Consequently, Sanjay Rustagi ceases to be the CFO of the company with immediate effect.

Lodha is a chartered accountant & company secretary and has over three decades of experience in Private Equity / Venture Capital / Alternative investment Funds / Fund of Funds (PE / VC / AIF / FOF), investment banking, project finance primarily focused for MSME's in India.

He has a track record in managing venture capital funds, successful investments in diverse sectors and profitable exits. Before joining PFS, he was working as a chief executive officer of SIDBI Venture Capital (SVCL).

PFS is a systemically important non-deposit taking NBFC classified as 'Infrastructure Finance Company (IFC)' by RBI. PFS is structured as a 'one-stop shop' for financing of energy value chain and select sectors of infra projects like power, road, port, logistics etc. with focus on renewable energy and sustainable development.

The NBFC's consolidated net profit jumped 45.8% to Rs 36.41 crore in Q4 FY23 from Rs 24.98 crore reported in Q4 FY22. Total income declined 13.68% year on year to Rs 199.70 crore in the quarter ended 31 March 2023.

Shares of PTC India Financial Services declined 1.44% to Rs 19.12 on the BSE.