Press Release

Apr, 2021

Hartek Group Appoints Banking Veteran, Harpal Singh as Director and Group CFO

Press Release: Chandigarh, April 2, 2021

  • Highly experienced, Former General Manager- Punjab National Bank moves to Hartek Group
  • Award-winning banking professional with over 34 years of banking and institution building experience
  • Assuring strong leadership of the financial operations at the group level

 

Hartek Group, one of India’s fastest growing concerns catering to the power sector through five strategic business units—Power Systems, Rooftop Solar, Power Distribution Products, Fuel Services and Smart Grids, announces the appointment of Mr. Harpal Singh as Director & Chief Financial Officer (CFO) of the group.

Mr. Harpal Singh is an award-winning banking professional with over 34 years of banking and institution building experience, the most recent as General Manager of Punjab National Bank from April 2013 till September 2015 having handled business of more than Rs.85000 Crore through 700 branches in Punjab. He is also an Independent Director with IOL Chemicals & Pharmaceuticals currently.

Prior to this, he was posted at the United Kingdom in Punjab National Bank International Limited (PNBIL) and headed the Retail Operations of the Bank in the UK. He was instrumental in starting operations of PNBIL in UK after obtaining FSA approval in April 2007.

He has an exceptional experience of managing the entire banking operations in the state of Punjab. As the State Head for the Bank, he managed competitive business development, growth of the institution and its manpower, and steered high level meetings. He has been a convenor of State Level Bankers’ Committee, for the State of Punjab, playing a pivotal role in implementation and monitoring of Government’s directives for Banks with a view of ensuring the imparting of correct directions to various schemes implemented by the Central/State Government.

Mr. Singh started his career as an Assistant Engineer in Punjab Tractors Limited, Chandigarh in September 1975, worked as Associate Instructor (Teaching) at the Indo-Swiss Training Centre of CSIO, Chandigarh briefly. He then joined Punjab National Bank initially as an officer (Industry), subsequently being promoted to Branch Manager and Chief Manager before his posting to the United Kingdom in 2006.

On the education front, he has successfully passed the UK Financial Services and Regulation after being a fellow at Institution of Engineers (India), Mechanical. He is also qualified CAIIB Part I and II from the Indian Institute of Bankers, Mumbai, India and AMIE Section A & B in 1979 from Institution of Engineers (India) post a 3 year diploma in Instrument Technology (1972-75) from CSIO, Chandigarh, India.

Comments from Mr.Hartek Singh, CMD Hartek Group “Mr. Harpal brings a strong track record of driving results and accelerating growth, and we are thrilled to welcome him to the Hartek Group. His deep and extensive experience in leading the financial operations of the banking sector and other businesses – as well as driving operational changes – will make an immediate impact as we move ahead from the low caused by the pandemic and prepare the Hartek Group for the future. He will assume responsibility for helping us deliver our ambitious business plan, securing additional funding and establishing high standards of governance. I am confident Harpal will provide strong leadership and prove to be an excellent addition to the Hartek family.”

Comments from Mr.Harpal Singh, Director & CFO Hartek Group “I am excited to join the Hartek Group. The company has unique strengths, a strong business model and a proud history, and I look forward to working with the entire Hartek team to execute on the company’s priorities, accelerate growth and enhance value for shareholders and all stakeholders. I am eager to contribute to build on the company’s momentum and strong business fundamentals. The Hartek Group has fantastic support from our new investors in terms of funding, market access and customer reach. We will invest responsibly for customer experience and profitable growth. I am truly privileged to be a part of this exciting journey.”

 

About Hartek Group

The Chandigarh-based Hartek Group is one of India’s fastest growing concerns catering to the power sector through five strategic business units—Power Systems, Rooftop Solar, Power Distribution Products, Fuel Services and Smart Grids. Its flagship company, Hartek Power, is one of India’s leading EPC firms. Having executed over 200 high-voltage and extra high-voltage substation turnkey projects, Hartek Power has also connected over 2 GW of solar projects to the grid. The Hartek Group’s rooftop solar vertical, Hartek Solar, has been rated among India’s top rooftop solar installers by Mercom Capital Group. The company is firming up its foothold in the rooftop segment by coming up with innovative and customised solutions. Having secured over 3,000 clients since its inception 30 years ago, the Hartek Group also manufactures a complete range of power distribution equipment under Hartek India, which has a long-standing tie-up with big multinationals like Siemens and Schneider Electric.