The government-owned Power Finance Corp. (PFC), India’s leading non-banking financial company (NBFC), on Wednesday announced the appointment of Parminder Chopra as Director Finance. She succeeds NB Gupta, who superannuated on June 30.
Chopra was previously working as Executive Director (Finance) at PFC. With over 32 years of rich and varied experience, she specialises in handling crucial and core finance functions such as fund mobilisation, corporate accounts, banking & treasury, asset-liability management, stressed asset resolution, etc.
Before joining PFC, she was associated with key organisations in the power sector like the National Hydroelectric Power Corporation of India (NHPC) and Power Grid Corporation of India (PGCIL).
After joining PFC in 2005 she spearheaded the key initiative to diversify PFC’s fund mobilisation to international markets that allowed the lender to raise money at lower costs. With her focussed approach, the share of fund mobilisation in foreign currency grew from a meagre 2 per cent to 15 per cent within a short span of two years.
Chopra has also been lauded for many firsts including the launch of PFC’s maiden green bond issue in the US bond market under sec 144 (a). She also played a key role in PFC’s mega acquisition of Govt. of India’s holding of 52.63 per cent in REC Ltd and overcame challenges related to PFC’s capital adequacy levels and negotiations with various parties regarding the company’s borrowing agreements and domestic and international credit rating.
Chopra also serves as Director on the Board of Coastal Tamil Nadu Power Ltd and Cheyyur Infra Ltd.