New Delhi: The Government of India has appointed Sandeep Kumar as Director (Finance) at Power Finance Corporation Limited (PFC), effective July 11, 2024. Prior to this, Kumar served as Executive Director (Finance) at PFC since January 1, 2020, and he also holds the position of Chief Financial Officer (CFO) at the corporation.
With a career spanning over 34 years in the power and financial sectors, Kumar brings a wealth of experience and 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. During his tenure at PFC, he has consistently demonstrated his financial acumen and has significantly contributed to the company's success and profitability.
Kumar is recognised for his leadership abilities, particularly in managing cross-functional teams and fostering innovation to enhance both customer and employee experiences. His diverse experience includes fund mobilization, cash management, asset-liability management, lending operations, stressed asset management, policy formulation, tax planning, financial accounting, and management control systems.
Kumar has played a crucial role in managing PFC’s non-capex loan portfolio and executing government schemes such as the Liquidity Infusion Scheme (LIS) and the Liquidity Provisioning Scheme (LPS). Additionally, Kumar has been a driving force behind advancing PFC’s Environmental, Social, and Governance (ESG) initiatives. His leadership was instrumental in the successful implementation of the Rs 1.12 trillion Liquidity Infusion Scheme for the power distribution sector, a significant initiative under the Government of India's Atmanirbhar Bharat program.
Sandeep Kumar's appointment as Director (Finance) is expected to further bolster PFC's financial strategies and contribute to its continued growth and stability.
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