Rajiv Malhotra appointed MD&CEO of PTC India Financial Services

1 min read Updated on 07 Jul 2026, 03:22 PM

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Ashish TScanX News Team

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PTC India Financial Services Limited appointed Rajiv Malhotra as Managing Director and Chief Executive Officer (Additional Charge) after securing 99.97% shareholder approval via postal ballot. Malhotra assumed office on July 1, 2026, succeeding R Balaji. The resolution received 45,04,34,766 votes in favour and 1,10,524 against.

*this image is generated using AI for illustrative purposes only.

PTC India Financial Services Limited has announced the appointment of Rajiv Malhotra as Managing Director and Chief Executive Officer (Additional Charge) following approval through a postal ballot. The resolution received 99.97% of the valid votes polled, with 45,04,34,766 shares in favour and 1,10,524 against. Malhotra assumed charge on July 1, 2026, succeeding R Balaji who resigned from the position effective June 30, 2026.

The postal ballot process, conducted under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, saw remote e-voting commence on June 7, 2026, and conclude on July 6, 2026. A total of 469 shareholders participated, representing 45,05,45,290 valid votes. The scrutinizer's report confirmed the resolution was passed with the requisite majority on July 6, 2026.

Voting Breakdown

Category	Votes in Favour	Votes Against	% of Votes Polled
Promoters	41,74,50,001	0	100.00%
Public-Institutions	3,19,64,262	0	100.00%
Public-Non Institutions	10,20,503	1,10,524	90.23%
Total	45,04,34,766	1,10,524	99.98%

The company confirmed that necessary regulatory disclosures regarding the change in directorship have been completed. Malhotra was re-designated from the position of Nominee Director of PTC India Limited to the new role. The official communication regarding this leadership change is available on the company's website.

Historical Stock Returns for PTC India Financial Services

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.21%	-0.77%	+1.34%	-4.99%	-25.55%	+55.54%

What strategic shifts can investors expect under Rajiv Malhotra's leadership compared to his predecessor?

How will the company address the concerns of the non-institutional shareholders who voted against the appointment?

Is this additional charge role a temporary measure, and when does the board plan to appoint a permanent MD and CEO?

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PTC India Financial Services extends CRO Devesh Singh tenure for 2 years

1 min read Updated on 23 Jun 2026, 04:15 AM

Reviewed by

Anirudha BScanX News Team

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PTC India Financial Services has extended the tenure of Shri Devesh Singh as Chief Risk Officer for a further period of two years effective June 26, 2026. Singh, who has over 22 years of experience, continues to serve as Key Managerial Personnel and Senior Managerial Personnel.

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PTC India Financial Services has extended the tenure of Shri Devesh Singh as Chief Risk Officer for a further period of two years effective June 26, 2026. The decision was taken by the Board of Directors, ensuring continuity in the company's risk management leadership. Singh will continue to serve as Key Managerial Personnel and Senior Managerial Personnel of the company.

Shri Devesh Singh was initially appointed as Chief Risk Officer in 2019 for a two-year term. He was subsequently re-appointed for a five-year term commencing June 26, 2021. The latest extension reflects the company's continued confidence in his capabilities to oversee risk functions.

Singh is a seasoned financial services professional with over 22 years of experience across corporate banking, treasury, and risk management. He brings 17 years of service within the PTC Group, having joined PTC India Ltd. in June 2007. He has been instrumental in institutionalizing risk practices, including the implementation of internal rating models and the development of risk policies.

Profile of Shri Devesh Singh

Particulars	Details
Current Role	Chief Risk Officer, Key Managerial Personnel & Senior Managerial Personnel
Experience	Over 22 years in corporate banking, treasury, and risk management
PTC Group Tenure	17 years (Joined PTC India Ltd. in June 2007)
Previous Roles	Corporate banking at IDBI Bank, risk analytics at GE Capital, credit & marketing at Standard Chartered Bank
Education	MBA (Finance) from ICFAI Business School (2003), Diploma in Business Finance, ICFAI (2002), Bachelor's Degree (Commerce), Delhi University (2000)