Nikhil Dhingra Appointed Joint MD at ACME Solar Holdings

The Board of Directors of ACME Solar Holdings Limited has approved the appointment of Nikhil Dhingra as Joint Managing Director for a five-year term from October 3, 2026, to October 2, 2031.

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Dhingra’s new appointment supersedes his existing position as Whole-Time Director. He will continue as Chief Executive Officer of ACME Solar Holdings, a role he has held since February 2023.

Extensive Experience

Dhingra brings more than 21 years of experience across infrastructure, renewable energy, investment banking, consulting and technology.

Before taking charge as CEO of ACME Solar Holdings, he served as Chief Executive Officer of Oriental Tollways. His earlier professional experience includes roles with ICICI Securities, PwC, Infosys and SAP Labs, giving him experience across finance, consulting, technology and infrastructure.

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Since joining ACME Solar’s leadership in February 2023, Dhingra has been involved in the company’s capital-raising activities, including Rs 2,900 crore through its initial public offering and Rs 2,800 crore through a qualified institutional placement.

During this period, the company’s standalone net worth increased to Rs 4,951.59 crore, while its credit rating was upgraded to AA-/Stable.

Under his leadership, ACME Solar’s EBITDA has recorded a 52% CAGR since FY24, reaching Rs 2,265 crore in FY26. The company’s operational capacity has increased to 2,990 MW, while its battery storage capacity stands at around 5 GWh. Its contracted portfolio has also reached approximately 8.4 GW.

Dhingra holds a degree in Electrical Engineering from NIT Kurukshetra and is an alumnus of IIM Bangalore.

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About ACME Solar Holdings

ACME Solar Holdings is an Indian renewable energy company focused on developing and operating renewable power projects. Its portfolio includes solar power and battery energy storage projects.

The company has an expanding operational and contracted portfolio across India and is listed on the Indian stock exchanges.