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PTC India Financial Services has announced the resignation of Geeta Girdher, a senior management personal, from her role as Chief Compliance Officer (CCO). Girdher cited personal reasons for her resignation, which has been accepted by the board. As a result, she was relieved from her responsibilities at the closing hours of 27 November 2023.
PTC India Financial Services, a company promoted by PTC India (PTC), operates as a systemically important non-deposit taking NBFC classified as an "Infrastructure Finance Company (IFC)" by the RBI. PFS focuses on providing financial solutions to companies with projects in the power sector and related areas across the entire energy value chain. Its business model emphasizes infrastructure development and support for the power sector, making it a 'one-stop shop' for financing power projects over their life cycle. PFS specializes in risk analysis and mitigation for power projects, offering fund based/ non-fund based financial assistance, structured debt instruments, and various financing options for different project requirements. The company's commitment lies in partnering with credible stakeholders and providing complete financial services for all links in the energy value chain.
On a consolidated basis, net profit of PTC India Financial Services rose 13.50% to Rs 59.77 crore on 2.85% decline in net sales to Rs 190.25 crore in Q2 September 2023 over Q2 September 2022.
Shares of PTC India Financial Services fell 2.07% to Rs 33.04 on 24 November 2023. The domestic stock market was shut on Monday (27 November 2023) on account of Gurunanak Jayanti.
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