REC Limited becomes first Indian Public Sector NBFC to achieve ISO 31000:2018 certification

VoM News Desk | July 28, 2025 | 04:23 PM IST | Breaking News, Business, India | Follow on Google News

REC Limited becomes first Indian Public Sector NBFC to achieve ISO 31000:2018 certification

NEW DELHI, 28 July 2025 – REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has been certified with ISO 31000:2018 (Risk management — Guidelines) for its enterprise-wide risk management framework. This significant achievement marks REC as the first Indian Public Sector Non-Banking Financial Company (NBFC) to receive this certification from the British Standards Institution (BSI).

The ISO 31000:2018 is an internationally recognized standard that provides principles and guidelines for effective risk management. This is a testimony to our efforts of having adopted the best-in-class risk management practices to offer significant value to REC on the risk management and mitigation front.

“This ISO 31000:2018 certification is a testament to REC’s unwavering commitment to excellence in Enterprise Risk Management,” said Mr. Subrata Aich, Chief Risk Officer of REC. “It signifies that REC has a structured, comprehensive, and internationally aligned approach to risk management, which will further enhance the confidence of all our stakeholders, including investors and lenders.”

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The official certificate was formally handed over to Sh. Subrata Aich by Sh. Shripad Yesso Naik, Minister of State for Power and New & Renewable Energy and Sh. Prateek Rai, India Head – Training (Sales and Operations), BSI, during 56th Foundation Day of REC.

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