously held the position of Managing Director at PTC Energy Limited and Indian Energy Exchange Limited. He is responsible for policy advocacy, business strategy and regulatory issues of our company and has experience in administration and policy. 

   

Mr Nikhil Dhingra

Mr Nikhil Dhingra is the Whole-Time Director and Chief Executive Officer of our company. He has been associated with us since December 1, 2016. He holds a Post-graduation degree in Management from Indian Institute of Management, Bangalore. Prior to joining our company, he was associated with ICICI Securities Limited, Infosys as a Software Engineer, SAP Labs India Private Limited as a Development Specialist and PricewaterhouseCoopers Private Limited as an Assistant Manager. He is responsible for the day-to-day management and operations of our company and has experience in development and operations. 

   

Mr Ravindra Dhariwal

Mr Ravindra Dhariwal is an Independent Director of our company. He has been associated with our us since April 25, 2024. He holds a Bachelor’s degree in Technology (Chemical Engineering) from Indian Institute of Technology, Kanpur and holds a Post-graduate Diploma in Management from Indian Institute of Management, Calcutta. He is the Chairperson of Sagacito Technologies Private Limited. He was the Vice President of franchise for South East Asia at Pepsico International. He had received the Distinguished Alumnus Award in 2013 from Indian Institute of Management, Calcutta and the Silver Shovel Award in 2014 from International News Media Association. He has experience in business operations and management.

   

Ms Anuranjita Kumar

Ms Anuranjita Kumar is an Independent Director of our Company. She has been associated with us since April 25, 2024. She holds a Bachelor’s degree of Arts in Psychology from Indraprastha College of Women, University of Delhi and a Post-graduate Diploma in Personal Management and Industrial Relations from XLRI, Jamshedpur. Prior to joining our company, she was associated with the Royal Bank of Scotland as the Managing Director, Human Resources Department and the Citi Group and is part of the council of advisors for the American India Foundation. She is the Co-founder and Chief Executive Officer at We-Ace. She has experience in human resources and organisational development.

   

Mr Atul Sabharwal

Mr Atul Sabharwal is an Independent Director of our company. He has been associated with us since September 18, 2017. He holds a Bachelor’s degree in Science from the University of Calcutta and a Post-graduation degree in Business Administration from the University of New South Wales. He is the Founder and Chief Executive Officer of Snipp Interactive Inc, an international provider of mobile marketing solutions since 2012. He has also worked with America Online Inc. as a Business Development Director in digital services strategic development, News Television (India) Private Limited and the Boston Consulting Group. He has experience in management and consulting. 

 

 

 

Leadership


 

Mr Purushottam Kejriwal

Mr Purushottam Kejriwal is the Chief Financial Officer of our company and is responsible for financial management, accounts and tax matters of our Company. He is a qualified Chartered Accountant and is a fellow of the Institute of Company Secretaries of India. He also holds a Bachelor’s degree in Commerce from the University of Calcutta. Prior to joining our company, he was associated with Adani Enterprises Limited as the Vice President, India Power Corporation Limited as the Vice President – Resource Mobilization, Adhunik Power and Natural Resources Limited as the Senior Deputy General Manager (Finance), RDB Industries Limited as the Vice President (Strategic Finance) and J L Morison (India) Limited. 

   

Mr Rajesh Sodhi

Mr Rajesh Sodhi is the Assistant Vice President, Company Secretary and Compliance Officer of our company. He has been associated with us since January 1, 2017, and is responsible for ensuring managerial, secretarial and regulatory compliance of our company. He holds a Bachelor’s degree in commerce from University of Delhi and is a fellow of the Institute of Company Secretaries of India. Prior to joining our Company, he was associated as company secretary at NKG Infrastructure Limited, Surya Food & Agro Limited, Essel Shyam Technologies Limited, BLS Polymers Limited, Padmini Polymers Limited and Shri Vardhman Overseas Limited. 

   

Mr Manish Jha

Mr Manish Jha is the Chief Operating Officer, Renewable Business of our company. He has been associated with us since April 24, 2024, and is responsible for operation of the projects including land acquisition, procurement and projects engineering, planning, development, construction and commission. He holds a Bachelor’s degree in Engineering (Mining) from Indian Institute of Technology, Varanasi. Prior to joining our company, he was associated with the Associated Cements Company as the Assistant Manager – Mines, Renew Power as the Assistant Vice President – Procurement, Solar Philippines Power Projects Holdings Inc. as the Global Head of Engineering, Procurement and Construction and Assistant Management and Mahindra EPC Services Private Limited as the Deputy General Manager – Proposals. 

   

Mr Rahula Kumar

Mr Rahula Kumar Kashyapa is the Chief Commercial Officer and Head – Business Development of our company. He holds a Bachelor’s degree in Engineering (Mechanical) from Tilka Manjhi Bhagalpur University and a Post-graduate Diploma in Management (manufacturing and operations) from S.P. Jain Institute of Management & Research. Prior to joining our company, he was associated with Adani Power Limited as the Associate General Manager, Ernst & Young LLP as a Senior Manager, Tata Consultancy Services Limited as an Assistant Consultant, Accenture Business Services as a Manager and NTPC Limited as the Executive Senior Engineer. 

   

Mr Tushar Goyal

Tushar Goyal is the Assistant Vice President, Regulatory Affairs and Policy of our company. He has been associated with us since February 14, 2022. and is responsible for monitoring and analysing the central and state-level policies, developing strategies to mitigate regulatory risks and responsible for compliance under the PPAs and evacuation agreements entered into by the company. He holds a Bachelor’s degree in Engineering (Mechanical) from Chhattisgarh Swami Vivekanand Technical University, Bhilai and completed an induction training program (Graduate Engineer Trainee) from National Power Training Institute, Faridabad. Prior to joining our company, he was associated with Mytrah Vayu (Sabarmati) Private Limited and Renew Power Limited as Senior Manager (Regulatory). 

   

Mr Ankit Verma

Mr Ankit Verma is the Senior Vice President, Corporate Finance of our company. He has been associated with us since March 28, 2024, and is responsible for raising funds, driving and executing mergers and acquisitions and other strategic opportunities for the Company. He holds a Bachelor’s degree in Technology (Computer Science and Engineering) from Uttar Pradesh Technical University, a Masters’ degree in Management from Indian Institute of Management, Indore and is a qualified Chartered Financial Analyst. Prior to joining our company, he was associated with Sterlite Power Transmission Limited as the Vice President (Mergers and Acquisitions), Hero Future Energies Private Limited as the Chief Manager - Investments, ICICI Bank Limited as a Manager and SBI Capital Markets Limited as a Deputy Manager. 

   

Mr Ashutosh Singh

Mr Ashutosh Singh is the Vice President, Operations and Maintenance (O&M Head) of our company. He has been associated with us since July 4, 2016 and is responsible for performance, maintenance and profitability of our company’s solar and wind farms. He holds a Bachelor’s degree in Technology (Electronics and Communication Engineering) from Dr. A.P. J. Abdul Kalam Technical University, Uttar Pradesh. Prior to joining our company, he was associated with Enrich Solar Service Private Limited as a Senior Engineer. 

   

Mr Ashwani Diwan

Mr Ashwani Diwan is the Vice President, Hyrdro Pump Storage Projects of our Company. He has been associated with us since June 1, 2024 and is responsible for hydro pump storage project business of our company. He holds a Bachelor’s degree in Engineering (Civil) from Amravati University and a Post-graduate Diploma in Personnel Management and Industrial Relations as well as a Post-graduate Diploma in Business Administration from Management Studies Promotion Institute, New Delhi. Prior to joining our company, he was associated with Rishi Ganga Power Corporation Limited as the Chief Executive Officer (Energy), and Smart Hydel Power Limited as the Vice President (Hydro) and Moser Baer India Limited as the Deputy General Manager (Project Development). 

   

Mr Atma Ram

Mr Atma Ram Godara is the Vice President, Human Resources of our company. He has been associated with us since April 5, 2024. and is responsible for developing and executing the HR strategy of the comapny. He holds a Bachelor’s degree in Engineering (Information Technology) from PEC University of Technology, Chandigarh and a Master’s in Arts (Human Resources Management and Labour Relations) form Tata Institute of Social Sciences, Mumbai. Prior to joining our company, he was associated with Bharat Heavy Electricals Limited, Grey Orange India Private Limited as Business Partner (People Operations), Netfilx as HRBP (India), Oyo Hotels and Homes Private Limited as the Human Resources Transformation Lead, Reliance Industries Limited as the Manager (Human Resources) and Samsung India Electronics Private Limited as a Software Engineer. 

   

Mr Amit Maheshwari 

Mr Amit Maheshwari is the Executive Vice President – Legal of our company. Prior to joining our company, he was associated with Trilegal.

   

Mr Kushal Kumar Varshney

Mr Kushal Kumar Varshney is the Assistant Vice President, Information Technology of our company. He has been associated with us since May 3, 2024. and is responsible for information technology strategy, operations and data privacy of the company. He holds a Bachelor’s degree in Engineering (Textile Technology) from Rajiv Gandhi Proudyogiki Vishwavidyalaya, Bhopal and a Master’s degree in Business Administration from Bharti Vidyapeeth, Pune. Prior to joining our company, he was associated with Raymond Limited as Assistant Manager (Information Technology). 

 

 

 

0 +

Portfolio (MW)

0 +

Commissioned (MWp)

0 +

Under Development (MWp)