New Delhi: Akhileshwar Singh has been appointed as Director (Finance) of state-run SJVN Limited, a Miniratna PSU under the Ministry of Power, on December 27. The Appointment Committee of Cabinet (ACC) approved his appointment on Friday. Prior to his promotion, Singh was serving as Chief General Manager (Finance) in the Power PSU. The company also appointed him as Chief Finance Officer (CFO) on November 27, after Amarjit Singh Bindra, who was serving as Director (Finance), regained from the post. Currently, SJVN Limited's CMD Nand Lal Sharma is holding the additional charge of Director (Finance) of the company, till Singh assumes the charge.
Singh was recommended for the post of Director (Finance) of SJVN Limited by a Public Enterprises Selection Board (PESB) panel on August 21. He was selected from a list of nine candidates, who were interviewed by the selection panel.
Singh is a postgraduate in Business Management (Finance) from Patna University, Patna. He started his career with Hindustan Paper Corporation Limited in December 1987. Later on September 25, 1993, he joined SJVN Limited and served at different positions of the company. He has around 33 years of wide experience in the Finance sector at various levels.
SJVN Limited, a Miniratna PSU under the administrative control of Ministry of Power, was incorporated on May 24, 1988, as a joint venture of the government and the state government of Himachal Pradesh. SJVN is now a listed company having shareholders pattern of 61.93 percent with government 26.85 percent with the government of Himachal Pradesh and rest of 11.22 percent with Public, according to the company's website.