The Hyderabad-headquartered Fourth Companion Vitality additionally counts IFC, a member of the World Financial institution Group, the Asian Growth Financial institution and Germany’s impression fund DEG, amongst its traders.
An alumnus of Osmania College and in addition a member of the Institute of Firm Secretaries of India (ICSI), Shujath Bin Ali began his profession with Valtech in 2003. In March 2004, he joined Fanuc India Pvt Ltd and subsequently joined Deloitte, the place he rose to turn out to be Affiliate Vice President, Head of Authorized and Firm Secretary. He has additionally labored with Worldwide Paper India and PAREXEL Worldwide – India as Senior Director, Normal Counsel, Compliance Officer & Firm Secretary.
Earlier than becoming a member of Fourth Companion Vitality, Shujath Bin Ali additionally served as World Normal Counsel & Chief Compliance Officer at KKR-backed firm Re Sustainability.
“Shujath is an issue professional and dynamic trade chief. He’s open to revolutionary concepts and all the time thinks outdoors the field,” stated a senior government who has labored with him. “He’s a whole staff participant, and be it together with his superiors, colleagues or his staff members, they communicate extremely about him,” he added.
The event comes at a time when India is witnessing heavy enlargement and funding within the sector. The nation has logged a threefold progress in its renewable energy capability within the final decade, with the put in inexperienced power capability reaching GW, together with giant hydro crops, in comparison with 75.52 GW capability in March 2014, in line with sure media stories.India has set an formidable goal of getting 500 GW of renewable power capability by 2030, which requires the addition of about 50 GW of inexperienced capability each year within the subsequent 5 to 6 years, suggests the stories.