New Delhi: The Government of India has appointed Rajesh Kumar Agarwal as the new Director (Finance) of Power Finance Corporation Limited (PFC), effective 23 April 2026. He was earlier serving as Executive Director (Finance) at the organization since January 2024.
Strong Experience in Power and Financial Sectors
Agarwal brings with him over 31 years of extensive experience across the power and financial sectors. His expertise spans key areas such as:
- Corporate accounts and taxation
- Fund management and banking operations
- Lending policy compliance
- Restructured asset management
- Fund raising and loan disbursement
He is known for handling complex financial structures and contributing to institutional efficiency in public sector enterprises.
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Educational Background and Professional Credentials
He holds a Bachelor’s degree in Commerce (Honours) and is a Member of the Institute of Cost Accountants of India. His academic and professional background has supported his long-standing career in financial governance and policy implementation.
Key Contributions at PFC
Since joining PFC in 2009, Agarwal has worked across multiple cross-functional roles. His contributions include:
- Strengthening financial reporting systems
- Leading digital transformation initiatives
- Improving efficiency in fund raising and loan operations
- Managing compliance frameworks and restructuring processes
He has also been actively involved in promoting digital reforms within the organization and has been a speaker at various professional forums.
Previous Experience in Leading Power Sector Organizations
Before joining PFC, Agarwal worked with major power sector entities including:
- NTPC Limited
- Nuclear Power Corporation of India Limited (NPCIL)
- Delhi Transco Limited
In these roles, he contributed to critical areas such as tariff management, power purchase agreements (PPAs), and implementation of sectoral reforms.
About Power Finance Corporation
Power Finance Corporation Limited (PFC) is a leading public financial institution under the Government of India, primarily engaged in financing the power sector. It plays a crucial role in supporting infrastructure development, funding generation and transmission projects, and ensuring financial stability in India’s energy ecosystem.
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