PTC India appoints 3 former IAS officers as independent directors

New Delhi: Power trading solutions provider PTC India has appointed three retired officers of the Indian Administrative Service (IAS) as independent directors of the company. The company has also appointed Mahendra Kumar Gupta as a nominee director of NHPC.

PTC India appoints 3 independent directors

In a statement, PTC India informed about the appointments of Rashmi Verma, Jayant Dasgupta, and Narendra Kumar as independent directors of the company with effect from Thursday. The appointments are subject to the approval of the shareholders, it stated.

Rajib K Mishra, Chairman and Managing Director, PTC India said, "We are delighted to welcome the three new independent directors having credible experience and impeccable career record."

Brief profiles of all three former IAS officers

Rashmi Verma, a former IAS officer from the 1982 batch, has 36 years of experience in various sectors, including tourism and textiles. With over 37 years of experience, Dasgupta, a 1981-batch retired IAS officer, has served as chief adviser to Bihar State Planning Board and ambassador to the World Trade Organisation. He also served as secretary of Economic Advisory Council to the Prime Minister.

Narendra Kumar, a retired IAS officer from 1988 batch, has served as Financial Commissioner, Government of NCT of Delhi, and Managing Director of Delhi State Financial and Development Corporation. "Their deep and diversified experience will be of great value to the company. We are not only fully compliant as per SEBI LODR (Listing Obligations and Disclosure Requirement) but also on the sound footing of ESG (Environment, Social, and Governance) vision implementation," Mishra added.

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