New Delhi : State-owned Power Finance Corporation (PFC) has announced two key appointments to its Board of Directors, reinforcing the company’s leadership structure and corporate governance framework. The appointments include Shri V. Packirisamy as Director (Commercial) and Shri Pankaj Gupta as Part-time Non-Official Director.
The appointments were formally approved during a meeting of the PFC Board of Directors held on June 24, 2026, following directives issued by the Ministry of Power, Government of India.
According to the company’s regulatory filing, V. Packirisamy assumed charge as Director (Commercial) with effect from June 2, 2026, while Pankaj Gupta joined the Board as Part-time Non-Official Director effective June 22, 2026.
Ministry of Power Approves Appointments
PFC stated that both appointments were made pursuant to official orders issued by the Ministry of Power on June 2, 2026, and June 22, 2026, respectively. The appointments were subsequently placed before the Board and formally recorded during its latest meeting.
The move reflects the government’s ongoing efforts to strengthen leadership and governance across major Public Sector Enterprises (PSEs) involved in India’s power and infrastructure financing sectors.
Strengthening Commercial Operations and Governance
The appointment of V. Packirisamy as a full-time functional director is expected to enhance PFC’s commercial and strategic capabilities. In his role as Director (Commercial), he will oversee critical business functions, including power sector financing, project evaluation, business development, and commercial operations.
Industry observers believe that his appointment comes at a crucial time as India continues to expand investments in renewable energy, power transmission, and large-scale infrastructure projects.
Meanwhile, the inclusion of Pankaj Gupta as a Part-time Non-Official Director is expected to strengthen independent oversight, improve board-level decision-making, and support the company’s commitment to strong corporate governance standards.
PFC’s Critical Role in India’s Energy Sector
Power Finance Corporation is one of India’s leading Non-Banking Financial Companies (NBFCs) and serves as a major financial institution supporting the country’s power sector. The company provides funding for projects related to power generation, transmission, distribution, and renewable energy development.
As a Government-owned enterprise, PFC plays a vital role in advancing India’s long-term energy security objectives and infrastructure modernization efforts. The corporation has been instrumental in financing projects that contribute to the nation’s economic growth and energy transition goals.
Supporting Future Growth and Expansion
The latest board-level appointments are expected to support PFC’s future growth strategy as the company expands its financing portfolio and strengthens its position within India’s evolving energy ecosystem.
With increasing investments in clean energy, grid modernization, and infrastructure development, strong leadership is considered essential for maintaining operational efficiency and driving sustainable growth.
Regulatory Compliance and Stock Exchange Disclosure
PFC informed both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) about the appointments in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The official disclosure was signed by Manish Kumar Agarwal, Company Secretary and Compliance Officer of Power Finance Corporation.
The appointments of V. Packirisamy and Pankaj Gupta are expected to further strengthen PFC’s leadership team as the company continues to play a pivotal role in financing India’s rapidly expanding power and infrastructure sectors.