Power Finance Corporation Limited (PFC), a Government of India undertaking, has announced that Shri Rajesh Kumar Agarwal has assumed charge as Director (Finance) on its Board with effect from April 23, 2026. The appointment has been made pursuant to an order issued by the Ministry of Power, Government of India.
According to the official communication, the appointment has been approved by the President of India in line with the Articles of Association of the company. Shri Agarwal will serve a tenure of five years from the date of assuming charge or until further orders, whichever is earlier.
Shri Rajesh Kumar Agarwal brings over 31 years of extensive experience in the power and financial sectors. He holds a Bachelor’s degree in Commerce (Honours) and is a Member of the Institute of Cost Accountants of India. Prior to his elevation, he was serving as Executive Director (Finance) at PFC since January 1, 2024.
Having been associated with PFC since 2009, Shri Agarwal has handled multiple cross-functional roles and developed expertise across key financial domains, including corporate accounts, taxation, fund management and banking, lending policy compliance, restructured assets management, fund raising, and loan disbursement. He has also played a pivotal role in driving digital transformation initiatives and enhancing financial reporting standards within the organization. Additionally, he is recognized as a distinguished speaker at various professional forums.
Before joining PFC, he gained significant experience in leading power sector organizations such as NTPC, NPCIL, and DTL. During his tenure, he managed core finance functions and contributed to areas such as tariff matters, power purchase agreement (PPA) negotiations, and implementation of key sectoral reforms, including those recommended by the Ahluwalia Committee.
The company has confirmed that Shri Agarwal is not debarred from holding the office of Director by any order of the Securities and Exchange Board of India (SEBI) or any other authority. Furthermore, there are no inter-se relationships between him and other directors on the Board.
