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Leadership Updates: V. Packirisamy Recommended as Director (Commercial) of Power Finance Corporation by PESB

Experienced PFC Executive to succeed Mr. Manoj Sharma; appointment awaits Cabinet approval, reinforcing leadership in India’s power financing sector
Indian Masterminds Stories

New Delhi: The Public Enterprise Selection Board (PESB) has recommended Mr. V. Packirisamy for the post of Director (Commercial) at Power Finance Corporation Limited (PFC), a Maharatna CPSE under the Government of India. The recommendation is now pending approval from the Appointment Committee of the Cabinet (ACC).

Current Post Held by Mr. Manoj Sharma

The position of Director (Commercial) is presently held by Mr. Manoj Sharma, a Chartered Accountant and Law graduate, who has been serving since August 2022. His tenure is expected to conclude in 2026, paving the way for the new appointment.

Read also: Clarification Issued on REC–PFC Merger Status; Merged Entity to Remain Government Company

Selection Process and Panel of Applicants

Around 10 applicants from various government organizations were interviewed for the prestigious role. The candidates included:

  1. Mr. Rajeev Kumar Chaturvedi – Executive Director, PFC
  2. Mr. Ali Shah – Executive Director (Entity Appraisal-II, Learning & Development, Rajbhasha), PFC
  3. Mr. Hemant Kumar Das – Executive Director (Projects), PFC
  4. Mr. Pawan Kumar – Executive Director & Chief Compliance Officer, PFC
  5. Mr. Saurabh Rastogi – Executive Director & CEO, REC Power Development & Consultancy Ltd
  6. Ms. Jasneet Guram – Executive Director, PFC
  7. Mr. Surendra Kumar Sharma – Executive Director (Finance), Indian Renewable Energy Development Agency Ltd
  8. Ms. Ragini Advani – Director (Finance), Ircon International Ltd
  9. Mr. Pravin Dongre – Executive Director (SDNZ&HSE), Indian Oil Corporation Ltd
  10. Mr. V. Packirisamy – Executive Director (Entity Appraisal & IT), PFC

After a rigorous interview and evaluation process, Mr. V. Packirisamy emerged as the recommended candidate for the role, bringing extensive experience in entity appraisal, IT systems, and financial management at PFC.

About Power Finance Corporation (PFC)

Power Finance Corporation Limited (PFC) is a Maharatna CPSE and a leading financial institution in India, focused on financing, promoting, and developing the power sector. As a government-owned enterprise, PFC plays a critical role in strengthening India’s energy infrastructure, supporting sustainable projects, and enabling economic growth across the country.

Read also: PFC Board Approves Withdrawal of Nominee Director, Relinquishes Promoter Rights in PTC India


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