PFC Appoints Rajesh Kumar Agarwal as Director (Finance)

Power Finance Corporation Ltd. (PFC) has announced the appointment of Rajesh Kumar Agarwal as Director (Finance). The appointment follows a directive from the Ministry of Power, Government of India, under which the President approved his elevation to the board for a tenure of five years or until further orders.

Agarwal brings over 31 years of experience across the power and financial sectors. A commerce graduate and a member of the Institute of Cost Accountants of India, he has been serving as Executive Director (Finance) at PFC since January 2024.

Since joining PFC in 2009, he has handled key functions, including corporate accounts, taxation, fund management, lending compliance, and loan disbursements. He has also played a significant role in digital transformation and in improving financial reporting within the company.

Prior to joining PFC, Agarwal worked with major power sector entities such as NTPC, NPCIL, and Delhi Transco Limited, gaining extensive experience in tariff matters, power purchase agreements, and sectoral reforms.