New Delhi, April 02: Rajesh Kumar has assumed charge as Director (Finance) at REC Limited on April 2, 2026.
On March 25, 2026, the Appointments Committee of the Cabinet (ACC) approved the proposal from the Ministry of Power for his appointment as Director (Finance) at REC Limited for a period of five years.
An official spokesperson, while talking to Kashmir Convener, said that Rajesh Kumar is a seasoned finance professional with over 30 years of experience in the public sector, particularly in power and infrastructure financing. He has multidimensional expertise in accounts, taxation, audit, treasury, project appraisal and regulatory compliance.
He holds a Bachelor’s degree in Commerce from Ram College of Commerce, University of Delhi and possesses dual professional qualifications as a Chartered Accountant (CA) and Cost & Management Accountant (CMA).
Prior to this elevation, Kumar served as Executive Director (Finance) at REC Limited, where he played a pivotal role in shaping the organisation’s financial strategy and growth.
His career includes a decade-long stint with a Central Public Sector Enterprise engaged in engineering and project consultancy, followed by over 20 years of dedicated service at REC Limited under the Ministry of Power, where he developed deep expertise in power sector financing and resource mobilisation.
Kumar has also served as Chief Executive Officer of REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary, where he led strategic initiatives across renewable energy, inter-state transmission projects and smart metering, the spokesperson added.
During his tenure at REC Ltd., Kumar has been instrumental in managing diverse and complex financial portfolios, demonstrating exceptional leadership in finance and resource mobilisation.
He played a key role in transforming REC’s domestic resource mobilisation strategy by introducing innovative bond structures, including tax-efficient hybrid bonds, AAA-rated perpetual bonds, CBDT-notified zero-coupon bonds and capital gain bonds. These initiatives helped expand the investor base and significantly reduce the overall cost of borrowings.
He has also provided strategic oversight in multilateral funding, asset-liability management, ESG initiatives and IT transformation within the organisation.
His innovative approach led to the structuring of new financial instruments and the formulation of business policies that strengthened the company’s financial position. Additionally, he contributed to resolving complex tax matters, resulting in significant savings for the corporation.
Beyond internal operations, he has contributed to broader sectoral stability by representing REC as a board member in various DISCOMs and transmission companies, reinforcing his role in governance within the industry.
The spokesperson emphasised that Rajesh Kumar’s appointment comes at a crucial juncture, as REC undertakes restructuring aimed at achieving scale and efficiency within public sector NBFCs.
As the corporation navigates this phase of consolidation while continuing to lead financing in India’s energy transition and infrastructure development, his expertise in strategic investments and resource mobilisation will be vital in achieving long-term financial goals.
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