Indian Bureaucracy News, New Delhi, April 02, 2026 | Shri Rajesh Kumar has assumed charge as Director – Finance, REC Limited, on April 2, 2026. His appointment was approved by the Appointments Committee of the Cabinet (ACC) based on the proposal of the Ministry of Power, for a tenure of five years.
Shri Kumar is a seasoned finance professional with over three decades of extensive experience in the public sector, particularly in power and infrastructure financing. He possesses multidimensional expertise spanning accounts, taxation, audit, treasury, project appraisal, and regulatory compliance. He holds a Bachelor’s degree in Commerce from Shri Ram College of Commerce, University of Delhi, and is professionally qualified as both a Chartered Accountant (CA) and a Cost and Management Accountant (CMA).
Shri Kumar has also served as Chief Executive Officer of REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, where he led strategic initiatives across renewable energy, inter-state transmission projects, and smart metering.
During his tenure at REC Limited, Shri 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, Perpetual Bonds with AAA rating, CBDT-notified Zero Coupon Bonds, and Capital Gain Bonds. Through these initiatives, he consistently expanded the investor base and achieved meaningful reductions in the overall cost of borrowings. He has also provided strategic oversight across multilateral funding, asset liability management, ESG projects, and IT transformation within the organisation.
His capacity for innovation led to the structuring of novel financial instruments and the initiation of new business policies that enhanced the company’s financial standing. Additionally, he has supported the organisation in addressing 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 of various power distribution companies (DISCOMs) and transmission companies, reinforcing his role as a pillar of governance in the industry and financial discipline.
Shri Rajesh Kumar’s appointment comes at a significant juncture as REC undertakes restructuring aimed at achieving scale and efficiency within the public sector non-banking financial company (NBFC) framework. As the corporation navigates this phase of consolidation while continuing to lead the financing of India’s energy transition and infrastructure development, his profound expertise in strategic investments and resource mobilisation will be vital in achieving the organisation’s long-term financial goals.
Indian Bureaucracy News wishes Shri Rajesh Kumar the very best.