Monetary Management: M.L. Kumawat, Government Director at REC Restricted

M.L. Kumawat Government Director (Finance), REC Restricted

M.L. Kumawat, government director (finance), REC Restricted, oversees the corporate’s $18 billion international foreign money borrowing portfolio, managing fundraising, derivatives, compliance, accounting, taxation and foreign money threat methods. He additionally leads investor relations, representing REC in home and worldwide roadshows and earnings calls, and heads company accounts and taxation, overlaying monetary statements, budgeting and audits. Over his almost 20-year tenure, he has contributed throughout inner audit, useful resource mobilisation, company governance, monetary concurrence and company planning. He beforehand led REC’s Undertaking Workplace for the Union Territories of Jammu & Kashmir and Ladakh, and at present serves on the board of REC Energy Distribution Firm Restricted and as REC’s nominee director on Jodhpur Vidyut Vitran Nigam Restricted. Earlier than REC, he labored with the Ministry of Company Affairs as an Indian Company Regulation Service officer, in addition to with MMTC Restricted and Rajasthan Gases Restricted.

He notes that India’s ­energy sector is present process fast tran­sformation, pushed by robust ­financial progress and a balanced shift in direction of sustainability. As of August 2025, India’s insta­lled capability stands at 490 GW, with greater than half coming from non-fossil sources.

Investor sentiment stays sturdy, with energy sector funding wants anticipated to succeed in $541 billion over the following 5 to seven years. REC is nicely positioned to assist this enlargement throughout generat­ion, transmission and distribution, specializing in financing the clear vitality transition together with essential infrastructure upgrades.

Kumawat has performed a key position in main initiatives corresponding to REC’s IPO and FPO, bonus share issuance, CSR fund administration, and regulatory and statutory audits. He was instrumental in enabling REC to lift its highest-ever worldwide funding in 2024-25 – Rs 745.57 billion throughout loans, bonds, international foreign money non-resident (B) loans and official improvement help amenities. He has additionally overseen the incorporation and governance of 52 SPVs with undertaking values exceeding Rs 685 billion and 23 particular objective car managing transmission tasks price Rs 739 billion.

His administration model is ­situational and coaching-oriented, rooted within the precept “Lead by Imaginative and prescient, Handle by Exception”, empowering groups by clear targets and belief. A commerce grad­uate, he’s an affiliate member of Institute of Chartered Accountants of India and Institute of Firm Secretaries of India , and holds an MBA in Finance from the R.A. Podar Institute of Administration.