Delhi: Rajesh Kumar has officially assumed charge as the Director (Finance) of REC Limited, effective 2nd April 2026. The appointment was approved by the Appointments Committee of the Cabinet (ACC) on 25th March 2026, following a proposal from the Ministry of Power for a five-year tenure.
Seasoned Finance Professional Brings Over 30 Years of Experience
Rajesh Kumar is a veteran finance professional with over three decades of expertise in public sector financing, particularly in the power and infrastructure domains. His experience spans accounts, taxation, audit, treasury, project appraisals, and regulatory compliance.
He holds a Bachelor’s degree in Commerce from Ram College of Commerce, Delhi University, and possesses dual professional qualifications as a Chartered Accountant (CA) and Cost & Management Accountant (CMA).
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Strategic Leadership and Innovations in Finance
Throughout his career, Kumar has played a key role in enhancing financial efficiency and resource mobilization. He has been instrumental in structuring innovative bonds, including Tax-Efficient Hybrid Bonds, Perpetual Bonds with AAA rating, CBDT-notified Zero Coupon Bonds, and Capital Gain Bonds, significantly expanding REC’s investor base.
His strategic oversight has covered multilateral funding, asset-liability management, ESG projects, IT transformation, and complex tax matters, resulting in substantial cost savings for the corporation.
Contributions to Sectoral Governance
Kumar’s expertise extends beyond internal operations. He has represented REC as a Board Member in various DISCOMs and transmission companies, reinforcing the organization’s governance role in India’s power sector. His leadership has strengthened REC’s position in financing energy transition and infrastructure projects across the country.
Prior Roles and Achievements at REC
Before being elevated as Director (Finance), Kumar served as Executive Director (Finance) at REC Limited, where he spearheaded financial strategy and growth initiatives. He also served as Chief Executive Officer of REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary, driving projects in renewable energy, interstate transmission, and smart metering.
Kumar’s career includes a decade with a public sector engineering and project consultancy enterprise, followed by over 20 years at REC Limited, developing deep expertise in power sector financing and resource mobilization.
REC Limited’s Path Forward
Kumar assumes leadership at a critical juncture as REC Limited undertakes restructuring to achieve scale and efficiency within public sector non-banking financial companies (NBFCs). His experience in strategic investments, innovative financing, and resource mobilization is expected to play a vital role in the corporation’s long-term growth and contribution to India’s energy infrastructure.
About REC Limited
REC Limited is a leading public sector financial company under the Ministry of Power, Government of India. Established to finance power and infrastructure projects across the country, REC supports the nation’s energy transition and sustainable development initiatives.
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