PESB picks Daljeet Singh Khatri for HUDCO's Director (Finance) post

New Delhi: Daljeet Singh Khatri is set to be the next Director (Finance) of Housing & Urban Development Corporation Limited (HUDCO), a prestigious public sector undertaking under the Ministry of Housing & Urban Affairs (MoHUA). This recommendation came from the Public Enterprises Selection Board (PESB) Panel on Friday.

Currently, Khatri serves as Executive Director at REC Limited, bringing a wealth of experience and expertise to his new role. He was selected for the position from a competitive pool of 11 candidates, all of whom were interviewed by the PESB selection panel during its meeting on May 24. The panel included candidates from PFC Limited, HUDCO, REC Limited, CONCOR, HPCL, and Maharashtra State Electricity Distribution Company Limited (MSEDCL).

As the Director (Finance) of HUDCO, Khatri will join the Board of Directors and report directly to the Chairman. He will hold the overall responsibility for the finance and accounts of the organization, playing a crucial role in evolving and formulating financial policies, as well as their implementation. His strategic leadership is expected to enhance HUDCO’s financial health and drive its mission of fostering sustainable urban development.

Khatri's extensive background in finance and his current executive role at REC Limited make him an ideal candidate to lead HUDCO’s financial strategies. His appointment is anticipated to bring a fresh perspective and strengthen the corporation’s financial governance and operational efficiency.

HUDCO, a key player in urban development, stands to benefit significantly from Khatri’s expertise, particularly in navigating the complexities of financial management in the public sector. His leadership is poised to contribute to the corporation's continued success and its critical role in India's urban development initiatives.