Parminder Chopra has been appointed as the Chairman and Managing Director (CMD) of Power Finance Corporation (PFC), making her the first woman to lead India’s largest Non-Banking Financial Company (NBFC). She was previously the Director of Finance at PFC from July 1, 2020, with the additional role of CMD since June 1, 2023.
An Exemplary Education
Chopra has a Bachelor’s Degree in Commerce from Delhi University and is a certified Cost and Management Accountant. In addition, she also holds a Post Graduate Diploma in Business Management and has completed advanced courses on Risk Management and Global Management from prestigious universities including the European School of Management and Harvard University in the United States.
Career Milestones
In her capacity as Director of Finance, Chopra led the Finance Division’s initiatives. Additionally, she was crucial to the effective implementation of the ₹1.12 trillion Liquidity Infusion Scheme (LIS) for the power distribution industry, which was a key element of the Government of India’s Atmanirbhar Bharat initiative. With more than 35 years of diverse expertise in the power and financial sector, Chopra has had the opportunity to work at NHPC Limited and Power Grid Corporation of India Limited, among other prestigious companies. Her knowledge covers a wide range of crucial financial operations, including banking, asset liability management, treasury management and resource mobilisation (both domestic and foreign markets).
Finance Leader Of 2023
Parminder Chopra has been awarded the 'Icon of the Year' title by the Institute of Cost Accountants of India this year. She was also presented with ‘Finance Leader of the Year’ award. In order to become a primary financier of clean energy projects, PFC has signed Memorandums of Understanding (MoUs) with clean energy developers worth ₹2.40 lakh crore. Under Chopra’s direction, PFC has increased funding to clean energy projects, including financing of electric vehicles, biofuels, hybrid renewables like Round The Clock, and the manufacturing of renewable equipment. She is committed to the continued support of Government of India’s major electricity sector measures, such as the Revamped Distribution Sector Scheme (RDSS) and the Late Payment Surcharge (LPS) regulations.
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