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Domestic appointment

Rajesh Kumar appointed REC Limited Director

Analysis based on 14 articles · First reported Apr 02, 2026 · Last updated Apr 02, 2026

Sentiment
20
Attention
2
Articles
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Market Impact
General
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The appointment of Rajesh Kumar as Director (Finance) at ITC Limited is viewed positively, as his extensive experience is expected to bolster ITC Limited's financial strategies and resource mobilization. This leadership change is particularly important as ITC Limited navigates a restructuring phase and continues to finance India's energy transition and infrastructure development.

Financial services Power industry Infrastructure

Rajesh Kumar has officially assumed the role of Director (Finance) at ITC Limited on April 2, 2026, following the approval by the India — Appointments Committee of the Cabinet on March 25, 2026. This appointment, proposed by the India — Ministry of Power, is for a five-year tenure. Kumar brings over 30 years of experience in public sector finance, with a strong focus on power and infrastructure financing. His background includes significant contributions to ITC Limited's financial strategy as Executive Director (Finance) and leadership roles at REC Limited — REC Power Development and Consultancy Limited. His expertise in innovative bond structures and strategic investments is expected to be crucial for ITC Limited's ongoing restructuring efforts and its role in India's energy transition and infrastructure development.

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The India — Appointments Committee of the Cabinet approved the proposal for Rajesh Kumar's appointment as Director (Finance) at ITC Limited, formalizing the leadership change.
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The India — Ministry of Power proposed Rajesh Kumar's appointment, indicating its oversight and involvement in the leadership of public sector entities like ITC Limited.
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Rajesh Kumar previously served as CEO of REC Limited — REC Power Development and Consultancy Limited, a wholly owned subsidiary of ITC Limited, where he led strategic initiatives.
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Rajesh Kumar holds a Bachelor's degree in Commerce from Shri Ram College of Commerce.
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