HG Infra Engineering Appoints Vikas Jain as New CFO

 H.G. Infra Engineering Limited has officially appointed Vikas Jain as the company’s new Chief Financial Officer (CFO) and Key Managerial Personnel, effective June 18, 2026. Jain succeeds Rajeev Mishra, who has transitioned to a newly created senior management position focused on corporate affairs and market outreach.

The leadership transition, first announced by the company’s board on May 28, 2026, reflects a broader organizational realignment as the infrastructure firm navigates the competitive demands of India’s evolving engineering, procurement, and construction (EPC) sector.

Leadership Restructuring

Vikas Jain brings over 27 years of extensive financial and operational experience to his new role. Prior to joining H.G. Infra Engineering, Jain held various CXO-level positions across the infrastructure, railways, oil and gas, and engineering sectors. His background includes significant expertise in IPO execution, capital structuring, and complex regulatory compliance, which the company aims to leverage as it expands its project footprint into emerging sectors such as solar energy and battery storage systems.

Rajeev Mishra, who previously served as the CFO and Chief Risk Officer, has now assumed the role of Head – Investor Relations and Corporate Affairs. In this capacity, Mishra will be responsible for overseeing the company’s engagement with the investment community and managing long-term strategic stakeholder relationships.

Strengthening Financial Governance

The appointment comes at a time when H.G. Infra Engineering is focusing on operational efficiency and debt optimization. In its recent quarterly disclosures, the board underscored the need for continued focus on financial governance as the company manages its diverse portfolio of highway, railway, and energy infrastructure projects.

According to regulatory filings submitted to the National Stock Exchange (NSE) and the BSE (Bombay Stock Exchange), the realignment also impacts the company's senior management designation structure. As part of this transition, Sanjay Bafna, Head of Accounts, will no longer be categorized as Senior Management Personnel, though he remains with the firm.

Strategic Growth Trajectory

The management transition coincides with a period of strategic diversification for the company. During the fiscal year 2026, the company successfully expanded its presence beyond traditional road construction into high-growth areas like power transmission and renewable infrastructure. Addressing shareholders during the recent Q4 earnings call, Chairman and Managing Director Harendra Singh emphasized that the company’s leadership changes are intended to provide the necessary focus on both capital management and aggressive market expansion.

Why It Matters

For investors and project partners, these leadership changes represent a calculated effort by the firm to bolster its financial oversight while simultaneously prioritizing high-level engagement with the equity markets. With significant ongoing projects—including the Kosi Parikrama and various HAM (Hybrid Annuity Model) projects—the company requires stable and experienced financial leadership to maintain its liquidity and manage capital-intensive growth.

Key Facts at a Glance

• New CFO: Vikas Jain assumed office on June 18, 2026.

• Role Transition: Former CFO Rajeev Mishra moves to Head – Investor Relations and Corporate Affairs.

• Professional Background: Vikas Jain brings over 27 years of experience in the infrastructure and EPC industries.

• Strategic Focus: The company is currently scaling its presence in solar energy, power transmission, and railway projects.

FAQ

Why is H.G. Infra Engineering changing its CFO?

The change is part of an organizational restructuring to support the company’s long-term growth and diversification into new infrastructure sectors like renewable energy and power transmission.

What will Rajeev Mishra’s new role entail?

Mishra will focus on strengthening the company’s investor relations and managing corporate affairs, leveraging his deep internal knowledge of the firm’s financial history.

What is the significance of Vikas Jain’s appointment?

Jain’s extensive background in capital structuring and regulatory compliance is expected to support the company’s efforts in debt management and project financing as it tackles larger, multi-sector contracts.

Source: H.G. Infra Engineering (BSE Disclosure), NSE India, Tijori Finance