Sandeep Kumar appointed as Director (Finance) of PFC

Government Appoints Sandeep Kumar as Director (Finance) at Power Finance Corporation Limited

New Delhi: The Government of India has appointed Sandeep Kumar as Director (Finance) at Power Finance Corporation Limited (PFC), effective July 11, 2024. This significant appointment follows his tenure as Executive Director (Finance) at PFC, a role he has held since January 1, 2020. Kumar also continues to serve as the Chief Financial Officer (CFO) of the corporation.

With over 34 years of distinguished experience in the power and financial sectors, Kumar brings a wealth of expertise to his new role. He holds a Bachelor's degree in Commerce (Honours) and is a Fellow Member of the Institute of Chartered Accountants of India. His career is marked by a consistent demonstration of financial acumen, contributing substantially to PFC's success and profitability.

Kumar is renowned for his exemplary leadership skills, particularly in managing cross-functional teams and fostering innovation to enhance customer and employee experiences. His extensive experience encompasses various aspects of finance, including fund mobilization, cash management, asset-liability management, lending operations, stressed asset management, policy formulation, tax planning, financial accounting, and management control systems.

Throughout his career at PFC, Kumar has played a pivotal role in managing the corporation’s non-capex loan portfolio and executing critical government schemes such as the Liquidity Infusion Scheme (LIS) and the Liquidity Provisioning Scheme (LPS). His efforts have been instrumental in advancing PFC’s Environmental, Social, and Governance (ESG) initiatives. Notably, Kumar led the successful implementation of the Rs 1.12 trillion Liquidity Infusion Scheme for the power distribution sector, a major initiative under the Government of India's Atmanirbhar Bharat program.

Sandeep Kumar’s appointment as Director (Finance) is expected to further strengthen PFC’s financial strategies and contribute significantly to the corporation’s ongoing growth and stability. His extensive background and proven track record make him well-suited to drive PFC's financial operations and strategic initiatives forward.