In a significant development for India’s defence sector, the Appointments Committee of the Cabinet (ACC) has approved the appointment of Shri Rajeev Kalra as Director (Finance) at Yantra India Limited (YIL), a Defence Public Sector Undertaking (DPSU) under the Department of Defence Production, Ministry of Defence.

Shri Rajeev Kalra, currently serving as General Manager (Finance) at Bharat Heavy Electricals Limited’s (BHEL) Research and Development Centre in Bala Nagar, Hyderabad, brings with him nearly three decades of experience in financial management and corporate strategy. He has been associated with BHEL since August 1995 and assumed the role of General Manager (Finance) in July 2024.

The selection process for the post was conducted by the Public Enterprises Selection Board (PESB), which recommended Kalra’s name following an interview held on January 10, 2025. He was chosen from a pool of 10 candidates, comprising officers from a diverse range of organisations, including NTPC, the Department of Defence Production, Indian Ordnance Factories Service, Brahmaputra Valley Fertiliser Corporation Limited (BVFCL), Cotton Corporation of India Limited, and RINL-VSP.

In his new role at Yantra India Limited, Kalra will be responsible for overseeing the company’s financial planning, strategy, and governance. As Director (Finance), he will be a key member of YIL’s Board of Directors, reporting directly to the Chairman and Managing Director. His primary responsibilities will include managing financial and accounting operations, ensuring fiscal discipline, and aligning the financial roadmap with the organisation’s strategic objectives.

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Yantra India Limited, headquartered in Nagpur, is one of India’s premier defence manufacturing enterprises. Established under the Department of Defence Production, it plays a critical role in supporting the country’s self-reliance in defence manufacturing, aligned with the ‘Atmanirbhar Bharat’ initiative.

Kalra’s vast experience and leadership in financial strategy are expected to significantly strengthen YIL’s operational and financial frameworks. His appointment comes at a time when the company is focusing on modernising its operations and enhancing its contribution to the national defence ecosystem.

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