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REC Ltd (RECM.NS)

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Summary

Name Age Since Current Position

Ajeet Agarwal

58 2019 Chairman of the Board, Managing Director

Jyoti Amitabh

2012 Compliance Officer, General Manager, Company Secretary

Fuzail Ahmed

2018 General Manager - (P&C & PMD-II)

P. Baburaj

2017 General Manager - State Operations - Gen.

S. Batta

General Manager - (Legal)&PIO-RTI

C. Bhatia

2018 General Manager - (Internal Audit)

Ajoy Choudhary

General Manager - (Finance-ll)

Salil Kumar

General Manager - (Vigilance)

G. Mahendar

General Manager - (Entity Appraisal)

P. Mukhopadhyay

General Manager - (IT)

Valli Natarajan

2017 General Manager - (Renewable Energy)

P. Singhal

General Manager - (Administration & Estates)

Rajeev Sood

2018 General Manager - (Loan Disbursement/PCM)

Malathi Sundararajan

2018 General Manager - (Recovery/ALM)

R. Vaishnaw

2017 General Manager & CFO-RECPDCL

Ashok Awasthi

2017 Executive Director - (Corporate Management)

Sanjeev Gupta

55 2015 Executive Director, Director - Technical

G. Bhati

2018 Executive Director - (Programme Management Division-II)

T. Bosh

2018 Executive Director - (DDUGJY - Monitoring, Evaluation & Reporting) & CEO - RECPDCL

Sanjiv Garg

2018 Executive Director (Finance-I)

Kalpana Kaul

2018 Executive Director (Programme Information Division)

P. Ramesh

58 2019 Director General - National Archives of India, Ministry of Culture

Sunita Singh

2017 Chief Vigilance Officer

V. Singh

2018 Executive Director - (Private Sector Project Management)

Mritunjay Narayan

2019 Government Nominee Director

Praveen Singh

2019 Nominee Director - Power Finance Corporation Limited

Arun Verma

58 2015 Government Nominee Director

Bhagvat Karad

2018 Part time Non-official Independent Director

Asha Swarup

2017 Non-Official Part-Time Independent Director

Biographies

Name Description

Ajeet Agarwal

Shri. Ajeet Kumar Agarwal Re-appointed as Chairman of the Board, Managing Director of Rural Electrification Corporation Ltd. He has done B.Com (Hons.) from Shri Ram College of Commerce, University of Delhi. He is also a Fellow Member of the Institute of Chartered Accountants of India. Shri Agarwal has 35 years experience in Public Sector Undertakings. He is responsible for formulating financial strategies and plans to enable REC in achieving its vision. He provides 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. He is Nominee Director on the Board of two wholly owned subsidiary companies of REC i.e. REC Transmission Projects Company Limited & REC Power Distribution Company Limited and since August 22, 2012, he is also Nominee Director on the Board of Indian Energy Exchange Limited (IEX), a listed company. During his tenure in REC as General Manager/ Executive Director (Finance), he had handled various finance functions including Resource Mobilisation, Loan Disbursement and Corporate Accounts & Taxation.

Jyoti Amitabh

Shri. Jyoti Shubhra Amitabh is a Compliance Officer, General Manager, Company Secretary of the Company.

Fuzail Ahmed

P. Baburaj

S. Batta

C. Bhatia

Ajoy Choudhary

Salil Kumar

G. Mahendar

P. Mukhopadhyay

Valli Natarajan

P. Singhal

Rajeev Sood

Malathi Sundararajan

R. Vaishnaw

Ashok Awasthi

Shri. Ashok Awasthi is an Executive Director - (Corporate Management) of Rural Electrification Corporation Ltd. He holds a bachelor’s degree in electrical engineering from Maulana Azad College of Technology, Bhopal University, Madhya Pradesh and a masterof business administration degree from Indira Gandhi National Open University. Mr. Awasthi has 24 years of total experience in the power sector. Prior to joining the Company, he was working as a Deputy General Manager in the Distribution Management Service Department of PGCIL where he was in-charge of the implementation of the Accelerated Power Development and Reform Program Schemes sanctioned by the MoP. He joined the Company, as General Manager (Technical) on April 2, 2007. He is in charge of all aspects in relation to international co-operation and development, corporate planning and business development in the Company.

Sanjeev Gupta

Shri. Sanjeev Kumar Gupta, Ph.D., is an Executive Director, Director - Technical of the Company. He holds a Bachelor’s Degree in Electrical Engineering from G.B. Pant University of Agriculture & Technology, Pant Nagar, Uttarakhand. He has 36 Years of experience in Indian Power Sector across diverse functions i.e. Planning, Design, Construction, O&M, Project Management of large EHV & UHV Transmission projects, Financing of Generation, Transmission, Distribution and Renewable Projects, etc. in various power CPSU’s, REC, PGCIL and NHPC. He is also Nominee Director on the Board of two wholly owned subsidiary companies of REC i.e. REC Power Distribution Company Limited, since October 12, 2015 and REC Transmission Projects Company Limited, since October 26, 2015. He has been working in our Company since March 16, 2010 at Senior Management positions including as the CEO of REC Transmission Projects Company Limited, a wholly owned subsidiary of REC, as well as the nodal officer for the National Electricity Fund (NEF). He is responsible for all Technical functions and Business Development of the Company.

G. Bhati

T. Bosh

Sanjiv Garg

Shri. Sanjiv Garg is Executive Director (Finance-I) of the Company. He was Executive Director (Financial Management) & CEO - RECTPCL of the company. he was General Manager - Generation of Rural Electrification Corporation Ltd. He holds a bachelor’s degree in science from Agra University. Mr. Garg is a member of the ICAI. Mr. Garg has 24 years of experience in finance including 21 years of experience in the power sector. Prior to joining the Company on April 2, 2007, he has served as the Deputy General Manager in PFC. Presently, he is responsible for generation and project appraisal in the Company.

Kalpana Kaul

P. Ramesh

Dr. P. V. Ramesh is Director General - National Archives of India, Ministry of Culture of the Company. He is 1985-batch Indian Administrative Service (IAS) officer of Andhra Pradesh Cadre. Prior to joining REC, Dr. Ramesh was the Special Chief Secretary and State Development Commissioner of Andhra Pradesh Government, apart from being the Ex-Officio Special Chief Secretary to Andhra Pradesh Chief Minister. Dr. Ramesh has graduated as Physician from the Christian Medical College and Hospital, Vellore. During his thirty-three years of public service - as national and international civil servant - he held important positions with international development organisations and Government of Andhra Pradesh. He was the Principal Finance Secretary to Government of Andhra Pradesh for nearly five years and prior to that, held the posts of Principal Secretary Department of Health, Medical and Family Welfare and Commissioner of Industries. He was the Principal Secretary of the State Reorganization Department during reorganisation of the state of Andhra Pradesh. Between 1996 and 2009, Dr. Ramesh worked for the United Nations Office for Project Services (UNOPS), United Nations Population Fund (UNFPA), International Fund for Agricultural Development (IFAD) the World Bank. He worked in several countries across Asia Pacific, West Asia, Arab States and Africa regions and assisted the national and sub-national governments with formulation of economic development strategies; design of plans, policies and programmes for integrated development; strengthening of institutional capacity; and effective management of programme and project execution. Working in the UNOPS, UNFPA and IFAD headquarters and as global chairman of the UNOPS Staff-Management Forum (SMF), he was a member of the senior management team and contributed to the organisational change management, strategic planning and performance monitoring, resource mobilisation, etc.

Sunita Singh

V. Singh

Mritunjay Narayan

Shri. Mritunjay Kumar Narayan is Government Nominee Director of the Company. He He is an Indian Administrative Service (IAS) officer of 1995 Uttar Pradesh CadIe, is a Joint Secretary in Ministry of Power. He has done B. Tech and M. Tech in Electrical Engineering from Indian Institute of Technology (IIT), Kanpur. He has done M.Sc. in Public Policy and Management from King’s College London and also a law graduate. In a career spanning of about 24 years, he has had experience of working in various position in the State of Uttar Pradesh. Prior to joining Ministry of Power as Joint Secretary, he had been Secretaiy to the Hon’ble Chief Minister, Uttar Pradesh for two years and a quarter. This position gave him over arching experience of the entire gamut governance in this State. He has wide experience of policy formulation and implementation as well. He had hold position as Commissioner, Commercial Tax and Entertainment Tax for more than two years; these departments contribute more than 60% of tax revenue of the State. At the cutting age of administration, he has held nearly every field position in the State of Uttar Pradesh from SubDivisional Magistrate to Chief Development Officer to Collector to Divisional Commissioner. He also served as Director on the Board of Lucknow City Transport Services Limited and Meerut City Transport Services Limited. He is also on the Board of Power Finance Corporation Limited and PTC India Limited as Government Nominee Director since August 28, 2019.

Praveen Singh

Arun Verma

Dr. Arun Kumar Verma is Government Nominee Director of the Company. He is an Indian Forest Service Officer of 1986 Gujarat Cadre and is a Joint Secretary in Ministry of Power. He holds a Master’s degree in Physics and is an Associate Member of Indira Gandhi National Forest Academy (AIGNFA) from FRI & C, Dehradun. He has done Ph.D. in Tribal Development Policy. He has also done Post Graduate Programme in Public Policy & Management (PGPPM) from Indian Institute of Management, Bengaluru & Maxwell School of Citizenship and International Affairs, Syracuse University, USA. He has over 32 years of administrative and management experience. He has served the Power Sector earlier as Managing Director, Uttar Gujarat Vij Company Limited. Before joining Ministry of Power, Government of India, he was posted as Member Secretary of Gujarat Ecology Commission, Gandhinagar and Project Director of the World Bank Funded Integrated Coastal Zone Management from July 29, 2011 to November 14, 2014. He is also a Government Nominee Director on the Board of Power Finance Corporation Limited and PTC India Limited.

Bhagvat Karad

Dr. Bhagvat Kisanrao Karad is Part time Non-official Independent Director of the Company. Dr. Karad is a Pediatric Surgeon (M.B.B.S, M.S in General Surgery and F.C.P.S. M.Ch. in Pediatric Surgery). He has been a medical practitioner for the past 25 years. He has been on the advisory Board of Wockhardt Foundation & Aurangabad Airport Authority and advisory member for the Government Medical College and Hospital, Aurangabad. In addition to this, he is treasurer of Bhagwan Shikshak Prasarak Mandal, an Educational trust; member of the Board of Directors of YSK Multispecialty Hospital and Honorary Surgeon at the Indira Gandhi Memorial Hospital, Aurangabad. Dr. Bhagvat Karad has been the Mayor of Aurangabad Municipal Corporation twice in the year 2000 and 2006. Due to his business acumen to run commercial organizations and experience to handle various social responsibilities, especially in Rural Maharashtra, he has gained knack in addressing socio-economic issues and writing as well as recommending policies to the concerned departments in the State Government especially for projects related to rural India. Dr. Karad is a Pediatric Surgeon (M.B.B.S, M.S in General Surgery and F.C.P.S. M.Ch. in Pediatric Surgery). He has been a medical practitioner for the past 25 years. He has been on the advisory Board of Wockhardt Foundation & Aurangabad Airport Authority and advisory member for the Government Medical College and Hospital, Aurangabad. In addition to this, he is treasurer of Bhagwan Shikshak Prasarak Mandal, an Educational trust; member of the Board of Directors of YSK Multispecialty Hospital and Honorary Surgeon at the Indira Gandhi Memorial Hospital, Aurangabad. Dr. Bhagvat Karad has been the Mayor of Aurangabad Municipal Corporation twice in the year 2000 and 2006.

Asha Swarup

Smt. Asha Swarup is Non-Official Part-Time Independent Director of the Company. She is a retired IAS officer of 1973 batch from Himachal Pradesh cadre, post graduate from Delhi University and Pearson Fellow of IDRC, Canada. She has served as Secretary to Government of India, Ministry of Information and Broadcasting (2007-08) and Chief Secretary, Government of Himachal Pradesh (2008-10). She has also served as Additional Secretary and Financial Advisor to the Ministry of Commerce and Ministry of Textiles (2004-07), Joint Secretary, Ministry of Rural Development (2001-04), Joint Secretary, Department of Youth Affairs and Sports in HRD Ministry (1993-98). She has also served as Chairperson of Himachal Pradesh State Electricity Board and HP Power Corporation Limited. Post retirement, she has served as Chairperson of HP State Environment Impact Assessment Authority, member of the Expert Group set up by Cabinet Secretariat to finalize the Result Frame work document of Ministries and the Expert Group to finalize the annual targets for Oil sector PSUs by Department of Public Enterprises. She has also been an Independent Director on the Board of SJVN Limited. She also holds Directorship on the Board of Himachal Pradesh Kaushal Vikas Nigam.