Prior to starting Amplus Energy, Aggarwal was managing director of AES India the Indian subsidiary of the US fortune 200 company AES Corporation. At AES, Aggarwal was involved as managing director in the development of AES's bulk capacity greenfield project, a 1200 MW electricity plant with a combined captive coalmine in Chhattisgarh. After Aggarwal's departure from AES in March 2010, he tried multiple businesses which almost led him to becoming insolvent, they included bidding for hydrocarbon blocks, setting up a gas plant. Aggarwal started Amplus Energy Solutions in 2010, got the first solar rooftop contract in 2013 and raised from family and friends. In 2015 he secured an investment of US$150 million in equity funding from I Squared Capital., Amplus is one of the largest companies in the OPEX project development space according to Bridge To India, a consultancy and knowledge services provider specialising in renewable energy. In 2019, Amplus was acquired 100% by the Malaysian government's oil and gas company, PETRONAS, for US$ 391 million ; Aggarwal continued to serve as CEO. Aggarwal and his company have been the subject of a case study by Indian Institute of Management, Ahmedabad. Aggarwal writes articles on various industry blogs and newspapers such as LiveMint and VCCircle Infracircle. He also serves in various industry committees as an industry expert, including on the Infrastructure Power Committee of the American Chamber of Commerce in India, India Electricity 2009 Advisory Council, and the Federation of Indian Chambers of Commerce and Industry Power Committee.
Awards and recognition
Aggarwal received the Federation of Indian Chambers of Commerce and Industry young leaders award in 2013 and was featured in Finance-Monthly global CEO awards in 2016. In 2017 he was listed in Solar Quarter magazine's 100 most powerful leaders in the Solar Industry. Aggarwal received the Jury Recognition award – Individual Excellence at the Renewable Energy India 2019 held at IEML, Greater Noida in September 2019. The auditorium where the award felicitation ceremony happened was powered by Amplus Solar's 2 MW Rooftop Solar Plant. Aggarwal has been chosen as one of the 100 Most Powerful Solar Business Leaders in the Indian PV Market and has also featured in the Power100 Map of year 2019 at the Solar Quarter's 3rd Edition of Powerful Solar Business Leaders.
