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New Delhi: The Public Enterprises Selection Board (PESB) has recommended Shri Rajesh Kumar Agarwal for appointment as Director (Finance) of Power Finance Corporation Limited, a Schedule A public sector undertaking.
The recommendation was made during PESB Meeting No 7 of 2026, held at 11:00 AM on Wednesday, January 28, 2026. The meeting focused on selecting the most suitable candidate for the top finance leadership position at Power Finance Corporation Limited.
Shri Rajesh Kumar Agarwal, currently serving as Executive Director (Finance) at Power Finance Corporation Limited, was chosen following a detailed interview process. PESB evaluated his experience, leadership credentials, and expertise in corporate finance and treasury management before recommending him for the position.
A total of eleven senior executives were interviewed, representing top finance and leadership talent from public sector units and government organisations. Other candidates included Shri Pawan Kumar, Executive Director and Chief Compliance Officer at Power Finance Corporation; Shri Venugopal Yakasiri, Executive Director at Power Finance Corporation; Shri Mohan Lal Kumawat, Executive Director (Finance) at REC Limited; Shri Mohammad Salim, Chief General Manager at Power Finance Corporation; Shri Surendra Kumar Sharma and Shri Dhiraj Mehta from Indian Renewable Energy Development Agency Limited; and Shri Chakresh Kumar Jain, Shri Pramod Jain, and Shri Prabhat Himatsingka from Indian Oil Corporation Limited. Shri Nagendra Kumar Mishra, Chief Financial Officer of Patratu Vidyut Utpadan Nigam Limited, was also interviewed.
Following the selection process, PESB recommended Shri Rajesh Kumar Agarwal as the preferred candidate for the role of Director (Finance), highlighting his extensive experience in corporate finance, treasury operations, and leadership in the power finance sector.
The final appointment is subject to the approval of the Government of India as per standard PSU selection procedures.