Parminder Chopra Creates History As First Female Head Of India's Largest NBFC
Parminder Chopra has been designated as the Chairman and Managing Director (CMD) of Power Finance Corporation Limited (PFC). Prior to this, she had been entrusted with the additional responsibility of CMD since 1 June 2023, and concurrently held the position of Director of Finance at PFC from 1 July 2020. In this role, Chopra has achieved a historic feat by becoming the first woman to lead India's largest Non-Banking Financial Company, PFC.
Chopra holds a Bachelor's degree in Commerce from Delhi University and is a certified Cost and Management Accountant. She has also earned a Post Graduate Diploma in Business Management and has pursued advanced programs on Risk Management and Global Management from esteemed institutions including Harvard University in the USA and the European School of Management.
In 2023, she was honored with the 'Icon of the Year' award by the Institute of Cost Accountants of India. Furthermore, she was recognised as the "Finance Leader of the Year" during the same year.
Throughout her tenure as Director of Finance, Chopra has been instrumental in spearheading the Finance Division's initiatives. Notably, she played a pivotal role in the successful execution of the Rs 1.12 trillion Liquidity Infusion Scheme (LIS) for the power distribution sector, a critical component of the Atmanirbhar Bharat initiative initiated by the Indian Government.
With an extensive experience spanning over 35 years in the Power and Financial Sectors, Chopra has contributed her expertise to esteemed organisations including NHPC Limited and Power Grid Corporation of India Limited.
Her proficiency covers vital financial domains, encompassing resource mobilisation (both in domestic and international markets), banking, treasury management, asset liability management, and the resolution of stressed assets.
PFC records notable Q1 profit growth of 31 per cent, amounting to Rs 5,982 crores; loan asset book grows by 17 per cent to reach Rs 8.86 lakh crores.
