Powering Up

Under Parminder Chopra's able leadership, PFC has achieved great success, propelling her to the top of the BT MPW list

- KRISHNA GOPALAN

FOR THOSE IN India’s power sector, it is a once-in-a-lifetime moment. The transformation from conventional power to sustainable and green power is an idea whose time has come.

Occupying a pivotal position in this landscape is Parminder Chopra, Chairman and Managing Director of Power Finance Corporation (PFC), the public sector undertaking financing India’s power transition. “It requires building technical knowhow to keep up with sectoral developments, in addition to strategic resource mobilisation, to be able to lend at competitive interest rates,” says Chopra, who moved into the corner office in August 2023.

In terms of numbers, in FY25, PFC reported a total income of over ₹1.06 lakh crore with a net profit of ₹30,514 crore. That performance propelled Chopra to the top of the BT Most Powerful Women in Business list.