REC Limited has officially appointed Shri Rajesh Kumar as its new Director (Finance), effective April 2, 2026. Bringing over 30 years of experience in financial management, taxation, and audit, Kumar assumes this critical leadership role for a five-year term. His appointment marks a transition in the company’s financial governance, with Shri Jitendra Srivastava, CMD, relinquishing the additional charge of the finance portfolio upon Kumar’s assumption of the office.
Leadership Transition at REC Limited
REC Limited announced the appointment of Shri Rajesh Kumar as the company’s Director (Finance), effective April 2, 2026. The appointment is for a tenure of five years from the date of assumption of charge or until further orders. Following this appointment, the additional charge of the finance department previously held by Shri Jitendra Srivastava, the company’s CMD, has ceased.
Background and Professional Expertise
Shri Rajesh Kumar is a seasoned finance professional holding dual qualifications as a Chartered Accountant (CA) and a Cost & Management Accountant (CMA). A graduate of Shri Ram College of Commerce, Delhi University, he brings over 30 years of extensive experience in accounts, audit, treasury management, and project appraisal. Before this appointment, he served as an Executive Director at REC Limited and has previously held the position of CEO of REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of the firm.
Strategic Contributions to Financial Growth
Throughout his two-decade tenure at the company, Shri Kumar has been a central figure in shaping its financial strategy. He has spearheaded critical initiatives, including:
- Resource Mobilization: Introducing innovative instruments such as Tax-Efficient Hybrid Bonds, AAA-rated Perpetual Bonds, and Zero Coupon Bonds.
- Cost Management: Successfully reducing overall borrowing costs and diversifying the investor base.
- Operational Excellence: Overseeing multilateral funding, ESG project implementation, and large-scale IT transformation within the organization.
His deep expertise in power sector financing is expected to continue driving the company’s strategic goals in renewable energy and smart infrastructure initiatives.
Source: BSE
