Parminder Chopra becomes first woman to lead Power Finance Corporation
Power Finance Corporation Limited (PFC) appointed Parminder Chopra as Chairman and Managing Director (CMD), with effect from August 14, 2023 becoming the first woman to lead the company, the NBFC announced on Thursday. Previously, she was holding the additional charge of Chairman and Managing Director (CMD) since June 1, 2023 and was Director (Finance), PFC since July 1, 2020.
With over 35 years of experience in power and finance, Chopra led India's largest NBFC to highest net profit, highest net worth and lowest NPA levels during her time as Director. She headed key finance functions like resource mobilization (domestic & international markets), banking, treasury, asset liability management and stressed asset resolution.
It was PFC's robust financial performance, under Chopra's leadership that also facilitated the company to get the highest status of “Maharatna”. She played a key role in the successful implementation of Rs 1.12 trillion Liquidity Infusion Scheme (LIS) for the power distribution sector, which was rolled out as part of Indian government's Atmanirbhar Bharat initiative.
Hailing experience from service in power sector majors like NHPC Limited and Power Grid Corporation of India Limited, she brings to the table, a rare blend of experience in power and financial sector. With her new role, the company believes that Chopra will be providing impetus to PFC’s role of financing India's energy transition goals apart from funding power & infrastructure sectors.
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