Gujarat-based solar energy solutions provider, Solarium, has appointed CA Himanshu Garg as its new Chief Financial Officer (CFO). Specializing in residential and industrial solar system installations, Solarium recently completed a successful SME listing on the BSE, raising ₹105 crores through its IPO.
Himanshu brings extensive experience in corporate finance, investor relations, and strategic growth, having previously served as Vice President at DeHaat, a leading Agritech platform. At DeHaat, he played a key role in corporate development, overseeing investor relations, mergers & acquisitions (M&A), business finance, and financial planning & analysis (FP&A).
Over the course of his career, Himanshu has held leadership roles at DeHaat (Agritech), Healthkart (Brand & Omnichannel), Clarks (Brand & Retail), and Ernst & Young (Assurance). At Clarks India, he contributed to its expansion into a ₹150+ crore business, while at Healthkart, he played a key role in driving its growth from ₹300 crore to ₹600+ crore. During his tenure at DeHaat, the company scaled significantly, growing from ₹1,300 crore to ₹3,000+ crore. He has also been instrumental in raising over ₹800 crore in funding, executing M&A deals worth ₹150+ crore, and driving P&L optimization through cross-functional integrations.
A Chartered Accountant by profession, Himanshu also holds a Diploma in Information Systems Audit and a certification in International Taxation. He is an alumnus of Kirori Mal College, Delhi University.
With its successful stock market listing, Solarium is now poised for its next phase of expansion. The company closed FY24 with revenues of ₹178 crores and a profit after tax of ₹16 crores. It has a strong presence in residential rooftop solar projects, along with a growing footprint in the commercial and industrial (C&I) segment. Additionally, the company is expanding into government-backed projects as an EPC supplier.
As Solarium moves forward with its new funding and broader stakeholder base, the appointment of a seasoned financial leader like Himanshu Garg is expected to play a key role in shaping the company’s strategic growth path.
