Smt. Parminder Chopra presently CMD- Power Finance Corporation Ltd. assigned the additional charge as Chairman & Managing Director- REC Ltd for a period of three months.
Smt. Parminder Chopra, an exemplary leader in the power and financial sectors, who is currently serving as the Chairman & Managing Director (CMD) of Power Finance Corporation Ltd. (PFC), has been entrusted with the additional charge as CMD of REC Ltd. with immediate effect . This prestigious assignment is a testament to her exceptional leadership, financial acumen, and unwavering commitment to India’s power sector growth.
Smt. Chopra made history on August 14, 2023, when she assumed the role of CMD at PFC, becoming the first woman to lead India’s largest Non-Banking Financial Company (NBFC). Prior to this, she had been holding the additional charge of CMD since June 1, 2023, and had been serving as Director (Finance) at PFC since July 1, 2020.
A visionary finance leader, Smt. Chopra has played a pivotal role in PFC’s unprecedented financial success, overseeing record-breaking achievements such as the highest-ever net profit, strongest net worth, and the lowest NPA levels in the company’s history. Her strategic foresight and financial expertise were instrumental in PFC attaining the prestigious “Maharatna” status, solidifying its position as one of India’s most elite public sector enterprises. Notably, she was a key architect behind the ₹1.12 trillion Liquidity Infusion Scheme (LIS) for the power distribution sector, a transformative initiative under the Atmanirbhar Bharat program.
With an illustrious career spanning over 35 years, Smt. Chopra has masterfully led critical finance functions at PFC, including domestic and international resource mobilization, treasury management, asset-liability management, and stressed asset resolution. Her extensive experience at NHPC Limited and Power Grid Corporation of India Limited further amplifies her unique ability to integrate expertise from both the power and financial sectors, positioning her as a trailblazer in India’s energy financing landscape.
As she assumes additional responsibility at REC Ltd., Smt. Chopra is poised to drive synergies between PFC and REC, further strengthening India’s financing ecosystem for power and infrastructure. Under her dynamic leadership, PFC has emerged as India’s largest renewable energy financier, with a sharp focus on clean energy initiatives, including funding for electric vehicles, biofuels, hybrid renewables, and renewable equipment manufacturing. She has played an instrumental role in securing MoUs worth ₹2.40 lakh crore with clean energy developers, solidifying PFC’s position as the principal financier of India’s green energy revolution.
Beyond financial milestones, she remains dedicated to advancing the Government of India’s key power sector initiatives, including the Revamped Distribution Sector Scheme (RDSS) and Late Payment Surcharge (LPS) rules, reinforcing PFC’s role as a pillar of the nation’s power sector reforms.
A distinguished academic achiever, Smt. Chopra holds a Bachelor’s degree in Commerce from Delhi University and is a qualified Cost and Management Accountant. She further honed her expertise with a Post Graduate Diploma in Business Management and advanced executive training in Risk Management and Global Management from prestigious institutions such as Harvard University, USA, and the European School of Management.
Her exceptional contributions have been recognized with numerous prestigious accolades. In 2023, she was honored as the ‘Icon of the Year’ by the Institute of Cost Accountants of India, celebrating her transformative impact on business, society, and the nation. In the same year, she was also conferred with the “Finance Leader of the Year” award, recognizing her outstanding contributions to the finance industry. These awards reflect her trailblazing achievements and far-reaching influence across sectors.
With her remarkable leadership, deep financial expertise, and unwavering commitment to India’s power sector, Smt. Chopra is set to lead both PFC and REC Ltd. to even greater heights, driving sustainable energy financing, innovation, and financial excellence.
IndianBureaucracy.com wishes Smt Parminder Chopra the very best.
