Power Finance Corporation Limited (PFC.BO)

398.50 +3.05 (+0.77%) At close: 03:58PM IST

Power Finance Corporation Limited

Urjanidhi
1, Barakhamba Lane Connaught Place
New Delhi 110001
India
91 11 2355 6000
https://www.pfcindia.com

Sector(s): Financial Services
Industry: Credit Services
Full Time Employees: 519

Key Executives

Name	Title	Pay	Exercised	Year Born
Ms. Parminder Chopra	MD, CFO & Chairman	8.6M	N/A	1967
Mr. Rajiv Ranjan Jha	Director of Projects & Executive Director	9.05M	N/A	1966
Mr. Manoj Sharma	Director of Commercial & Director	5.97M	N/A	1966
S. S. Rao	Head of The Public Relations Department	N/A	N/A	N/A
Ms. Simmi R. Nakra	Chief Vigilance Officer	N/A	N/A	N/A
Ms. Ankit Bansal	GM & Chief Risk Officer	N/A	N/A	N/A
Mr. Manish Kumar Agarwal	GM & Company Secretary	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in INR.

Description

Power Finance Corporation Limited, a non-banking finance company, provides financial products and related advisory, and other services to the power sector in India. The company offers fund based financial policies/products, including guidelines for solar and wind power generation projects, as well as for funding private sector independent transmission projects; debt refinancing and prepayment policy for solar wind projects; and takeout financing, asset acquisition, bridge loan, buyer's line of credit, credit facility for purchase of power through power exchange, energy saving project, and project and short-term loan services. Its fund based financial policies/products also include financing for purchase of equipment; grants/interest free loans for studies/consultancies; lease financing for the purchase of equipment and wind power projects; line of credit for import of coal; policy for underwriting of debt; and financial assistance to distribution franchisee. In addition, the company provides non-fund based policies/products comprising guarantees, letter of comfort, and policy for guarantee for credit enhancement; and non-fund based consultancy services. Power Finance Corporation Limited was incorporated in 1986 and is headquartered in New Delhi, India.

Corporate Governance

Power Finance Corporation Limited’s ISS Governance QualityScore as of April 1, 2024 is 5. The pillar scores are Audit: 9; Board: 5; Shareholder Rights: 5; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.