Power Finance Corporation Ltd. has officially announced the appointment of Shri Rajesh Kumar Agarwal as the new Director (Finance), effective from April 23, 2026. With over 31 years of experience in the power and financial sectors, Agarwal brings extensive expertise in corporate accounts, fund management, and digital financial transformation to the company’s leadership board.
Leadership Transition
Shri Rajesh Kumar Agarwal has formally assumed the role of Director (Finance) at Power Finance Corporation (PFC) as of April 23, 2026. His appointment is for a tenure of five years, as per the directive from the Ministry of Power, Government of India. Prior to this elevation, he served as the Executive Director (Finance) at PFC, a position he held since January 1, 2024.
Professional Background and Expertise
Shri Agarwal is a seasoned finance professional, holding a Bachelor’s degree in Commerce (Honours) and membership in the Institute of Cost Accountants of India. His career spans over three decades, during which he has developed deep domain expertise in:
- Corporate Finance and Accounts
- Fund Management and Banking
- Restructured Assets Management
- Digital Financial Reforms
Before his long-standing tenure at PFC, which began in 2009, Agarwal gained significant experience working with other major entities in the power sector, including NTPC, NPCIL, and DTL. His background includes handling critical areas such as Tariff Matters, PPA Negotiations, and the implementation of Ahluwalia Committee Reforms, positioning him as a key leader for the company’s ongoing financial strategies.
Source: BSE
