Ajeet Kumar Agarwal New Director Finance of REC

New Delhi: Ajeet Kumar Agarwal, 52 years, took over charge as Director (Finance) of REC. He holds a Bachelor’s degree in Commerce from the University of Delhi. He is also a Fellow Member of the Institute of Chartered Accountants of India.

Shri.Agarwal has 29 years experience in Public Sector Undertakings. He joined REC in March, 2007 as General Manager (Finance) and thereafter, was elevated to the post of Executive Director (Finance) before taking over as Director Finance. During his tenure in REC, he had handled various finance functions including Resource Mobilisation, Loan Disbursement and Corporate Accounts & Taxation. Prior to joining REC, he was serving as General Manager in Telecommunications Consultants India Limited.

He has been responsible for formulating financial strategies and plans to enable the company in achieving its Corporate objectives & vision. Among others, he is known for having made outstanding contribution in terms of successfully raising large volumes of resources using a diverse mix of financial instruments at an extremely competitive rate which gave REC clear business edge.

He has been providing directions with respect to Financial Management and Operations of the organization encompassing organizational and financial planning, formulation of financial policy, financial accounting, management control systems, cash and funds management, tax planning, mobilization and management of resources, liaison with financial institutions and capital market players. He also supervises treasury functions, lending operations and advises on corporate risk management matters.