PESB recommends Rajesh Kumar Agarwal as Director (Finance) of PFC Limited

The Public Enterprises Selection Board (PESB) has recommended Rajesh Kumar Agarwal for appointment as Director (Finance) of Power Finance Corporation (PFC) Limited. The recommendation was made following interviews conducted by the PESB on January 28, 2026. Agarwal is currently serving as Executive Director (Finance) at PFC Limited.

His name will now be forwarded to the Appointments Committee of the Cabinet (ACC) for final approval. The appointment will be subject to vigilance clearance and completion of other prescribed formalities.

The candidates interviewed by the Public Enterprises Selection Board were:

1. Pawan Kumar, Executive Director/Chief Compliance Officer, Power Finance Corporation Limited
2. Rajesh Kumar Agarwal, Executive Director (Finance), Power Finance Corporation Limited
3. Venugopal Yakasiri, Executive Director, Power Finance Corporation Limited
4. Mohan Lal Kumawat, Executive Director (Finance)-External Commercial Borrowings (ECB), Law Division, Financial Concurrence and Corporate Accounts and Taxation (CAT), Rec Limited
5. Mohammad Salim, Chief General Manager, Power Finance Corporation Limited
6. Surendra Kumar Sharma, Executive Director (Finance), Indian Renewable Energy Development Agency Limited
7. Dhiraj Mehta, Executive Director (F&A), Indian Renewable Energy Development Agency Limited
8. Chakresh Kumar Jain, Executive Director Finance, Marketing Division, Indian Oil Corporation Limited
9. Pramod Jain, Chief General Manager (Treasury), Indian Oil Corporation Limited
10. Prabhat Himatsingka, Chief General Manager (Finance & Treasury), Corporate Office, Indian Oil Corporation Limited
11. Nagendra Kumar Mishra, Chief Financial Officer, Patratu Vidyut Utpadan Nigam Limited