Financing, Consultancy and Capacity Building Aiming New Responsibilities, Looking New Possibilities

Shri Sanjay Kulshrestha

Chairman & Managing Director, HUDCO

Ph: 011-24693022

Mail ID: cmd[at]hudco[dot]org

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Shri Sanjay Kulshrestha joined as the Chairman & Managing Director of the company from 16th October 2023. He is an electrical engineer with over 32 years of expertise in Infrastructure Financing, Hedging, Risk Management, ALM, thermal power plant management, Power Sector Project Financing etc.

For the first 15 years, he has worked in the areas of power project execution, high voltage substations and transmission lines at both State as well as Private sectors.

In 2006, he joined REC, initially in Mumbai and later moved to the Delhi Headquarters where he has been a Power Sector Financing expert for the last 17 years where he managed the techno-commercial appraisal of power sector projects and pioneered implementation of multiple government schemes.

In the last few years, he acted as the business head for State Operations as well as Private Sector Project Management (Generation, T&D and Renewables). He has been a member of various committees on Hedging, Risk, Infrastructure Financing, ALM, etc. and worked in close coordination with Ministry of Power, State Governments & power utilities, Private developers, RBI and Multilateral Development Banks. Additionally, he acted as the CEO of RECPDCL, an REC subsidiary working in power sector consultancy services.

Furthermore, under his leadership as the head of REC Foundation, CSR wing of REC, the company's impact has been extensive in the areas of health, nutrition and women empowerment clubbed with nation-wide initiatives for uplifting of sports in India.

He has also been closely associated with the REC for Business Development, Strategy and Coordination works.

Shri M Nagaraj

Director (Corporate Planning)

Ph: 011-24690478

Mail ID: dcp[at]hudco[dot]org)

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Shri M Nagaraj, is the Director(Corporate Planning) of our Company. He is a qualified Cost Accountant & Company Secretary and also a certified Banker having qualification of CAIIB. He holds Post Graduate degree in Management i.e., MBA with Specialisation in Finance.

He has varied experience of over 35 years in multitude of sectors such as Housing, Infrastructure Finance, Skill Development & Micro Finance in Social Sector, and International Trading. He has strong fundamentals in Managerial Capabilities and e-governance for corporate sector.

Prior to joining HUDCO, he was Chairman-cum-Managing Director of PEC Limited (formerly Projects and Equipment’s Corporation of India Limited) under the Ministry of Commerce and Industry.

Prior to that, he was Managing Director in National Safai Karmacharis Finance and Development Corporation (NSKFDC) under the aegis of Ministry of Social Justice and Empowerment.

Before that, he was Director in IIFCL Projects Limited (a group company of India Infrastructure Finance Company Limited) and also General Manager in IIFCL under Ministry of Finance, handling the Portfolios of Project Finance especially Take-out Finance Scheme of IIFCL, Board Secretariat, Vigilance Activities, Business Development, etc.

He had started his career with Housing and Urban Development Corporation Limited (HUDCO) as Management Trainee and worked in various capacities upto Deputy General Manager for about 20 years before joining IIFCL.

Shri D Guhan

Director (Finance)

Ph: 011-24627093

Mail ID: df[at]hudco[dot]org

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Shri D Guhan, is the Director (Finance) of our Company. He has been associated with our Company since May 1, 1987 initially selected as Trainee Officer (Finance).

He is a fellow member of Institute of Cost Accountants of India. He also holds a Bachelor’s Degree in Commerce (Honours) from Delhi University, Master’s degree in Commerce from University of Rajasthan, Post Graduate Diploma with a commendation in second position in order of merit in Housing, Planning and Building from Institute of Housing and Urban Development Studies, Rotterdam, The Netherlands. He was conferred Honours Diploma in Network Centred Computing, with excellent performance evaluation from National Institute of Information Technology (NIIT).

He has over 36 years of rich experience in our Company of working in Corporate and Regional Offices at different capacities in all the departments of Accounts, Finance and heading the Regional Office. He has wide exposure in credit appraisal of Project Finance of Housing and Infrastructure projects.

He has handled multiple assignments, including, resource mobilization, hedging of foreign currency exposure, loan accounting, treasury management, compilation & preparation of balance sheet, investor relations and IPO management.

Shri Kuldip Narayan (IAS)

Director HUDCO and JS (HFA)

Ph: 011-23061419

Mail ID: jshfa-mhua[at]gov[dot]in

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Shri Kuldip Narayan, Joint Secretary, Ministry of Housing and Urban Affairs (MoHUA), Government of India is an Indian Administrative Service (IAS) Officer of 2005 batch Bihar Cadre and did his B. Tech in Mechanical Engineering from IIT Kanpur. Shri Narayan is looking after its flagship programme of Housing for All / Pradhan Mantri Awas Yojna (Urban) since October 14, 2021. He is also serving as Nominee Official Director in National Housing Bank (NHB), HPL and NCRTC.

He is associated with HUDCO since 2nd November, 2021 as part-time Official Director and had been assigned additional charge of the post of Chairman & Managing Director of HUDCO by MoHUA w.e.f. 27th March, 2023 till 16th October, 2023.

In Government of India, Shri Narayan has served as Private Secretary to Hon’ble Minister of State Health and Family Welfare and Hon’ble Minister of State, Environment, Forest & Climate Change before taking over charge of JS & MD, Housing for All.

Earlier, he has served as the District Magistrate of Gopalganj, Chhapra, Munger and Madhubani districts in Bihar. Shri Narayan also held the charge of Chairman of Bihar State Bridge Corporation, Managing Director of Bihar State Milk Co-Operative Federation Ltd. (COMFED), Managing Director of Bihar State Water Board, Patna Municipal Commissioner of Patna Municipal Corporation and Director, Panchayati Raj Department, on Bihar before coming on Central Deputation to New Delhi in 2019.

Shri Sanjeet (IRAS)

Director HUDCO and JS & FA

Ph: 011-23062899

Mail ID: jsfa_ud[at]nic[dot]in

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Shri Sanjeet is an Indian Railway Accounts Service (IRAS) Officer of 1998 batch. Presently he is serving as Joint Secretary & Financial Advisor in the Ministry of Housing and Urban Affairs, Government of India since 12th December, 2022.

Shri Sanjeet, holds Masters and M.Phil. degree(s) in International Studies from Jawaharlal Nehru University, New Delhi in addition to Master of Business Administration.

Shri Sanjeet has around 24 years of rich, varied and multi-disciplinary experience in the field of Finance & Accounts, Administration, financial appraisal of proposals, Expenditure & Budgetary issues, Tender and Contract management, Procurement & Auction, Policy issues on Pay & Allowances and Audit functions. He has in the past held various important positions in the Indian Railways. Before joining as JS&FA, he was posted as Executive Director in Railway Board. He has also worked as GM F&A in CONCOR, a Railway PSU, Financial Advisor in Northern Railway and Senior Divisional Finance manager, Lucknow.

Shri Sanjeet has attended various training programmes and workshops both domestic and international level. He has attended Advanced Management programme from ISEAD, Singapore and ICLIF, Malaysia. He was part of Finance & Accounts Technical Training Programme at European School of Business, London and Paris. Sh. Sanjeet has also attended Container Terminal Management program at Antwerp, Belgium. He has attended Eighth Annual India unlimited Investors conference at Singapore.

Shri Sanjeet was instrumental in setting up of New Computer Centre in Traffic Accounts Office & implementation of PRIME, disposal of scrap, Clearing of Traffic suspense, for which he has been conferred with various prizes from time to time. He has also been awarded Certificate of Merit from National Institute of Financial Management.

Mrs. Sabitha Bojan

Independent Director

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Mrs. Sabitha Bojan is M.A in Sociology and M.B.A in Human Resources and completed her Diploma in Co-operation. She has 15+ years of experience in corporate, education and management field with key positions as state and regional head in various organizations. Her leadership skill was a diamond in those organizations. She is a passionate poet and writer with “Tamil Chemmal” state award (2019) by the government of Tamilnadu. She is a social activist and has carried out numerous welfare activities for youth, women and tribal upliftment in coordination with several NGO’s.

Dr. Ravindra Kumar Ray

Independent Director

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Dr. Ravindra Kumar Ray, is an Educationist, Political and Social Worker. He did his graduation from St. Columba's College, Hazaribag and Master’s degree from Ranchi University and PhD from Vinoba Bhave University, Jharkhand. He was Member of Parliament in 16th Lok Sabha, prior to this he was Member of Jharkhand Assembly (Two terms) and also held the position as Cabinet Minister in Government of Jharkhand.

Dr. Siyaram Singh

Independent Director

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Dr. Siyaram Singh is MBBS and MD (General Medicine) and hails from Bihar. He is eminent medical professional in healthfulness of Barh’s, Bihar and is active in social activities from past 15 years. He holds position of Former Secretary, Bharat Vikas Parishad and Secretary Patna Medical College.

Shri Banshi Lal Gujar

Independent Director

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Shri Banshi Lal Gujar is MA in Political Science. He holds vast experience in the field of politics and social welfare. He is a social activist and carried out numerous welfare activities for farmers’ upliftment.