PTC India Financial Services Limited (PFS), a subsidiary of PTC India Limited, has announced the appointment of Shri Avijit Kishore as Senior Management Personnel, effective September 9, 2025. The appointment was approved by the company's Board of Directors following recommendations from the Nomination and Remuneration Committee.

Extensive Experience in BFSI Sector

Avijit Kishore brings a wealth of experience to his new role at PFS, with over 19 years in the Banking, Financial Services, and Insurance (BFSI) sector. His expertise spans multiple asset classes, including:

• Microfinance
• SME lending (LAP, machinery loans, business loans)
• Supply chain finance
• Agri lending
• NBFC lending
• Pool buyouts
• Securitization

Previous Leadership Roles

Prior to joining PTC India Financial Services, Kishore held several senior leadership positions:

• At Mahindra Finance, he spearheaded NBFC Lending, SME Lending, Co-lending/Partnerships, and Marketplaces.
• He worked at Jana Small Finance Bank, where he contributed to designing and scaling lending strategies for underserved and high-growth segments.
• His experience also includes roles at Axis Bank and Bharat Financial Inclusion Limited.

Educational Background

Kishore's educational qualifications include:

• Post Graduate Diploma in Forestry Management with specializations in Microfinance, Rural Marketing & Livelihoods from Indian Institute of Forest Management, Bhopal
• Bachelor's degree in Economics Honours from Patna University

Appointment Details

The appointment of Avijit Kishore as Senior Management Personnel was formalized during a Board of Directors meeting held on September 9, 2025. The meeting commenced at 9:30 A.M. and concluded at 11:40 A.M. This strategic addition to the PFS leadership team is expected to bring valuable insights and expertise to the company's operations in the financial services sector.

PTC India Financial Services Limited continues to strengthen its management team to drive growth and innovation in the financial services industry.

PTC India Financial Services Limited (PFS) has announced a significant change in its top leadership. The company has appointed R Balaji as its new Managing Director and Chief Executive Officer, with the position set to be effective from July 12, 2024.

A Seasoned Professional at the Helm

R Balaji brings a wealth of experience to his new role at PFS, with over 27 years in building businesses and brands across various sectors. His diverse background spans multiple industries, including financial services, consumer goods, and cutting-edge technology.

Impressive Track Record

Prior to joining PFS, Balaji co-founded and served as the CEO of TuTr Hyperloop, a deep-tech start-up incubated at the prestigious IIT Madras Research Park. He continues to maintain a connection with the innovative venture as a Non-Executive Director.

Extensive Experience in Financial Services

A significant portion of Balaji's career - over 17 years - was spent with the Mahindra Group, where he held several leadership positions. His roles included:

• Heading Mergers & Acquisitions (M&A) and FinTech investments at Mahindra Finance
• Building the SME lending business, growing it to an impressive Assets Under Management (AUM) of approximately Rs 5000.00 crores

Strategic Expertise

Balaji's strategic acumen was honed during his tenure at Mahindra & Mahindra Limited, where he was a founding member of the Group Strategy Office. This experience is likely to be valuable in his new role at PFS, as the company navigates the complex financial services landscape.

Diverse Industry Background

Adding to his versatile profile, Balaji also brings experience from the consumer goods sector. He spent nearly nine years working with renowned companies ITC Agrotech and Nestle, further broadening his understanding of various business models and consumer behaviors.

Regulatory Compliance

In its announcement, PTC India Financial Services Limited confirmed that R Balaji is not debarred from holding the position of director by any regulatory authority. This assurance underscores the company's commitment to regulatory compliance and corporate governance.

The appointment of R Balaji as MD and CEO marks a new chapter for PTC India Financial Services Limited. With his extensive experience across multiple sectors and proven track record in financial services, stakeholders will be keenly watching how Balaji's leadership shapes the company's future strategies and growth trajectory.