Mr P.K. Bajpai, 56, has assumed charge as Director (Finance) of engineering major Bharat Heavy Electricals Ltd (BHEL). Prior to his appointment on the State-owned firm's Board, Mr Bajpai was heading the company's financial services division as Executive Director. A Mechanical Engineer from IIT, Kanpur; MBA from the University of Leeds, UK, and AICWA from the Institute of Cost and Works Accountants of India, Mr Bajpai joined BHEL as an Engineer Trainee in 1977, a company release said. He has 34 years of diversified experience through working in major segments of BHEL, it said.