All not well in WAPCOS: Unceremonious exit for CMD Rajni Kant Agrawal Amid Alleged Major Irregularities
Pankaj Kapoor, Director (Finance) at WAPCOS, has been handed additional charge of the CMD role for up to three months
In a significant leadership shake-up, the Ministry of Jal Shakti has removed Rajni Kant Agrawal from his position as Chairman‑cum‑Managing Director (CMD) of WAPCOS, effective immediately, citing complaints of operational “irregularities” within the PSU
Key Details:
Order Issued: The decision was formalized in an official order dated September 3, 2025, issued by Under Secretary Bhuwan Bhasker Panday. It states that Agrawal has been “divested of the charge of the post of CMD, WAPCOS Ltd. with immediate effect until further orders”
Interim Appointment: Pankaj Kapoor, Director (Finance) at WAPCOS, has been handed additional charge of the CMD role for up to three months—or until further orders—whichever is earlier. He reportedly assumed the role on Wednesday night
Nature of Irregularities: The Ministry invoked its special powers following complaints regarding irregularities in the functioning of WAPCOS. Specific details of the allegations have not been disclosed publicly
Background:
This incident marks the second consecutive WAPCOS CMD to face probes for alleged misconduct. Rajni Kant Agrawal’s predecessor, Rajinder Kumar Gupta, had come under investigation in 2023 after the CBI seized ₹38 crore in cash from his premises and charged him with amassing assets disproportionate to his known income during his 2011–2019 tenure
The ongoing focus on misconduct within WAPCOS underscores deep concerns about governance and accountability within the PSU.
Incidentally, his predecessor Rajinder Kumar Gupta faces a CBI probe after seizure of ₹38 crore cash
