In the ever-evolving landscape of India’s power and financial sectors, Parminder Chopra stands tall as a trailblazer, a strategist, and an inspiring leader. As the Chairman and Managing Director (CMD) of Power Finance Corporation Ltd. (PFC), and now with the additional charge of CMD at REC Ltd. since March 2025, Chopra has cemented her reputation as a transformative force. Her appointment to lead both of these powerhouse institutions—key players in financing India’s energy infrastructure—speaks volumes about her exceptional leadership and unwavering dedication. With over 37 years of experience, Chopra’s journey is a captivating tale of resilience, innovation, and a relentless pursuit of excellence that continues to shape the nation’s energy financing landscape.
Early Life: The Seeds of Ambition
Parminder Chopra was born in Delhi, a city pulsating with energy and opportunity, into a family that prized education and perseverance. Growing up, she was surrounded by the influences of her father, a diligent government servant, and her mother, a passionate educator. Together, they nurtured in her a love for learning and a strong moral compass—qualities that would later define her career. As a young girl, Chopra was drawn to the world of numbers and commerce, often engaging in lively debates about economics at the family dinner table. These early moments hinted at the remarkable path she would carve for herself.
Her academic pursuits reflected her curiosity and determination. Chopra enrolled at Delhi University, one of India’s most esteemed institutions, where she earned a Bachelor’s degree in Commerce with honors. Her thirst for knowledge didn’t stop there—she went on to become a qualified Cost and Management Accountant, a credential that sharpened her financial acumen. To round out her expertise, she pursued a Post Graduate Diploma in Business Management, arming herself with the skills to thrive in the competitive world of finance and leadership.
The First Steps: Building a Foundation in the Power Sector
Chopra’s professional odyssey began in the 1980s when she stepped into the world of hydropower with NHPC Limited. This initial role was more than just a job—it was a gateway to understanding the intricate workings of India’s power sector. At NHPC, she immersed herself in the nuances of energy project financing, gaining hands-on experience that would prove invaluable in the years to come. Her time here was a crucible, forging her into a professional with a rare blend of technical insight and financial savvy.
Eager to broaden her horizons, Chopra later joined Power Grid Corporation of India Limited, a titan in the nation’s transmission infrastructure. Here, she took on greater responsibilities, contributing to projects that strengthened India’s power grid. These early roles were defining moments, laying the groundwork for her ascent as a leader who could bridge the gap between finance and energy—a skill that would soon set her apart.
A Star Rises at PFC: From Executive to Visionary
In 2005, Parminder Chopra’s career took a pivotal turn when she joined Power Finance Corporation Ltd. (PFC), a financial institution at the heart of India’s power sector. Starting as a mid-level executive, she wasted no time making her mark. With her razor-sharp analytical mind and a knack for innovative solutions, Chopra quickly rose through the ranks, taking on roles that showcased her versatility and foresight.
At PFC, she spearheaded critical functions like resource mobilization, tapping into domestic and international markets to secure funding for power projects. Her expertise in banking, treasury operations, and asset-liability management became a cornerstone of PFC’s financial stability. Perhaps most impressively, Chopra tackled the thorny issue of stressed assets, crafting strategies to recover non-performing loans and protect the institution’s bottom line. Her colleagues marveled at her ability to turn challenges into opportunities, a trait that would define her leadership.
Chopra’s ascent wasn’t just about technical brilliance—it was about people. Known for her approachable demeanor and collaborative spirit, she inspired those around her to push boundaries and think big. By 2023, her contributions had earned her the ultimate recognition: she was named PFC’s first full-time woman Chairman and Managing Director.
Shattering the Glass Ceiling: Leading PFC with Purpose
August 2023 marked a historic moment when Parminder Chopra assumed the role of CMD at PFC, breaking barriers as the first woman to hold this position full-time. This wasn’t just a personal triumph—it was a milestone for gender diversity in India’s corporate leadership. Chopra stepped into the role with a clear mission: to propel PFC into a new era of growth and innovation.
Under her stewardship, PFC embraced the global shift toward sustainability. Chopra championed renewable energy financing, steering the institution toward green projects like solar and wind power. She saw these initiatives as more than investments—they were steps toward a cleaner, brighter future for India. At the same time, she drove digital transformation, leveraging technology to streamline operations and enhance service delivery. Her leadership turned PFC into a dynamic, forward-thinking entity, ready to meet the demands of a changing world.
Even amid economic uncertainties, Chopra’s strategic decisions kept PFC on solid ground. Her tenure saw improved financial performance, reinforced corporate governance, and a renewed focus on social impact—proof of her ability to balance profit with purpose.
A Dual Mandate: Taking the Helm at REC Ltd.
In March 2025, Parminder Chopra’s leadership was put to an even greater test when she was entrusted with the additional charge of CMD at REC Ltd. for a three-month period. This move placed her at the helm of two of India’s most vital financial institutions, both instrumental in powering the nation’s infrastructure. REC Ltd., with its focus on rural electrification and power projects, was navigating a leadership transition, and Chopra’s steady guidance was seen as the perfect fit.
Her dual role is a rare feat, reflecting the government’s confidence in her ability to manage complexity and deliver results. Chopra wasted no time in aligning the missions of PFC and REC, seeking synergies that could amplify their impact. Whether it’s funding rural power lines or supporting large-scale energy projects, her leadership ensures that both institutions remain pillars of India’s growth story.
A Leader with Heart and Vision
What makes Parminder Chopra truly exceptional is her philosophy: finance isn’t just about balance sheets—it’s about building a better tomorrow. She sees her role as a custodian of public resources, ensuring that every project she backs brings light and opportunity to communities across India. Her leadership style is a blend of empathy and resolve—she listens as intently as she directs, fostering a culture where ideas flourish.
Chopra’s open-door policy and knack for connecting with people have made her a beloved figure among employees and stakeholders. She believes in empowering her teams, trusting that collective effort drives progress. This human touch, paired with her strategic brilliance, has been the secret to her success.
A Legacy of Impact and Accolades
Parminder Chopra’s career is studded with achievements that speak to her influence. Under her leadership, PFC has earned accolades for financial excellence, governance, and sustainability. Chopra herself has been celebrated with honors like the “Woman Leader in Finance” award, a nod to her trailblazing journey. Her work in renewable energy and rural electrification has left an indelible mark, powering not just industries but the lives of millions.
The Road Ahead: A Bright Future
As she leads both PFC and REC Ltd., Parminder Chopra’s vision is unwavering: to drive India’s power sector toward sustainability and innovation. She’s passionate about expanding green energy financing, modernizing infrastructure, and boosting energy efficiency—goals that align with India’s broader aspirations. With her at the helm, the future of these institutions—and the nation’s energy landscape—looks electrifyingly bright.
Conclusion: A Beacon of Inspiration
Parminder Chopra’s rise from a curious student to a powerhouse leader is a story of grit, brilliance, and heart. Her journey inspires not just women but anyone who dares to dream big and work hard. As she continues to light the way for India’s power and financial sectors, Chopra’s legacy is one of empowerment, progress, and an unyielding commitment to a better future.