PTC India Financial Services Announces Leadership Changes; Rajiv Malhotra Re-designated as MD & CEO (Addl. Charge)
PTC India Financial Services Limited has announced a key leadership change following its Board of Directors meeting held on June 4, 2026. The company confirmed that Shri Rajiv Malhotra has been re-designated from his role as Nominee Director to the position of Managing Director and Chief Executive Officer (MD & CEO) (Addl. Charge), effective July 1, 2026.The appointment places Mr. Malhotra in a transitional capacity, serving until November 30, 2026, which coincides with his superannuation date from PTC. The role is subject to subsequent approval by the shareholders of the Company. Currently, Shri Rajiv Malhotra holds the position of Executive Director and Group Chief Risk Officer (CRO) at PTC.
The company also confirmed that Shri R Balaji, who held the position of MD & CEO, had resigned from the post, effective June 30, 2026.
PTC India Financial Services Limited is currently seeking approval from its shareholders for Mr. Rajiv Malhotra’s appointment as MD & CEO (Addl. Charge) through a Postal Ballot process. The requisite details regarding this Postal Ballot will be provided in due course.
Professional Profile and Relationship Details
A detailed profile of the newly appointed executive, along with disclosures regarding related parties, has been made public. Mr. Rajiv Malhotra is described as a Mechanical engineer who holds a Post Graduate Program (PGP) in Management and a Financial Analysis charter (CFA).He has served as the Executive Director & Group Chief Risk Officer at PTC India Ltd since June 2013. His prior professional experience includes roles at NTPC, a Maharatna Company, serving as the Chief Operating Officer of Athena Energy Ventures Pvt. Ltd., and as Sr. Vice President (Business & Corporate Development) at Energy Infratech Pvt. Ltd.
The following table provides specific details regarding his appointment and disclosure of relationships:
| Particulars | Details |
|---|---|
| Role Transition | Appointment by re-designation from Nominee Director to MD&CEO (Addl. Charge). |
| Term of Tenure | The role is effective from July 1, 2026, until November 30, 2026. |
| Professional Background | Mr. Malhotra is an alumnus of NIT, Kurukshetra and Indian Institute of Management, Lucknow. He brings over 35 years of experience in the utility and energy sector. |
| Relationship Disclosure | Shri Rajiv Malhotra and Dr. Manoj Kumar Jhawar are related to each other as nominees of PTC until July 1, 2026. |
PFS Stock Price Movement
Shares of PTC India Financial Services Limited edged up to close at ₹30.88 today after gaining 0.23%, settling above yesterday's close. The stock traded within a tight range during the session, charting between an intraday low of ₹30.60 and a high of ₹31.42, with 478,401 shares accounted for.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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