V. Packirisamy Assumes Charge as Director (Commercial) at PFC Limited

V. Packirisamy has taken over as Director (Commercial) at Power Finance Corporation (PFC) Limited, one of India's leading infrastructure finance companies with a mandate to fund the power sector. His tenure in the new role will run until his date of superannuation on March 31, 2028, or until further orders from the competent authority, whichever comes earlier. Prior to this elevation, Packirisamy was serving as Executive Director at PFC, a senior functional role that gave him deep exposure to the corporation's commercial and financing operations. His transition to the Director (Commercial) position represents a significant step up, placing him on PFC's board as a functional director responsible for the company's commercial strategy and business development. PFC Limited plays a central role in India's power sector financing architecture, providing long-term loans to state electricity boards, generation companies, and transmission utilities. The Director (Commercial) is a key board-level position overseeing lending operations, client relationships, and commercial agreements — all critical to PFC's core mandate. Packirisamy's appointment comes at a time when India's power sector is undergoing rapid transformation, driven by ambitious renewable energy targets, grid modernisation, and the continued expansion of transmission infrastructure. His experience within PFC is expected to provide strategic and operational continuity in the commercial function. The formal assumption of charge marks the beginning of what is set to be a nearly two-year tenure at the helm of PFC's commercial operations.