New Delhi ,
The Ministry of Power, Govt. of India has assigned additional charge of CMD, REC Limited to Mr. Ajeet Kumar Agarwal, Director
(Finance) w.e.f. 6th March 2019. Mr. Agarwal, alumni of Shri Ram College of Commerce, University of Delhi, has been the Director (Finance), REC since August 1st, 2012.
He is a Fellow Member of the Institute of Chartered Accountants of India with more than 35 year experience in Public Sector Undertakings. He is responsible for formulating financial strategies and plans to enable REC in achieving its vision.
He looks after the Financial Management and Operations of the organization encompassing financial planning, formulation of financial policy, mobilization and management of resources.
He also supervises treasury functions, lending operations, advises on corporate risk management matters and liaising with domestic & international financial institutions, investors and capital market players. During his stint as Director (Finance), REC had excelled in all its operations and surpassed all its previous targets.