Rajesh Kumar Agarwal Appointed Director (Finance) on Board of Power Finance Corporation Ltd
Power Finance Corporation Limited (PFC), a Government of India Undertaking, has announced the assumption of charge of Shri Rajesh Kumar Agarwal as Director (Finance) on its Board. The appointment was made following communication from the Ministry of Power, Government of India, citing the company's Articles of Association.Shri Rajesh Kumar Agarwal assumed the role of Director (Finance) on April 23, 2026. This appointment is for a period of five years, effective from the date of assumption of charge or until further orders.
The details regarding the assumption of charge are as follows:
| Area | Detail |
|---|---|
| Director Name | Shri Rajesh Kumar Agarwal (DIN: 09699001) |
| Role | Director (Finance) |
| Date of Appointment | 23.04.2026 |
| Appointment Duration | Five years |
| Mandate Source | Ministry of Power, Government of India |
The appointment marks a significant development for PFC, given Shri Agarwal’s extensive background in the power and financial sectors.
Professional Profile and Experience
Shri Rajesh Kumar Agarwal possesses a distinguished career spanning over 31 years. He holds a Bachelor's degree in Commerce (Honours) and is a Member of the Institute of Cost Accountants of India.Prior to this board appointment, Shri Agarwal served as the Executive Director (Finance) at PFC since January 1, 2024. During his tenure at PFC, which began in 2009, he managed various cross-functional teams and acquired diversified experience. His expertise covers areas such as Corporate Accounts, Taxation, Fund Management & Banking, Lending Policy Compliance, Restructured Assets Management, and Fund Raisings and Loan Disbursement.
His career at PFC has been marked by instrumental contributions to spearheading digital reforms and achieving excellence in financial reporting. Furthermore, Shri Agarwal is a distinguished speaker at various professional forums. Before joining PFC, he accumulated rich experience in other Power Sector Companies, including NTPC, NPCIL, and DTL.
His experience also encompasses core finance functions, along with other key areas like Tariff Matters, PPA Negotiations, and the implementation of Ahluwalia Committee Reforms in the Power Sector.
The company confirmed that Shri Rajesh Kumar Agarwal is not debarred from holding the office of Director by virtue of any SEBI Order or any other such authority.
PFC Stock Price Movement
Power Finance Corporation Limited shares today slipped by 0.06%, settling at ₹469.8 after market hours. The equity saw considerable post-market interest, trading a total volume of 6.71 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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