Ravinder Singh Dhillon
Chairman & Managing Director, Power Finance Corporation (PFC)
Leading from the front with 3-pronged strategy, involving assessment growth through diversification, reduction in borrowing cost and strengthening of internal systems to improve asset quality, Ravinder Singh Dhillon’s has steered the Power Finance Corporation to attain the status of Maharatna from Navratna earlier. It was due to his efforts leading to liquidity infusion to Discoms during Covid that maintained the power sector value chain, averting the crisis.
He has played a pivotal role in growing PFCs RE loan book, registering a 5-year CAGR of 46%. India’s first RE integrated pumped storage project was spearheaded by him that saw PFC’s RE portfolio crossing 15,000 MW milestone. PFC also raised EUR 300 million in Green Bonds and mobilised Rs 4,429 cr through domestic bonds, under his leadership. During last 6 years, PFC has reported lowest ever net NPA of 1.31%, down from 7.39% in 2019.