Sanjay Malhotra, IAS assumed the charge of Chairman & Managing Director, REC Limited w.e.f. 9 November 2020. The Appointments Committee of the Cabinet (ACC) had approved the appointment of Additional Secretary, Ministry of Power, Sanjay Malhotra as Chairman & Managing Director of REC Limited, a Navratna PSU under the Ministry of Power. Shri Sanjeev Kumar Gupta, Director (Technical), REC Limited was hitherto holding the additional charge of post of CMD since 13.06.2020.
Malhotra is a 1990-batch Indian Administrative Service officer of Rajasthan cadre. Prior to his joining as Chairman & Managing Director of REC Limited, he was posted as Additional Secretary in the Ministry of Power. He is an Engineering Graduate in Computer Science from the Indian Institute of Technology, Kanpur and has a Masters in Public Policy from the Princeton University. With demonstrated leadership and excellence in his career of over 30 years, Malhotra has worked in multifarious sectors including energy, information technology, mines & minerals, finance, agriculture, health etc.
He has extensive experience in the Indian power sector both at the state as well as the Central Government. As Principal Secretary, in-charge of Energy Department in Rajasthan, he spearheaded many initiatives including appointment of distribution franchisees in four towns, introduction of PPP in transmission and innovations in Metering, Billing and Collection. As Additional Secretary in the Ministry of Power, he was looking after transmission, distribution, reforms and restructuring and was deeply involved in the various reforms, policy initiatives and privatization of distribution utilities of Union Territories.
About REC Limited
REC Limited is a Navratna NBFC, focusing on Power Sector financing and development across India. Established in 1969, REC Limited has completed over fifty years of operations. It provides financial assistance across the power-sector value chain. Apart from this, REC is also the nodal agency for Government of India flagship schemes in the Power sector like Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY), Saubhagya, etc.
