Power Finance Corporation Ltd disclosed the assumption of charge by Shri V. Packirisamy (DIN: 08910218) as Director (Commercial) on the company's Board, effective June 2, 2026.
The disclosure is made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Professional Background
Shri V. Packirisamy has been associated with Power Finance Corporation since January 1997, bringing over 33 years of professional experience. His educational qualifications include:
- Bachelor's degree in Mechanical Engineering from Sastra University
- M.Tech in Management Systems from IIT Delhi
Areas of Expertise and Contributions
During his tenure at PFC, he has worked across multiple domains including:
- Credit appraisal
- Rating of power utilities
- Power sector reforms and restructuring
- Financial analysis of borrowers
- Preparation of Operational & Financial Action Plans (OFAP)
- Consultancy assignments on financial and commercial aspects of the power sector
Key Organizational Contributions
His contributions have been instrumental in:
- Strengthening PFC's institutional framework
- Expanding the organization's operations
- Strengthening appraisal and risk management frameworks
- Contributing to the growth of PFC's loan portfolio
- Resolution of stressed assets
- Formulation of lending policies
- Development of financial analysis systems
- Establishment of borrower rating mechanisms
- Ensuring compliance with regulatory and statutory requirements
- Leading IT transformation of PFC
- Enhancing overall IT capacity development in PFC
Director Relationships and Compliance
The document states there are no relationships between directors (NIL). As per declaration given by Shri V. Packirisamy, he is not debarred from holding the office of Director by virtue of any SEBI Order or any other such authority.
Tenure
His appointment is effective from the date of assumption of charge (June 2, 2026) till the date of his superannuation or until further orders, whichever is earlier.