Rail Vikas Nigam Limited (RVNL) announced the appointment of Shri Rakesh Bhalla as a Non-Official (Independent) Director to its Board. The appointment, effective August 13, 2026, is for a period of three years or until further orders. Bhalla brings over 36 years of finance and industry experience, including leadership roles at SML Isuzu Ltd. and advisory functions. This appointment aims to strengthen the company’s governance and strategic oversight.
RVNL Board Strengthened with Independent Director Appointment
Rail Vikas Nigam Limited (RVNL) has officially welcomed Shri Rakesh Bhalla as a Non-Official (Independent) Director to its Board of Directors. The Ministry of Railways, Government of India, conveyed this appointment through an order dated August 13, 2026. This strategic move is designed to bolster the company’s governance structure and enhance strategic decision-making processes.
Appointment Details and Term
Shri Rakesh Bhalla’s appointment is effective from August 13, 2026, and he will serve for a term of three years. This tenure is subject to immediate effect or until further orders are issued, whichever comes earlier. The company affirmed compliance with SEBI regulations and confirmed that Shri Bhalla is not debarred from holding such office.
Background and Expertise of New Director
Shri Rakesh Bhalla is a seasoned finance professional and a Fellow Member of the Institute of Cost Accountants of India (CMA). He possesses over 36 years of extensive industry experience, primarily with SML Isuzu Ltd. (formerly Swaraj Mazda Limited). During his tenure, he held significant positions in various departments, including Internal Audit, Taxation, Finance, and Accounts. He also led the IT Department and served as Chief Financial Officer (CFO) and Chief Risk Officer (CRO) at SML Isuzu Limited until September 2025. Post-retirement, he founded “RBAC Advisory Consortium Pvt. Ltd.” and maintains active associations with ASSOCHAM and the Institute of Materials Management (IIMM).
List of Directors Updated
The updated List of Directors for Rail Vikas Nigam Limited, as of August 14, 2026, following Shri Bhalla’s appointment, includes Shri Saleem Ahmad as Chairman & Managing Director, Smt. Anupam Ban (Director-Personnel), Shri Mritunjay Pratap Singh (Director-Operations), Shri Amit Tandon (Director-Projects), Shri Abhishek Kumar (Director-Finance), and Shri Naresh Chandra Karmali and Shri Bhartesh Kumar Jain as Govt. Nominee Directors. Shri Surender Singh and Shri Rakesh Bhalla are listed as Independent Directors.
Source: BSE
