Delhi: The Government of India has appointed V. Packirisamy as the new Director (Commercial) of Power Finance Corporation (PFC), strengthening the leadership team of the country’s premier infrastructure financing institution.
The appointment comes at a time when India is rapidly expanding investments in power generation, transmission networks, renewable energy, and infrastructure development.
Over 30 Years of Experience in Power and Infrastructure Finance
V. Packirisamy brings more than three decades of experience in the power sector and infrastructure financing domain.
He previously served as Executive Director – Entity Appraisal & Information Technology at PFC, where he played a key role in:
- Evaluating large-scale infrastructure projects
- Strengthening project appraisal systems
- Enhancing technology-driven credit assessment frameworks
He began his career in 1989 and joined PFC in 1997, contributing significantly to the institution’s long-term growth.
Read also: PFC Transfers Two SPVs to Power Grid and Resonia for Over ₹36 Crore in Transmission Project Deals
Strong Academic and Technical Background
Packirisamy holds:
- Bachelor’s degree in Mechanical Engineering
- M.Tech in Management and Systems from IIT Delhi
His academic and professional background has helped him build expertise in risk management, appraisal systems, and infrastructure lending frameworks.
Key Contributions to PFC’s Growth and Systems Modernisation
During his tenure at PFC, he has been instrumental in several important initiatives, including:
- Development of classification frameworks for state utilities
- Creation of Integrated Rating Framework for power distribution companies
- Formulation of appraisal policies for private sector projects
- Implementation of online loan application systems
- Appraisal frameworks for renewable energy projects
These initiatives have helped modernise PFC’s lending processes and improve efficiency in project evaluation.
Strategic Role in India’s Expanding Energy Sector
The appointment is seen as strategically important as India continues to expand its energy infrastructure and renewable energy capacity.
As Director (Commercial), Packirisamy will oversee key functions including:
- Commercial lending operations
- Infrastructure project financing
- Risk and credit assessment frameworks
- Expansion into renewable and transmission projects
Experts believe his experience will help PFC strengthen its role as a leading financer of India’s evolving energy ecosystem.
Focus on Power Sector Growth and Financial Stability
Industry observers say his deep expertise in project appraisal and infrastructure financing will support PFC in identifying high-value opportunities while maintaining strong risk controls.
His leadership is expected to align with India’s broader goals of energy security, clean energy transition, and infrastructure expansion.
About Power Finance Corporation (PFC)
Power Finance Corporation (PFC) is a leading Maharatna public sector financial institution in India that provides financial support to the country’s power sector. It plays a key role in funding generation, transmission, distribution, and renewable energy projects, contributing significantly to India’s infrastructure development and energy growth.
Read also: PFC Transfers NERGS III Siang Basin Transmission Ltd to DRA Infracon in ₹19.70 Crore Deal
