🏛️ Governance · Leadership · Vision

Board of Directors
& Leadership Team

BARREL is governed by a distinguished Board uniting promoter vision, technical expertise, strategic counsel and independent oversight — collectively steering India's next-generation energy enterprise toward a clean, prosperous future.

Promoter Directors Executive Directors Technical Directors Non-Executive Directors Group & Associate Directors Advisory & Compliance
Founding Vision

Promoter Directors

BARREL was founded and is promoted by a family of visionaries committed to transforming India's energy landscape — combining entrepreneurial drive with deep sectoral expertise.

Lead Promoter
SS

Stena Shah

Managing Promoter Director

Principal architect of BARREL's vision and strategy. Common Director across MSP Energy Infra, Niccau Industries, Bharat Agrovoltaic Industries, Halix Bharat and multiple Group SPVs. The driving force behind BARREL's multi-vertical energy platform.

YS

Yakshni Shah

Promoter Director

Co-promoter and strategic partner in BARREL's inception and growth journey. Also a co-promoter of Manee Foundation — the Section 8 charitable entity holding BARREL's 26% philanthropy stake in perpetuity.

MS

Marjaan Shah

Promoter Director

Co-promoter bringing continuity of values and governance principles across the BARREL Group. Also a co-promoter of Manee Foundation, ensuring the Group's philanthropic commitments remain protected and permanent.

Philanthropy & Social Charter

Manee Foundation — Our Commitment to Society

🌱

Manee Foundation

Section 8 Company · Non-Profit

BARREL has irrevocably committed 26% of its equity to Manee Foundation — a Section 8 (non-profit) company — as a permanent act of social philanthropy. This equity stake is non-dilutable and non-transferable, enshrined in perpetuity to protect BARREL's commitment to social good regardless of any future growth, funding rounds, or corporate restructuring.

Manee Foundation is promoted by the common promoters of BARREL — Stena Shah, Yakshni Shah and Marjaan Shah — ensuring alignment between corporate purpose and charitable mission. The Foundation's income from this stake will be deployed toward education, rural development, clean energy access for underserved communities, and farmer welfare aligned with BARREL's agrovoltaic mission.

26%Equity Stake
Non-DilutableProtected Forever
Non-TransferableCharity in Perpetuity
Section 8Non-Profit Status
Stena Shah — Co-Promoter Yakshni Shah — Co-Promoter Marjaan Shah — Co-Promoter
Board Composition

Executive Directors

Seasoned professionals appointed to the Board bringing domain expertise, governance strength and operational leadership to BARREL's growing enterprise.

JS

Mr. Jitendra Shah

Director Executive Director
CP

Mr. Chandulal Patel

Director Executive Director
CN

Mr. Chhabu Nagare

Director Executive Director
AP

Mr. Anil Pagar

Director Executive Director
AG

Mr. Ashruba Garad

Director Executive Director
AK

Mrs. Asha Kalantri

Director Executive Director
Engineering Leadership

Technical Executive Directors — Projects

Specialists in energy infrastructure and project execution, providing hands-on technical leadership across BARREL's engineering, construction and commissioning operations.

HP

Mr. Hemant Pathak

Technical Executive Director – Projects Technical · Projects
DN

Mr. Datta Nagare

Technical Executive Director – Projects Technical · Projects
DP

Mr. Dilip Patil

Technical Executive Director – Projects Technical · Projects
Group Representation

Non-Executive Directors — Group & Associate Companies

Distinguished directors representing BARREL's broader corporate ecosystem — bringing cross-company governance experience and strengthening the Group's integrated oversight framework.

RP

Mr. Rohit Patel

Non-Executive Director Non-Executive
YP

Mr. Yash Patel

Non-Executive Director Non-Executive
VN

Mr. Vishwajeet Nagare

Non-Executive Director Non-Executive
KN

Mr. Krishna Nagare

Non-Executive Director Non-Executive
AK

Mr. Amal Krishna Pillai

Non-Executive Director Non-Executive
PK

Ms. Priyanka Kumari Sharma

Non-Executive Director Non-Executive
PP

Mrs. Priyanka Pathare

Non-Executive Director Non-Executive
SM

Mr. Shamlal Mohekar

Non-Executive Director Non-Executive
KK

Mrs. Kranti Kale

Non-Executive Director Non-Executive
KU

Mrs. Kulkarni

Non-Executive Director Non-Executive
SR

Mrs. Sarala Mohekar

Non-Executive Director Non-Executive
Corporate Ecosystem

BARREL Group — Associated Companies

Stena Shah — Lead Promoter of BARREL — serves as common Director and holds major stakes across the following Group and Associate Companies, forming an integrated clean energy conglomerate.

MSP Energy Infra Pvt Ltd
🏭
Niccau Industries Limited
Niccau Energy Infra Limited
🔬
Niccau Green Hydrogen Pvt Ltd
🌾
Bharat Agrovoltaic Industries Limited
🚀
Halix Bharat Limited
☀️
Solar Baba
🔋
Lithium Valley India Inc.
☀️
Maha Solar Park
💨
Maha Wind Park
🌾
Maha Agrovoltaic Park
💧
Maha Floating Park
🌞
Jalaram Solar Energy LLP
🔋
Niccau Renewable Energy Limited
🏗️
Group SPVs (Various)
Expertise & Compliance Support

Advisory, Technical & Professional Support

The Board is ably supported by a multi-disciplinary ecosystem of technical experts, industrial professionals, legal counsel and compliance specialists — ensuring BARREL operates with excellence at every level.

👷

Technical Experts

Sector specialists in solar, wind, hydro, nuclear and BESS technologies supporting project design, engineering review and innovation across all BARREL verticals.

🏭

Industrial Professionals

Senior industry practitioners with hands-on experience in large-scale energy infrastructure, EPC execution and supply chain management advising the Board on operational matters.

📊

Chartered Accountants (CA)

Qualified CA professionals ensuring rigorous financial reporting, audit compliance, taxation structuring and fiscal discipline across the BARREL Group entities.

📝

Company Secretaries (CS)

Experienced CS professionals managing statutory filings, board meeting compliances, shareholder matters and governance obligations under the Companies Act and SEBI regulations.

⚖️

Legal Counsel & Advocates

A panel of specialized advocates handling regulatory approvals, land acquisition law, power purchase agreements, environmental clearances and dispute resolution across jurisdictions.

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Regulatory & Compliance

Dedicated teams managing CERC, SERC, MoEF, CEA and other regulatory interfaces — ensuring seamless approvals and continuous statutory compliance for all project activities.

Governance Philosophy

Guided by Purpose, Governed with Integrity

BARREL's governance structure is designed for the long term — combining the entrepreneurial energy of its promoters, the technical depth of its project directors, the oversight of its non-executive directors, and the permanent social accountability anchored through Manee Foundation's 26% perpetual equity stake. Every decision at BARREL is made with three stakeholders in mind: investors, communities, and generations yet to come.

Transparent Governance Sustainable Leadership Statutory Compliance Social Accountability Long-Term Value Creation

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