Power Finance Corp appoints Parminder Chopra as Chairman, Managing Director
Power Finance Corporation Limited (PFC) selected Parminder Chopra as Chairman and Managing Director (CMD), effective August 14, 2023, becoming the first woman to lead the company, the NBFC announced. She had previously served as Director (Finance) at PFC since July 1, 2020, and as Chairman and Managing Director (CMD) since June 1, 2023. With over 35 years of experience in power and finance, Chopra led India's largest NBFC to the 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 the 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 the 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.
"Under her leadership, PFC as India’s largest renewable energy financier, has significantly increased funding to clean energy projects, including funding of Electric Vehicles, Biofuels, hybrid renewables like Round The Clock, renewable equipment manufacturing, etc., and recently signed MoUs with clean energy, developers for 
2.40 Lakh crore and emerging as the principal financier of clean energy projects," it added. She will continue to provide support in the implementation of key power sector initiatives of the Government of India, including Revamped Distribution Sector Scheme (RDSS) and Late Payment Surcharge (LPS) rules, it added. Parminder Chopra was conferred with the 'Icon of the Year’ and 'Finance Leader of the Year award for making significant contributions to the realms of business, finance, society, and the nation.
2.40 Lakh crore and emerging as the principal financier of clean energy projects," it added. She will continue to provide support in the implementation of key power sector initiatives of the Government of India, including Revamped Distribution Sector Scheme (RDSS) and Late Payment Surcharge (LPS) rules, it added. Parminder Chopra was conferred with the 'Icon of the Year’ and 'Finance Leader of the Year award for making significant contributions to the realms of business, finance, society, and the nation.
