New Delhi: In a significant leadership development at HLL Lifecare Limited, Mr Remesh P, currently serving as Chief Financial Officer (CFO) of the company, has been recommended for the post of Director (Finance) by the Public Enterprises Selection Board (PESB). The recommendation was made during a selection meeting held on May 5, 2025, and is now subject to final approval by the competent authority.
Selected from a Strong Pool of PSU Finance Leaders
Remesh emerged as the top choice among 10 candidates who were interviewed for the key role. The candidates represented a wide cross-section of India’s top public sector undertakings (PSUs), including:
- Four candidates from Bharat Heavy Electricals Limited (BHEL)
- One each from Rashtriya Ispat Nigam Limited (RINL), Steel Authority of India Limited (SAIL), Bridge and Roof Company (India) Limited, HPCL Biofuels Limited, Cotton Corporation of India Limited, and HLL Lifecare Limited itself.
This competitive field highlights the recognition of Remesh’s capabilities and deep understanding of HLL’s financial and operational ecosystem.
Proven Financial Leadership at HLL
Remesh P, who is based in Thiruvananthapuram, Kerala, has been instrumental in managing the financial operations of HLL Lifecare Ltd as CFO. His tenure has seen focused efforts on financial prudence, regulatory compliance, and strategic budget management. His internal promotion reflects both confidence in his leadership and a continuity of financial strategy for the organization.
As Director (Finance), he will oversee the company’s entire financial portfolio, including budgeting, financial planning, audit compliance, and policy-level financial strategy. He will also play a crucial role in aligning financial functions with the company’s expanding mandate in healthcare products manufacturing, innovation, and service delivery.
List of Interviewed Candidates (PESB Meeting, May 5, 2025):
- Remesh P – Chief Financial Officer, HLL Lifecare Limited
- Dileep Kumar Srivastava – DGM (F&A)-RFM North, Rashtriya Ispat Nigam Limited (RINL)
- Ashok Kumar Mall – AGM Finance, CMS Bhopal, Bharat Heavy Electricals Limited (BHEL)
- Anant Narayan – AGM (Internal Audit – PSWR), BHEL
- Amal Kumar Chakrabarty – CFO, BHEL
- Hemant Sota – AGM (Internal Audit), BHEL
- Rajesh Kumar – Executive Director (Finance), Bridge and Roof Company (India) Limited
- Krishna Kumar Chaudhary – GM (F&A), SAIL
- Prakash Kumar – CFO, HPCL Biofuels Limited
- Rajendra Shah – GM, Cotton Corporation of India Limited
The appointment of Remesh P is expected to provide stable, experienced financial stewardship as the company continues to expand its operations domestically and internationally.
About HLL Lifecare Ltd
HLL Lifecare Limited is a Schedule B Central Public Sector Enterprise (CPSE) under the Ministry of Health & Family Welfare, Government of India. The company plays a vital role in India’s healthcare sector, manufacturing and supplying a wide range of products such as contraceptives, pharmaceuticals, surgical equipment, and operating retail medical infrastructure such as diagnostic labs and pharmacies. With a core mission to support affordable and accessible healthcare in India, HLL’s financial management is pivotal to its growth and public health impact.
