Delhi: WAPCOS Limited is a “Mini Ratna-I” Public Sector Enterprise under the administrative control of the Union Ministry of Jal Shakti, Government of India (GoI), currently led by Hon’ble Minister C R Patil. It is a technology-driven organization offering end-to-end solutions in the domains of Consultancy, Engineering, Procurement and Construction. With a legacy spanning over five decades, WAPCOS has executed projects in more than 50 countries, with a significant presence across South Asia, Africa, and other developing regions. The organization specializes in delivering integrated and customized solutions across Water Resources, Power, and Infrastructure Sectors, contributing to socio-economic development worldwide.
Strategic Vision Meets Integrity under the leadership of R K Agrawal
WAPCOS welcomed Rajni Kant Agrawal as its Chairman-cum-Managing Director (CMD) on October 4, 2021, marking the beginning of a transformative chapter in the company’s journey and this period was extremely challenging and full of hardships for the company, but under his leadership defined by strategic foresight, unwavering integrity, and a deep-rooted commitment to excellence, which continues to propel WAPCOS toward sustained growth and global recognition.
Mr Agrawal’s appointment as CMD is the culmination of an illustrious career defined by dedication, innovation, and strategic execution. Prior to his current role, he served as Chief Executive Director at WAPCOS, where he led diverse portfolios encompassing high-value, multi-disciplinary projects. One of his most notable achievements was his leadership at the National Projects Construction Corporation (NPCC), where he revived the organization from a loss-making unit to a profitable Mini Ratna PSU. His efforts were pivotal in overhauling project management practices, enhancing delivery timelines, and fostering a culture of accountability and innovation.
Through a comprehensive and hands-on approach, he has consistently demonstrated the ability to navigate complex projects, manage multi-stakeholder engagements, and deliver value under challenging circumstances. His efforts have not only elevated operational performance but also enhanced stakeholder confidence—both in India and in international markets.
With over 33 years of experience, he possesses extensive expertise spanning the planning, design, and execution of major infrastructure projects; the development of water resources and power sector initiatives; and specialized skills in project planning, contract management, and construction supervision. His proficiency also extends to international project implementation and business development, reflecting a well-rounded and strategic approach to leadership and execution.
From India to the World: WAPCOS Strengthens Global Vision under Mr Agrawal’s Leadership including strong Financial Growth of the Company
As per our sources, since Rajni Kant Agrawal assumed leadership, WAPCOS has consistently demonstrated robust financial performance. For the financial year 2024–25, the company achieved impressive milestones:
- Turnover: ₹1,679 Cr, representing a 9.74% increase over the previous financial year.
- Profit Before Tax (PBT): ₹95 Cr, showing a 20.44% growth, underscoring strong cost management and revenue growth.
- New Business Acquisition: ₹3,354 Cr, a 13.50% increase, reflecting growing trust and a stronger market footprint.
- Manpower Expenditure to Turnover Ratio: Improved by 2.63%, signifying better resource utilization and enhanced productivity.
These key performance indicators underline the financial discipline, operational efficiency, and visionary leadership that Mr Agrawal has brought to the organization. The continuous cash flow and consistent profitability are crucial for running a PSU of this scale and complexity.
According to our sources, several senior officers of the company have shared that R.K. Agrawal successfully guided the organization through adverse circumstances with exceptional patience and strategic vision. However, it has also come to light that a few disloyal individuals within the company made unsuccessful attempts to tarnish its reputation. It is imperative that administrative action is taken against them, as their activities have hindered the company’s growth and development. Sources further indicate that strong disciplinary measures, as per company norms, may soon be initiated against these elements.
Vision for the Future: Scaling New Heights
Driven by the dynamic leadership of Mr Agrawal, WAPCOS is charting a course toward setting new industry benchmarks, expanding its global footprint, and reinforcing its legacy of nation-building through engineering excellence.
He is committed to expanding WAPCOS’s role as a trusted partner in development, reinforcing its stature as a flagship PSU that aligns with India’s vision of sustainable infrastructure, digital transformation, and global outreach. His roadmap emphasizes:
- Diversification into emerging sectors
- Digital innovation and sustainability-driven practices
- Strengthening international collaborations
- Skill development and capacity building within the organization
With such clarity of purpose and a forward-looking mindset, Mr Agrawal continues to inspire a culture of accountability, efficiency, and excellence throughout the organization. Mr R K Agrawal’s leadership is not only redefining the success parameters of WAPCOS but also setting a powerful example for public sector enterprises across India. His strategic vision, technical acumen, and people-centric leadership style are helping WAPCOS write a new chapter—one that is globally relevant, nationally significant, and fundamentally sustainable. These remarkable achievements are being realized under the visionary guidance of Hon’ble Union Cabinet Minister C R Patil, head of the Ministry of Jal Shakti, whose support has been instrumental in WAPCOS’ continued success.
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