Mr. Rakesh Kumar is the Chairman cum Managing Director & Director/Finance (Additional Charge) of NLC India Limited (NLCIL), A Navratna Company of Government of India engaged in Lignite and Coal Mining and Power generation from thermal and renewable energy sources like solar and wind. Mr. Rakesh Kumar also holds the position of Chairman in two more companies of NLCIL’s subsidiaries viz. NLC Tamilnadu Power Limited (NTPL) and Neyveli Uttar Pradesh Power Limited (NUPPL).
He carries rich and varied experience for over 33 years primarily in energy sector and worked for various mega projects in Petroleum, Petrochemicals, Mining, Power including renewable. Some of the important projects he has associated with include HVJ Pipeline Project, RGPPL (Erstwhile Enrol), Assam Gas Cracker Project, Neyveli Power Projects and Ghatampur Power Project. In Finance domain, he has rich experience on projects financial appraisal, financial resource mobilization accounting, costing and budgetary control, internal financial control, risk management and corporate governance. Over 3 decades of experience working in 5 CPSEs (including exposure of a decade at Board level) located at various parts of the country.
He is a Bachelor in Commerce and Master in Business Administration in Finance from Maharishi Dayanand University, Rohtak in Haryana. He is Convener of energy PSU Task Force, representing across various ministries created for optimizing of CAPEX & OPEX, pilot project of competitive buying of air tickets implemented successfully, resulting in huge savings. He was part of the five members team to finalize the agenda on ‘Reviewing the Governance Mechanism of CPSEs and Financial Architecture of CPSEs.’ In NLCIL, he has been instrumental in conducting National Level Seminar in Finance domain every year which has become very popular in CPSEs and other professional bodies in the corporate world. He is on the Board of Governors for Institute of Public Enterprise, Hyderabad. He has widely travelled abroad for various assignments.