Key Highlights:
- Strategic importance to and strong support from Government of India (GOI), which holds 56% as of FY25
- Significant market player in the power financing sector with diversification to loans to generation companies, renewable energy companies, transmission companies, etc.
- FY25, the company had an AUM of INR 532818.27 crore and a Net worth of INR 90936.87 crore.
Overview:
Power Finance Corporation Limited (PFC) is an Infrastructure Finance Company dedicated to financing the power sector. It was established by the Govt. of India in in July 1986 to provide exclusive focus for financing and development of the power sector in the country. Today, Power Finance Corporation Limited is the single largest lender to the Indian power sector and supports about 23% of the country's installed power generation capacity.
Power Finance Corporation Limited in its role as a Development Financial Institution has also been supporting State Power Utilities through a variety of capacity building measures. Power Finance Corporation Limited is also the nodal agency for development of Ultra Mega Power Projects (UMPP) and Restructured Accelerated Power Development and Reforms Program (R-APDRP).
Management
Smt. Parminder Chopra (Chairman & Managing Director)
Smt. Parminder Chopra has assumed the charge of Chairman and Managing Director (CMD) of Power Finance Corporation Limited (PFC) w.e.f. 14 August 2023 on appointment by Govt. of India. Previously, she held the additional charge of Chairman and Managing Director (CMD), w.e.f 01.06.2023 and was Director (Finance), PFC since 01.07.2020. With this, Smt. Chopra becomes the first woman to lead India’s largest NBFC, PFC.
She has over 35 years of varied experience in Power and Financial Sector. In PFC, she was heading key finance functions including resource mobilization (domestic & international markets), banking, treasury, asset liability management and stressed asset resolution. Her prior experience includes service in power sector majors like NHPC Limited and Power Grid Corporation of India Limited. She is in a unique position to leverage the rare blend of experience in Power and Financial Sector and lead PFC’s transformational journey.
Shri
Rajiv Ranjan Jha (Director - Projects)
He has been handling the PFC’s loan portfolio in Western Region including State Sector Coordination Work in the States of Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh and Goa. He has earlier handled the entire loan portfolio in Consortium Lending with PFC as lead FI. He has also handled the entire Renewable Energy loan portfolio of PFC. He has also worked on Project Appraisal (especially for Independent Private Power Projects) & Ultra Mega Power Projects in PFC.
He holds a bachelor’s degree in science (Mechanical Engg.) from NIT Jamshedpur of Ranchi University and a Diploma in Management from IGNOU. He has overall 33 years of experience and had been holding the position as Executive Director (Projects), PFC since May 27, 2019.
Shri
Manoj Sharma (Director - Commercial)
In PFC, he has handled multiple areas & domains including institutional appraisal & development, entity appraisal, legal & documentation, taxation, budget, audit, preparation of financial statements & audit reports, financial analysis, resource mobilization, debt syndication and consultancy assignments on financial/commercial aspects in power sector.
During the last 3 decades, he has been associated with entire spectrum of PFC's loan assets, covering formulation of lending policies, putting in place a policy framework to guide appraisal with a structured format for financial analysis, compliance with applicable regulatory and statutory frameworks, monitoring conditions, facilitating disbursement, resolution mechanism for stressed accounts, etc.
He is also Chairman of PFC Projects Limited and Jharkhand Infrapower Limited.
Key Financial – FY25
All figures in INR Crore
Particular |
Amount |
|
AUM |
532818.27 |
|
Cash & Bank Balances |
6842.66 |
|
Borrowing |
475515.44 |
|
Total Assets |
578177.33 |
|
Revenue |
53127.7 |
|
Profit After Tax |
17352.1 |
|
PAT Margin |
32.66 % |
|
Total Net worth |
90936.8 |
|
Return on Equity |
20.40 % |
|
NNPA |
0.39 % |
|
NIM |
3.64 % |
|
CRAR |
22.08 % |
Lenders:
The prominent lenders in Power Finance Corporation Limited include:
Banks:
· Bank of Baroda
· HDFC Bank
· ICICI Bank
· State Bank of India
· Punjab & Sindh Bank
· KFW
· IIFCL
Equity
· Government of India
· HDFC Trustee Company
Explore corporate bonds below for Power Finance Corporation Limited
| Instrument Name | ISIN Id | Credit Rating | Min. Investment | Nature of security | YTM | Tenure |
| (in Months) | ||||||
| Power Finance Corporation Limited | INE134E07AN1 | ICRA "AAA" | ₹ 3,14,700 | Listed (Secured) | 6.80% | 66 |
| INE134E07AM3 | ICRA "AAA" | ₹ 3,14,700 | Listed (Secured) | 6.80% | 66 |
Above mentioned corporate bond details are as of Date: 20.08.2025
Disclaimer:
Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.