New Delhi: The Public Enterprises Selection Board (PESB) has recommended Mr. Rajesh Kumar Agarwal for the position of Director (Finance) at Power Finance Corporation Limited (PFC), a top Schedule A public sector undertaking. The decision was made during PESB Meeting No. 7 of 2026 held on January 28, 2026.
Rigorous Selection Process
Mr. Rajesh Kumar Agarwal, currently serving as Executive Director (Finance) at PFC, emerged as the preferred candidate after a detailed evaluation of senior PSU finance executives. PESB assessed candidates on corporate finance expertise, treasury management, and leadership skills, ensuring the most suitable person was chosen for this critical role.
A total of eleven senior executives were interviewed, including:
- Mr. Pawan Kumar – Executive Director & Chief Compliance Officer, PFC
- Mr. Venugopal Yakasiri – Executive Director, PFC
- Mr. Mohan Lal Kumawat – Executive Director (Finance), REC Limited
- Mr. Mohammad Salim – Chief General Manager, PFC
- Mr. Surendra Kumar Sharma & Mr. Dhiraj Mehta – IREDA
- Mr. Chakresh Kumar Jain, Mr. Pramod Jain, Mr. Prabhat Himatsingka – Indian Oil Corporation
- Mr. Nagendra Kumar Mishra – CFO, Patratu Vidyut Utpadan Nigam Limited
After careful deliberation, PESB recommended Mr. Rajesh Kumar Agarwal citing his extensive experience in corporate finance, treasury operations, and PSU leadership.
Read also: PFC Launches Third Public Issue of Secured NCDs to Raise Up to Rs 5,000 Crore for Power Sector
Appointment Subject to Government Approval
The final appointment will be confirmed after the Government of India’s approval, in accordance with standard PSU procedures.
About Power Finance Corporation (PFC)
Power Finance Corporation Limited (PFC) is a leading financial institution in India specializing in funding and supporting the power sector. Headquartered in New Delhi, PFC plays a crucial role in financing power generation, transmission, and renewable energy projects across the country. It is a Schedule A public sector undertaking under the Ministry of Power.
