REC Ltd Appoints Rajesh Kumar Director (Finance); CMD Role Ceases

REC Limited has formally appointed Rajesh Kumar as its Director of Finance, effective April 2, 2026. This appointment ends the additional charge previously held by Chairman and Managing Director (CMD) Jitendra Srivastava for this role.

Appointment Process

Rajesh Kumar was selected for the permanent Director (Finance) role by the Public Enterprises Selection Board (PESB) on December 13, 2025. His appointment received subsequent approval from the Appointments Committee of the Cabinet (ACC) on March 25, 2026. Kumar previously served as Executive Director (Finance) at REC.

CMD's Previous Role

Prior to this formal appointment, CMD Jitendra Srivastava had held the additional charge of Director of Finance since February 1, 2026, following the superannuation of Shri Harsh Baweja.

Impact on Leadership and Operations

Appointing a dedicated, full-time Director of Finance brings specialized oversight and strategic direction to REC's financial operations. This ensures stability and a focused approach to a critical leadership position. With Kumar now leading finance, CMD Jitendra Srivastava can concentrate solely on his primary responsibilities.

Industry Context

REC's structure, with dedicated finance leadership, aligns with that of peers in the infrastructure finance sector. Power Finance Corporation (PFC) and IRFC, both Maharatna PSUs under the Ministry of Power, operate with similar dedicated finance leadership roles vital for strategic execution.

Future Focus

Investors will be observing REC's future financial strategies and resource mobilization plans under Rajesh Kumar's leadership. The continued strategic direction from CMD Jitendra Srivastava in his primary role will also be a focus.