Incorporated on July 16th, 1986, Power Finance Corporation Ltd. is a Schedule-A Maharatna CPSE, and is a leading Non-Banking Financial Corporation in the Country. PFC’s registered office is located at New Delhi and regional offices are located at Mumbai and Chennai.
PFC is under the administrative control of the Ministry of Power. PFC was conferred the title of a ‘Maharatna CPSE’ in Oct.,2021, and was classified as an Infrastructure Finance Company by the RBI on 28th July,2010.
PFC plays a crucial role in the rise of India as a global player. Increasingly, a country’s development is gauged by measuring its energy usage. With a large fraction of our nation still, unfortunately, without any access to electricity, PFC will become an increasingly important factor in the years to come.
Our shareholders and clients place their full faith in our ability to deliver unbeatable results. Despite the hardships played by the power and financial sectors, PFC continues to maintain a healthy loan book, as well as low levels of NPAs. This is thanks to PFC’s robust evaluation and appraisal processes.
Key Strengths
- Largest NBFC by Networth (all reserves)
- A specialized Financial Institution in Power Sector
- A dominant player with around 20% market share
- A lean and professionally-managed organization
- Designated as a “Nodal Agency” for development of Integrated Power Development Scheme(IPDS), Ultra Mega Power Projects (UMPPs) and “Bid Process Coordinator” for Independent Transmission Projects (ITPs)
- ISO 9001:2015 and ISO 45001:2018 certified
- A consistently profit-making and dividend-paying company
- Strong asset quality reflected in low NPAs
- Lowest Administrative cost in the industry
- Consultancy & Advisory services in strategic, financial, regulatory and capacity building skills under one umbrella
Ratings
- Rating for Long Term Borrowings
| Sovereign Rating by International Rating Agencies | |
|---|---|
| Highest Rating by Domestic Rating Agencies | |
| CRISIL | AAA |
| ICRA | AAA |
| CARE | AAA |
Power Finance Corporation Limited’s operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2018. It’s EBITDA has increased by 18.67 % over the previous year. At the same time, it’s book networth has increased by 9.30 %. Other performance and liquidity ratios are available here.
Description: The company provides financial products and related advisory & other services to the power sector.
Products & Services: fund based financial policies/products, including asset acquisition; bridge, corporate, short term, and rupee and foreign currency term loans; short term loan for SPV; buyer’s line of credit; and credit facility for purchase of power
Category: Service provider
The last reported AGM (Annual General Meeting) of Power Finance Corporation Limited, per our records, was held on 21 September, 2022.
Power Finance Corporation Limited has seven directors – Rajiv Ranjan Jha, Prasanna Lakshminarayana Tantri, and others.
The Corporate Identification Number (CIN) of Power Finance Corporation Limited is L65910DL1986GOI024862. The registered office of Power Finance Corporation Limited is at ‘URJANIDHI’, 1,BARAKHAMBA LANE,, CONNAUGHT PLACE,, NEW DELHI, Delhi.