Shri S K Garg  has taken over the charge of  Chairman and Managing Director of National Hydroelectric Power Corporation Ltd. (NHPC) in addition to his present assignment as Director (Finance) w.e.f  1.10.2005 (FN). 

Shri Garg, a Chartered Accountant by profession,  joined Indian Oil Corporation in 1974. During his stay in IOC, he worked in various important Divisions/Offices of IOC viz. Marketing, Pipelines, Corporate Office, besides an important stint at Oil Coordination Committee (OCC). Shri Garg has a long and varied experience in his career spanning more than  30 years in the areas of Marketing, Corporate Finance, Excise and Customs, Project Appraisal, Oil Pricing etc. Shri Garg had successful tenures in the Northern and Eastern Regions of the Marketing Division of IOC as Head of Finance. 

As recognition of his marketing field experience , he led the Rajasthan State Office of IOC as General Manager and won Chairman's trophy for the Best State Office for the year 2000-2001. In OCC he was closely associated with pricing of petroleum products, having worked with the Oil Price Review Committee (OPRC) as well as another high power committee of Govt. of India for fixation of  royalty on crude oil. During his three decades of stay in Indian Oil Corporation, the country's top Public Sector Undertaking. Shri Garg has widely traveled and  acquired varied experience. 

Shri Garg  took over as Director (Finance) in the Board of NHPC on 1^st July, 2003. Since his joining the Corporation, he has brought about significant changes in the Financial Management of the Corporation, besides initiating major HR  interventions .  He for the first time created a Treasury Management Group within Finance for mobilization of  financial resources in a cost effective manner which has resulted into the fact that the average interest cost of  finance has come down to around to 6% from 9 to 10%.  Due to his untiring efforts  in the area of Financial Management , the Corporation for the first time since its inception has stopped utilizing working capital limits. NHPC achieved the highest ever profit of Rs.685 Crores in the year 2004-2005 under his able leadership. 

Shri Garg has also made significant  HR interventions including redefining of NHPC's Vision and Mission and building an Organisation Culture for performance improvement. He is also the guiding force behind the ongoing ERP initiative in the organisation.