New Delhi: Following the merger of its wholly-owned subsidiary HSCC (India) Limited with NBCC (India) Ltd on July 14, 2026, the Board of Directors of NBCC has appointed Hrishikesh Kumar, Senior Executive Director (Finance), as the Chief Executive Officer (CEO) of HSCC.
In a related leadership change, Saurabh Srivastava, Chief General Manager (CGM), HSCC, has been appointed as the Chief Financial Officer (CFO).
Hrishikesh Kumar Appointed HSCC CEO
Hrishikesh Kumar, who is serving as Senior Executive Director (Finance) at NBCC, will take charge as the CEO of HSCC following its consolidation with the parent company.
The appointment is part of the organisational restructuring undertaken after the merger of HSCC with NBCC.
The move is expected to support a smoother integration of HSCC’s operations with NBCC and help streamline the management structure of the healthcare infrastructure business.
Saurabh Srivastava Named Chief Financial Officer
Along with the appointment of the CEO, Saurabh Srivastava, CGM at HSCC, has been appointed Chief Financial Officer.
The appointment establishes the key executive leadership structure for HSCC following its merger with NBCC.
The leadership changes come as NBCC works to integrate the subsidiary into its organisational framework and rationalise overlapping functions.
NBCC CMD Authorised to Modify HSCC Leadership
It may be underlined that the Chairman and Managing Director (CMD) of NBCC has been authorised to appoint or modify executive leadership positions at HSCC, including the CEO, CFO and COO, as and when required.
However, any such appointment or modification is subject to notification to the NBCC Board.
This arrangement provides flexibility to NBCC’s management to make changes in the leadership structure based on operational requirements following the merger.
HSCC Merger Aims to Streamline Operations
HSCC (India) Limited is a key consultancy and project management organisation specialising in healthcare infrastructure.
The consolidation of HSCC with NBCC is aimed at creating a more streamlined corporate structure and improving operational efficiency.
The merger is expected to help NBCC achieve several objectives, including:
- Streamlining the corporate structure
- Reducing administrative costs
- Lowering regulatory compliance overheads
- Eliminating functional redundancies
- Improving operational efficiency
- Strengthening integration of healthcare infrastructure operations
The restructuring is intended to ensure that overlapping functions and administrative processes are rationalised after the merger.
Merger Aligns With Government CPSE Rationalisation Policy
The consolidation of HSCC with NBCC is also in line with the Government of India’s broader policy of consolidating and rationalising Central Public Sector Enterprises (CPSEs).
The policy aims to create greater scale, improve efficiency and reduce duplication across government-owned enterprises.
The merger of HSCC into NBCC is therefore part of a wider approach to organisational rationalisation and operational consolidation among CPSEs.
Earlier HSCC-NBCC Merger Developments
The appointment of the new HSCC leadership follows a series of developments related to the merger:
- July 14, 2026: HSCC (India) Limited was merged with its parent company, NBCC (India) Ltd.
- April 17, 2026: The strategic merger of HSCC with NBCC received the Government of India’s approval.
- July 18, 2026: The merger of the wholly-owned subsidiary with NBCC was reported following completion of the consolidation process.
- August 19, 2026: Board-level positions in HSCL and HSCC were abolished as part of the organisational restructuring.
The latest appointments further formalise the executive leadership structure following the merger.
About NBCC (India) Ltd
NBCC (India) Ltd is a Central Public Sector Enterprise under the Ministry of Housing and Urban Affairs (MoHUA), Government of India. The company operates in project management consultancy, engineering, procurement and construction, and redevelopment projects across India and overseas. Through its infrastructure and project management expertise, NBCC undertakes major projects for government departments, public sector organisations and other institutions.
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