New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the appointment of Shri Rajeev Kalra as Director (Finance) of Yantra India Limited (YIL), a Defence Public Sector Undertaking (DPSU) under the Department of Defence Production, Ministry of Defence.
Kalra, who currently serves as General Manager (Finance) at Bharat Heavy Electricals Limited’s (BHEL) Research and Development Centre in Bala Nagar, Hyderabad, was earlier recommended for the position by the Public Enterprises Selection Board (PESB) following an interview held on January 10. He was selected from a pool of 10 candidates, which included officers from BHEL, NTPC, Department of Defence Production, Indian Ordnance Factories Service, Brahmaputra Valley Fertilizer Corporation Limited (BVFCL), Cotton Corporation of India Limited, and RINL-VSP.
In his new role, Kalra will oversee Yantra India Limited's financial strategy, planning, and management. As Director (Finance), he will also serve as a member of the company’s Board of Directors and report directly to the Chairman and Managing Director (CMD). His responsibilities will include managing the organisation’s financial and accounting functions, ensuring fiscal discipline, and aligning financial operations with strategic objectives.
Yantra India Limited, formed as part of the restructuring of the Ordnance Factory Board, plays a crucial role in manufacturing and supplying specialised equipment to the Indian Armed Forces. With Kalra’s appointment now formalised, the company is expected to benefit from his extensive experience in public sector finance as it continues to expand its role in India’s defence manufacturing ecosystem.
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