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Rural Electrification Corporation (REC)

Rural Electrification Corp. Ltd. video

Rural Electrification Corporation (REC)


Shri Rajeev Sharma, Chairman & Managing Director (CMD)
53 years, is the Chairman & Managing Director (CMD) of our Company since November 29, 2011. He holds a Bachelor’s degree in Electrical Engineering from Govind Ballabh Pant University, Pantnagar, a Post Graduate Diploma (Electronics and Communication Engineering) and a Masters degree in Engineering (Electrical Engineering) from Indian Institute of Technology, Roorkee. He also holds a Masters degree in Business Administration from University of Delhi. He has rich and varied experience in power sector of more than 28 years in Power Sector. Under his guidance and leadership REC has excelled in all fields and surpassed all its previous targets and performance. Prior to joining REC, Shri Sharma was Director (Projects), Power Finance Corporation Limited, where he was responsible for all functions of Projects Division including appraisal of the projects financed by the Company. During his tenure as Executive Director in PFC, he was Director (in-charge) for development of Krishnapatnam Ultra Mega Power Project and was responsible for implementation of R-APDRP in India. He also worked in Central Electricity Authority (CEA), where he was involved in design, engineering and consultancy of NathpaJhakri Hydro-electric Project (1500 MW). During his stint in Ministry of Power, he was also looking after operations of Power Grid Corporation of India Limited, THDC, SJVNL, BBMB and NEEPCO, Public Sector Undertakings (PSUs) under administrative control of Ministry of Power. He was also instrumental in formulating the policies for APDRP and Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY).

Shri Rajeev Sharma was holding 60 equity Shares in the Company as on March 31, 2013.
Shri Prakash Thakkar, Director (Technical)
Shri Prakash Thakkar, 57 years, is Director (Technical) of our Company since May 2, 2011. He holds a Bachelor’s degree in Electrical Engineering from Maharaja Sayajirao University, Baroda. Shri Thakkar has over 33 years of rich and diversified experience of power sector which includes Generation and Substation Engineering. He is in charge of all technical and operational aspects of various projects financed by our Company in the generation, transmission and distribution sectors as well as rural electrification projects under the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY).

Prior to taking over charge as Director (Technical), he was working in the Company as Executive Director (Transmission and Distribution/RGGVY). He joined our Company as General Manager (Technical) on deputation on September 19, 2005 and subsequently he was permanently absorbed in the Company on September 18, 2007. Prior to joining our Company, he has worked for about 11 years in NHPC (Installation of Hydrogenerators and Operation & Maintenance of Hydro Stations) and 15 years on different posts in Power Grid Corporation of India Limited. He was a member of India’s first 400 kV Thyristor Controlled Series Compensation (TCSC) project implementation team. He was also a core member for switchgear equipment specifications for 800/400/220/132 kV. He has also served as Advisor to Government of Nepal for operation & maintenance of Devighat Hydro Electric Project during the year 1985-86.

He is a member of AIMA and also served as nominee Director on the Boards of various companies. He has authored/co-authored various technical papers in National and International seminars.

Shri Prakash Thakkar was holding 4030 equity Shares in the Company as on March 31, 2013.
Shri Ajeet Kumar Agarwal, Director (Finance)
Shri Ajeet Kumar Agarwal, 53 years, is Director (Finance) of our Company since August 1, 2012. 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. Mr. Agarwal has 30 years experience in Public Sector Undertakings. 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. Prior to joining our company on March 29, 2007, he was General Manager in Telecommunications Consultants India Limited.

He is responsible for formulating financial strategies and plans to enable the company 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.

Shri Ajeet Kumar Agarwal was holding 242 equity Shares in the Company as on March 31, 2013.
Shri B. N. Sharma, Government Nominee Director
Shri B. N. Sharma, 54 years, is the Government Nominee Director of our Company since August 23, 2012. He holds a Bachelor's and Master’s degree in Financial Management. He has been a part of the IAS since 1985 in the Rajasthan cadre and has been in the Civil Services for about 27 years. He is currently the Joint Secretary in the Ministry of Power, where he is in-charge of Rural Electrification and Distribution. Prior to joining Ministry of Power, Government of India, he has served as Principal Secretary in Medical & Health and Family Welfare Department, Rajasthan. He has also served as Commissioner, Commercial Taxes Department, Rajasthan, Managing Director of Rajasthan State Industrial and Investment Corporation Limited (RIICO), Chairman & Managing Director of Rajasthan Financial Corporation (RFC), Secretary of Finance (Expenditure) Department and Elementary, Secondary & Sanskrit Education Department in Rajasthan. Prior to that he has worked as Collector & District Magistrate of Jaipur, Alwar and Tonk districts in Rajasthan, Chairman & Managing Director of M/s Jaipur Vidhyut Vitran Nigam Limited, Jaipur, Secretary, Rajasthan State Electricity Board, Jaipur. Shri Sharma has also served as Director / Nominee Director on the Board of various companies. He was also Chairman of Rajasthan Drugs and Pharmaceuticals Limited, Rajasthan Medical Services Corporation Limited, Rajasthan Asset Management Company Private Limited, Rajasthan Trustee Company Private Limited and Rajasthan Electronics and Instruments Limited.

Shri B. N. Sharma is holding “NIL” equity shares in the Company as on March 31, 2013.

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