Power Finance Corporation Limited (PFC) has announced the appointment of Rajesh Kumar Agarwal as Director (Finance) on its Board, effective April 23, 2026.
The appointment has been made following a directive from the Ministry of Power, with Agarwal set to serve a term of five years or until further orders, in line with the company’s Articles of Association.
Agarwal brings over three decades of 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 this role, he served as Executive Director (Finance) at PFC since January 2024.
Since joining PFC in 2009, Agarwal has led multiple cross-functional teams and gained extensive expertise across key areas including corporate accounts, taxation, fund management, banking, lending policy compliance, asset restructuring, fund raising, and loan disbursement. He has also played a significant role in driving digital transformation initiatives and enhancing financial reporting standards within the organisation.
Before his tenure at PFC, Agarwal held finance-related roles in leading power sector companies such as NTPC Limited, Nuclear Power Corporation of India Limited, and Delhi Transco Limited.
The company confirmed that Agarwal is not debarred from holding the office of Director by any regulatory authority, including the Securities and Exchange Board of India (SEBI).
The appointment has been disclosed in compliance with SEBI’s Listing Obligations and Disclosure Requirements Regulations.
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