PESB Rejects All Candidates for Director (Finance) Role at RVNL

New Delhi: The Public Enterprises Selection Board (PESB) has not recommended any candidate for the post of Director (Finance) at Rail Vikas Nigam Limited (RVNL) following its selection meeting held on December 17, 2025.

The decision was taken during PESB Meeting No. 121/2025, which commenced at 3:45 PM. After interviewing the shortlisted candidates, the Board concluded that none were suitable for recommendation at this stage.

Next Course of Action

As per the official minutes (Minute No. 4), PESB has advised the Administrative Ministry/Department to decide the next steps. This may include initiating a Search-cum-Selection Committee (SCSC) process or adopting any other suitable selection mechanism, subject to approval of the competent authority.

Candidates Interviewed

The following ten senior finance professionals from leading PSUs and Indian Railways were interviewed for the post:

• Shri Mahesh Chand Bansal – Senior Executive Director (Finance), NBCC (India) Limited

• Shri Alin Roy Choudhury – CFO & CGM (Finance), IRCON International Limited

• Shri Jatin Kumar Nayak – Executive Director (Finance), REC Limited

• Shri Satish Kumar Sinha – Executive Director (Finance & Accounts), GAIL (India) Limited

• Shri Ajay Sinha – CGM (Finance – Business Development), Indian Oil Corporation Limited

• Smt. Anju Thakur – Executive Director (Finance – Corporate Accounts & Taxation), HUDCO

• Shri Nirmal Kumar Singh – Chief General Manager, Steel Authority of India Limited (SAIL)

• Shri Pankaj Gupta – General Manager, GAIL (India) Limited

• Shri Raj Krishan – General Manager (Finance & Accounts), ONGC

• Shri Amar Jit Gautam – Principal Financial Advisor, North Eastern Railway

About the Post

The position of Director (Finance), RVNL, is a Schedule ‘A’ board-level role and plays a critical part in overseeing the financial strategy, capital structuring, and project financing of the railway infrastructure PSU.

The post will remain vacant until a fresh selection process is finalized and approved by the competent authority.