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A seasoned professional with extensive experience in the power sector, Shri Packirisamy has held several key leadership positions during his distinguished career. His deep understanding of the sector and proven track record are expected to add significant value to PFC’s ongoing efforts in supporting India’s growing energy and infrastructure requirements.

The appointment comes at a crucial time as PFC continues to play a pivotal role in financing the country’s power and infrastructure sectors. The PFC family looks forward to Shri Packirisamy’s valuable contributions and wishes him every success in his new role as the organization advances its commitment to India’s energy transition and sustainable development.

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A highly respected figure in the media and PR fraternity, Shri Rao is widely recognized for his helpful nature and supportive approach toward journalists and corporate communication professionals alike. He began his career with the Indian Express group in Hyderabad, building a strong foundational expertise that would later define his professional journey in the national capital. For over a decade, he masterfully managed PFC’s media relations, press releases, and public affairs, earning a distinguished and special place within the industry.

Shri Rao’s immense contributions have also earned him stellar national recognition. He was inducted into the prestigious Hall of Fame by the Public Relations Council of India (PRCI) and has served as the Chairman of the Public Relations Society (PRSI), Delhi Chapter, where he actively guided and mentored the PR community. As he steps into a new chapter of retirement, the entire PFC family expressed deep gratitude for his lasting legacy, wishing him a future filled with good health, happiness, and fulfillment.

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Beyond its core lending role, PFC has transitioned into a vital strategic partner for the Government of India, actively supporting the nation’s journey toward energy security. Smt. Parminder Chopra emphasized that the company’s resilience is deeply linked to the national agenda, particularly through the prioritized funding of the Revamped Distribution Sector Scheme (RDSS) and critical support for State Power Utilities. This proactive approach ensures that as national power demand reaches record highs, PFC remains at the forefront of fueling a sustainable and energy-secure future for the country.

Looking ahead, PFC is aggressively diversifying its portfolio to include emerging infrastructure sectors such as logistics, waste-to-energy, and e-mobility. By leveraging its Maharatna status to access competitive funding from domestic and international markets, the corporation is maintaining a solid financial trajectory that supports India’s broader infrastructure goals. This commitment to long-term excellence and strategic financing positions PFC not just as a financial powerhouse, but as a key architect in building a modern, efficient, and self-reliant energy landscape for India.

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Shri Agarwal has a distinguished career spanning over 31 years in the Power and Financial sectors. He holds a Bachelor’s degree in Commerce (Honours) and is a Member of the Institute of Cost Accountants of India.

In his career at PFC since 2009, he managed various cross-functional teams and earned diversified experience in the areas like Corporate Accounts, Taxation, Fund Management & Banking, Lending Policy Compliance, Restructured Assets Management, Fund Raisings and Loan Disbursement. He has been instrumental in spearheading digital reforms and worked extensively towards excellence in financial reporting. He is also a distinguished Speaker at various Professional forums.

Prior to joining PFC, he has a rich experience in other Power Sector Companies like NTPC, NPCIL & DTL handling core finance functions along with other key areas like Tariff Matters, PPA Negotiations & Implementation of Ahluwalia Committee Reforms in Power Sector.

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The Finance Minister said that the government will restructure the Power Finance Corporation and Rural Electrification Corporation. She also said that total return swaps on corporate bonds will be introduced for suitable access to funds and derivatives on corporate bond indices. She said, an incentive of 100 crore rupees for a single bond issuance of more than 1000 crore rupees will be provided to encourage the issuance of municipal bonds of higher value by large cities.

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The conference was inaugurated by Hon’ble Union Power Minister Shri Manohar Lal, who highlighted the critical role of DISCOMs and the positive impact of ongoing sector reforms.

Smt. Parminder Chopra, CMD, PFC, chaired a key panel discussion on “Viability of DISCOMs and Cost-Reflective Tariffs”, focusing on financial discipline, renewable integration costs and long-term sustainability. Shri V. Packirisamy, Executive Director, PFC, made a presentation on the financial viability of DISCOMs, sharing important insights and reform imperatives.

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