PTC India Financial Services Appoints Sanjeev Kumar as Whole Time Director (Operations)

1 min read     Updated on 06 Aug 2025, 08:58 PM
scanxBy ScanX News Team
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Overview

PTC India Financial Services Limited (PFS) has appointed Sanjeev Kumar as Whole Time Director designated as Director (Operations) for a 5-year term, effective June 10, 2025. Kumar brings over 30 years of experience in banking and finance, having worked with institutions like SBI, ICICI Bank, and IIFCL. His expertise spans retail, corporate, construction, and infrastructure finance. Kumar previously served as CEO of IIFCL Projects Limited and has held key positions in various financial institutions. The appointment was approved by shareholders at the company's 19th Annual General Meeting on August 6, 2025.

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

PTC India Financial Services Limited (PFS) has announced the appointment of Sanjeev Kumar as Whole Time Director designated as Director (Operations) for a period of 5 years or until his superannuation, whichever is earlier. The appointment, effective from June 10, 2025, was approved by shareholders at the company's 19th Annual General Meeting held on August 6, 2025.

Extensive Experience in Banking and Finance

Sanjeev Kumar brings over 30 years of experience in banking and finance to his new role at PFS. His expertise spans across various sectors, including retail, corporate, construction, and infrastructure finance. Prior to joining PFS, Kumar served as the Chief Executive Officer of IIFCL Projects Limited, a wholly-owned subsidiary of India Infrastructure Finance Company Limited (IIFCL).

Professional Background

Throughout his career, Kumar has held key positions in several prominent financial institutions:

  • Worked with leading organizations such as State Bank of India (SBI), ICICI Bank, and IIFCL
  • Served as General Manager (Finance) at the National Highways Authority of India (NHAI) for more than 5 years
  • Played crucial roles in various policy initiatives of the Government of India, particularly in eliminating financial stress in road projects and reviving lagging projects

Qualifications and Expertise

Sanjeev Kumar's educational background and professional certifications include:

  • Cost and Management Accountant (CMA) from the Institute of Cost Accountants of India
  • Certified Associate of the Indian Institute of Banking and Finance (CAIIB)
  • Extensive experience in financial management of large and medium-sized infrastructure projects, particularly in the road and power sectors

Role at PTC India Financial Services

As Whole Time Director (Operations), Kumar is expected to contribute significantly to PFS's operations and strategic initiatives. His appointment comes at a time when the company is likely looking to strengthen its position in the infrastructure financing sector.

Shareholder Approval and Compliance

The appointment of Sanjeev Kumar was made in compliance with regulatory requirements:

  • Initially appointed as an Additional Director by the Board of Directors on June 10, 2025
  • Shareholders approved his appointment as Whole-time Director (Operations) at the 19th AGM
  • The company has duly informed the stock exchanges as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

PTC India Financial Services Limited, a subsidiary of PTC India Limited, continues to focus on strengthening its leadership team to drive growth and efficiency in its operations. The appointment of Sanjeev Kumar, with his rich experience in infrastructure finance and policy matters, is expected to bring valuable insights and expertise to the company's management.

Historical Stock Returns for PTC India Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.76%-5.65%-6.25%+5.28%-29.17%+105.23%
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PTC India Financial Services Reports Significant Progress in Resolving Stressed Assets in Q1

1 min read     Updated on 05 Aug 2025, 12:30 PM
scanxBy ScanX News Team
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Overview

PTC India Financial Services (PFS) resolved 38% of Gross Stage 3 assets in Q1, improving financial performance. PAT increased to ₹137.00 crores from ₹58.00 crores. Gross Stage 3 assets improved from 15.00% to 10.22%, while Net Stage 3 assets reduced from 6.56% to 4.13%. Total income declined to ₹142.00 crores due to reduced AUM. PFS resolved three major stressed asset cases: NSL, Vento, and IL&FS. Q1 disbursements were ₹138.00 crores, with an annual target of ₹4,000.00 crores. The company strengthened its management team and aims to improve origination efforts with a focus on smaller ticket size loans.

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

PTC India Financial Services (PFS) has reported substantial progress in resolving stressed assets and improving its financial performance during the first quarter. The company successfully resolved 38% of its Gross Stage 3 assets, marking a significant milestone in its efforts to strengthen its balance sheet.

Key Financial Highlights

  • Profit After Tax (PAT): Increased to ₹137.00 crores from ₹58.00 crores in the previous quarter
  • Gross Stage 3 Assets: Improved from 15.00% to 10.22%
  • Net Stage 3 Assets: Reduced from 6.56% to 4.13%
  • Total Income: Declined to ₹142.00 crores from ₹155.00 crores in the previous quarter due to reduced Assets Under Management (AUM)

Resolution of Stressed Assets

PFS made significant strides in resolving three major cases:

  1. NSL: Recovered ₹125.00 crores through NCLT verdict
  2. Vento: Recovered ₹115.00 crores through a change of management process
  3. IL&FS: Upgraded to 'Standard' category after meeting performance obligations and obtaining investment-grade ratings

Disbursements and Business Strategy

  • Q1 disbursements: ₹138.00 crores, entirely to private sector entities
  • Annual disbursement target: ₹4,000.00 crores
  • Q2 target: ₹1,000.00-1,200.00 crores to make up for Q1 shortfall
  • Focus on smaller ticket sizes (average ₹35.00 crores) for better diversification

Management Strengthening

PFS has bolstered its leadership team with key appointments:

  • Mr. Sanjeev Kumar: Director of Operations
  • Mr. Avijit Kishore: Business Head of SME
  • Mr. Sidhartha Dutta: Chief Information Officer (CIO)

Future Outlook

R. Balaji, MD and CEO of PFS, stated, "We are confident that we'll be able to achieve our full-year disbursement target of ₹4,000.00 crores. While the first quarter was below expectations, we plan to make up for the shortfall by September."

The company is focusing on improving its origination efforts, with a pipeline of proposals worth over ₹1,000.00 crores at various stages of evaluation. PFS aims to differentiate itself through faster turnaround times, targeting a 30-day period from inquiry to disbursement for smaller ticket size loans.

Financial Position

Dilip Srivastava, Director-Finance and CFO, highlighted that PFS has sufficient liquidity of around ₹1,500.00 crores. The company is actively engaging with existing and potential lenders to improve its borrowing terms and reduce the cost of funds, which currently stands at 9.67%.

As PFS continues its transformation journey, it remains committed to strengthening its portfolio with a balanced approach, prioritizing sustainable growth, operational efficiencies, and customer-centric solutions. The company's focus on resolving legacy issues and enhancing its business capabilities positions it well for future growth in the infrastructure financing sector.

Historical Stock Returns for PTC India Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.76%-5.65%-6.25%+5.28%-29.17%+105.23%
PTC India Financial Services
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