Shri V. Packirisamy Appointed Director (Commercial) on the Board of Power Finance Corporation Limited
Power Finance Corporation Limited (PFC), a Government of India Undertaking, announced the assumption of charge of Shri V. Packirisamy as its Director (Commercial). The appointment was effective as of June 2, 2026.Shri V. Packirisamy assumed the role of Director (Commercial) on the Board of Power Finance Corporation Limited, following an order indicating his appointment by the President.
Key details regarding the appointment include:
| Designation | Date of Joining |
|---|---|
| Director (Commercial) | 2.06.2026 |
The board confirmed that Shri V. Packirisamy has been associated with Power Finance Corporation (PFC) since January 1997, bringing over 33 years of professional experience to the role.
Academically, Shri Packirisamy holds a Bachelor's degree in Mechanical Engineering from Sastra University and an M.Tech in Management Systems from IIT Delhi.
Throughout his tenure, Shri Packirisamy has amassed diverse experience across several critical domains within the power sector. His expertise covers credit appraisal, rating of power utilities, power sector reforms and restructuring, and financial analysis of borrowers.
His professional contributions have been instrumental in strengthening PFC's institutional framework. Over the years, he has played a pivotal role in expanding the organization's operations and strengthening its appraisal and risk management frameworks.
Furthermore, Shri Packirisamy's involvement has included preparing Operational & Financial Action Plans (OFAP) and contributing to consultancy assignments focused on the financial and commercial aspects of the power sector. His contributions have also included leading the IT transformation of PFC, significantly enhancing the overall IT capacity development within the corporation.
In terms of director relationships, the records show NIL.
PFC Stock Price Movement
Power Finance Corporation Limited shares slipped by 1.80% today, settling at ₹413.05 in post-market trading. The stock experienced significant investor interest, trading on a volume of 6.07 million shares.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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