Date: October 1, 2026
Management Appointment Details
SWELECT Energy Systems Limited has appointed Pradeep Kumar Madhur as Chief Business Officer (CBO), effective October 1, 2026. The appointment was made through a press release dated October 1, 2026, and intimated to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Role and Responsibilities
Mr. Madhur will lead sales and business development across the company's Engineering, Procurement and Construction (EPC), Independent Power Producer (IPP), channel and solar module businesses. The appointment is aimed at strengthening SWELECT's commercial strategy by bringing its key business verticals under a unified leadership structure.
Strategic Rationale
The unified leadership structure will enable the company to align its sales and business development efforts across the solar value chain, offering customers an integrated portfolio spanning:
- Rooftop and ground-mounted solar projects
- Long-term solar power solutions
- Solar modules
Appointee Background and Experience
Pradeep Kumar Madhur brings over 17 years of experience in the solar and power infrastructure sectors across India and the Asia-Pacific region. His expertise spans:
- Solar module and inverter sales
- Business development
- Market expansion
Previous Roles:
- Senior Director and Country Business Leader at Lerri Solar Technology India (LONGi Solar)
- Led a business generating over USD 1 billion annually
- Under his leadership, LONGi's India business rose from 17th position to No. 1 in the market within a year
- Maintained No. 1 position from 2020 to 2022
- Part of the founding team at Sungrow India
- Played key role in establishing company's presence in solar inverter market
- Over 4 GW deployed during first three years
- Positions at Raychem RPG and Crompton Greaves
- Worked across power systems
- Managed key accounts for large thermal power and high-voltage grid projects
Educational Qualifications
- Bachelor's degree in Electrical and Electronics Engineering from M.S. Ramaiah Institute of Technology
- MBA in International Business
Management Commentary
Dr. Arulkumar Shanmugasundaram, CEO and Managing Director, stated:
"Pradeep brings significant experience in building and scaling businesses in India's solar industry, having held leadership roles at Sungrow and LONGi. As we expand across EPC, IPP, solar modules and energy storage, strengthening our commercial leadership will be important to driving growth across these businesses and delivering greater value to customers. His experience in market development and customer engagement will support our efforts to scale our integrated solar offerings."
Pradeep Kumar Madhur commented:
"I am pleased to join SWELECT at an important time for India's renewable energy sector. The company's combination of in-house manufacturing, EPC capabilities, an IPP portfolio and four decades of expertise in power electronics provides a strong foundation for growth. I look forward to working with the team to strengthen our market presence, deepen customer relationships and deliver integrated solar solutions."
Company Background
SWELECT Energy Systems Limited was established in 1984 as a UPS and Power Protection Systems leader and has emerged as a leading solar power solutions company. The company has three core businesses:
1. IPP Business with Energy Sales to C&I and Government Customers
2. Ground Mounted and Rooftop EPC business
3. Channel-driven product business (Home, BESS solutions) for Residential and Commercial customers
The businesses are built on a strong manufacturing base of Solar Photovoltaic (PV) Modules, Module Mounting Structures (MMS), String Combiner Boxes, ACDB, and DCDB. The company has vertically integrated manufacturing structure offering MADE IN SWELECT products.
SWELECT carries the legacy of Numeric, India's leading UPS solutions brand, and transitioned from Numeric to SWELECT in 2012, symbolizing its evolution from "Power to Energy".