Power Finance Corporation has announced the appointment of Shri Rajesh Kumar Agarwal as Director (Finance) on its Board. Agarwal, who holds a distinguished career in the power and financial sectors, assumed his new role on 23 April 2026.
The appointment follows a communication from the Ministry of Power, Government of India, which authorised his position for a period of five years or until further orders, whichever is earlier. Agarwal’s extensive experience includes a tenure as Executive Director (Finance) at PFC since January 2024, and a career at the corporation since 2009, where he managed various cross-functional teams.
Agarwal’s professional journey is marked by significant contributions in areas such as Corporate Accounts, Taxation, Fund Management & Banking, Lending Policy Compliance, Restructured Assets Management, Fund Raisings, and Loan Disbursement. He has also been pivotal in driving digital reforms and enhancing financial reporting standards. Before joining PFC, Agarwal gained valuable experience in other power sector companies like NTPC, NPCIL, and DTL, focusing on core finance functions and key areas like Tariff Matters and PPA Negotiations.
In addition to his professional achievements, Agarwal is recognised as a distinguished speaker at various professional forums. He holds a Bachelor’s degree in Commerce (Honours) and is a member of the Institute of Cost Accountants of India.
The company confirmed that there are no relationships between directors and that Agarwal is not debarred from holding the office of Director by any SEBI Order or other authority.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).