About Power Finance Corporation Limited (PFC)

Power Finance Corporation Limited (PFC) operates as a Schedule-A Maharatna Central Public Sector Enterprise under the Ministry of Power and functions as India’s largest government-owned NBFC. The company has existed since 1986 and maintains its headquarters in New Delhi while holding registration as an Infrastructure Finance Company with the Reserve Bank of India. 

PFC invests capital across the power value chain starting from generation (conventional and renewable) through transmission and distribution while now funding infrastructure and logistics sectors including e-vehicle fleets and charging infrastructure and roads and ports and metro rail and smart cities.

The company provides an extensive product range consisting of long-term project finance as well as short-term loans and buyer’s lines of credit and debt refinancing and underwriting while offering non-fund-based support through letters of comfort and credit enhancement guarantees and fee-based advisory through its consulting subsidiary. The company accesses resources through domestic and international markets including green bonds and multilateral lines to offer competitive financing rates to borrowers throughout India.

The company has reached several key milestones including achieving Maharatna status and gaining RBI Infrastructure Finance Company designation while supporting 60 GW of renewable energy capacity equal to 25% of India’s non-fossil fuel power generation capacity and establishing its first power and infrastructure lending subsidiary at IFSC GIFT City to expand global financial market reach.  .

The organization has four subsidiaries that operate as of March 31, 2025 and does not maintain any foreign entities under its ownership.

Power Finance Corporation Limited (PFC) Key Management

• Parminder Chopra – Chairman & Managing Director
• Sandeep Kumar – Director (Finance)
• Rajiv Ranjan Jha – Director (Projects)
• Manoj Sharma – Director (Commercial)
• Shashank Misra – Director (Government Nominee)
• Manish Kumar Agarwal – Company Secretary & Compliance Officer

Latest Updates on Power Finance Corporation Limited (PFC)

• PFC achieved strategic growth by expanding its lending activities to infrastructure and logistics and created PFC Infra Finance IFSC Limited at GIFT City which became India’s first power and infrastructure lending subsidiary at the IFSC.
• Sectoral role: As a nodal and implementing agency, PFC appraises, sanctions and disburses funds to DISCOMs under the Revamped Distribution Sector Scheme (RDSS), and provides loans to cover the non-grant portion of approved RDSS projects, including smart metering and loss-reduction works.
• New areas financed: During the year, PFC extended financial assistance to projects in metro rail, petroleum refining, desalination and bio ethanol manufacturing; it is also pursuing opportunities in storage (Battery and Pumped Hydro), e-mobility and Green Hydrogen, with a focus on maintaining a 25% share of India’s renewable capacity.
  Market standing: The company continued to hold the highest domestic credit ratings and a sovereign-aligned international issuer rating profile as on March 31, 2025.
• Recognitions: PFC received recognition such as D&B’s Leading Infra Finance Company and the ASSOCHAM Corporate Bond Market Award 2024, among others, reflecting sectoral leadership and operational excellence.