Parminder Chopra becomes first woman to head Power Finance Corporation
Team Current Hunt
Parminder Chopra has been recommended by the Public Enterprises Selection Board (PESB) to become the next Chairman and Managing Director (CMD) of Power Finance Corporation (PFC), India’s largest non-banking financial company (NBFC) by net worth.
Parminder Chopra has been working with PFC since 2005 and is serving as Director (Finance) and CFO since 2020.
She is also a member of the Board of Directors.
In the third quarter of FY 2022-23, PFC registered a 7% year-on-year growth in its consolidated net profit, which reached Rs 5,241.10 crore.
The company’s total income also increased to Rs 19,662.65 crore during the quarter as against Rs 19,213.69 crore in the same period last year.
PFC’s consolidated loan asset book crossed Rs 8 lakh crore, reaching Rs 8,04,526 crore as on December 31, 2022.
In the first nine months of FY2023, consolidated disbursements crossed the Rs 1 lakh crore mark, totaling Rs 1,06,875 crore, and a growth of 28% year-on-year.
