Parminder Chopra has been appointed as the additional Chairman and Managing Director (CMD) of REC Limited for a period of three months. She currently serves as the CMD of Power Finance Corporation Ltd. (PFC), where she has played a pivotal role in shaping India’s financial and power sectors.

In August 2023, Chopra made history as the first woman to lead India’s largest Non-Banking Financial Company (NBFC), PFC. Since taking charge as Director (Finance) in 2020 and later assuming the additional role of CMD in June 2023, she has driven the company to new heights, achieving its highest-ever net profit and lowest non-performing asset (NPA) levels. She was also instrumental in securing a ₹1.12 trillion Liquidity Infusion Scheme (LIS) under the Atmanirbhar Bharat initiative, aimed at supporting the power distribution sector. Under her leadership, PFC has emerged as India’s largest renewable energy financier, with a strong focus on clean energy investments.

With over 35 years of experience, Chopra has made significant contributions to leading power and financial institutions, including NHPC Limited and Power Grid Corporation of India Limited. She brings expertise in resource mobilization, treasury management, asset-liability management, and stressed asset resolution. A commerce graduate from Delhi University, she is also a qualified Cost and Management Accountant and holds a Post Graduate Diploma in Business Management. Additionally, she has undergone advanced executive training in Risk Management and Global Management at Harvard University and the European School of Management.

Her appointment at REC is expected to bring transformative changes, with a strong emphasis on financial growth, innovation, and sustainable energy financing, further strengthening India’s power sector.