REC Limited on April 2, 2026 announced a leadership shift in its finance function, naming Rajesh Kumar as Director (Finance) for a five-year term, effective from the date of his assumption of charge. The appointment, conveyed by the Ministry of Power via an Office Order, follows his current role as Executive Director (Finance) at REC Limited and marks an internal elevation within the company. In parallel, the company said that the additional charge of Director (Finance) previously entrusted to Jitendra Srivastava, CMD of REC, has ceased with effect from April 2, 2026.
Rajesh Kumar is described as a seasoned finance professional with more than 30 years of experience spanning accounts, taxation, audit, treasury, project appraisals and regulatory compliance. He holds a Bachelor’s degree in Commerce from Shri Ram College of Commerce, Delhi University, and is qualified as both a Chartered Accountant and a Cost & Management Accountant. His career includes a decade with a CPSE engaged in engineering and project consultancy, followed by over 20 years at REC Limited, where he has built deep expertise in power sector financing and resource mobilization. He has also served as Chief Executive Officer of REC Power Development and Consultancy Limited (RECPDCL), driving strategic initiatives across renewable energy, inter-state transmission and smart metering.
During his tenure at REC, Kumar has been credited with transforming the organisation’s domestic resource mobilization through innovative bond structures, including Tax-Efficient Hybrid Bonds, Perpetual Bonds with AAA rating, CBDT-notified Zero Coupon Bonds, and Capital Gain Bonds. He has also overseen multilateral funding, asset-liability management, ESG projects and IT transformation, underscoring a track record of leadership across finance and investor relations. The promotion reinforces REC’s focus on robust financial leadership as it continues to scale its investments in the power sector.
The leadership move, anchored in an internal promotion, positions REC to pursue its strategic financing agenda with continuity in the finance function, while signaling a deliberate succession plan at the executive level. As the company advances its portfolio of renewable energy and grid projects, Rajesh Kumar’s expanded remit is expected to align financial stewardship with REC’s growth trajectory and stakeholder expectations.