People: Bharat Heavy Electricals Ltd (BHEL.BO)
Shri. P. K. Bajpai is Director - Finance, Whole-Time Director of Bharat Heavy Electricals Ltd. He is a B.Tech (Mech.) from IIT, Kanpur, MBA from the University of Leeds (UK) and ACMA from the Institute of Cost Accountants of India. Shri Bajpai joined BHEL in the year 1977 and has more than 36 years of versatile experience. He has played a critical role as Head of Finance of Profit Centres comprising entire value chain of the Organization viz. Engineering (Project Engineering and Management), Manufacturing and Erection Commissioning and Services. Shri Bajpai was posted as Head of Finance of BHEL’s Manufacturing Unit at Bhopal when the Unit showed loss in 2000-2001 after showing profit continuously since 1972-73. At this critical juncture, he was able to make an immediate turnaround, with Unit showing profit in 2001-2002. During his tenure as Head of Finance of Erection and Commissioning Unit, Power Sector — Northern Region from 1996-2001, there was an all round improvement in Turnover, Value Added and PBT of the Region. As Head of Finance of Project Engineering and Management division, he played critical role in initiating the development of integrated software called PULSE, sizing and specifications of packages for procurement and rationalization and simplification of processes.
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