PTC India Financial Services Limited (PFS) has formally notified the stock exchanges regarding significant changes in its senior management. The Board of Directors, in their meeting held on 17th February 2026, approved the appointment of Smt. Richa Goyal as the new Head of Internal Audit (HIA) and designated her as a Senior Management Personnel (SMP) with immediate effect. This appointment fills the position previously held by Shri Sanjay Rustagi, who had been managing the HIA responsibilities on an interim basis since late 2024. While Shri Rustagi has ceased to be an SMP, he continues his professional tenure within the company’s employment.

The new Head of Internal Audit, Smt. Richa Goyal, is a Chartered Accountant and CAIIB with a professional background spanning approximately 10 years. Before her elevation to this leadership role, she served within the Internal Audit Team at PFS for two and a half years. Her prior experience includes roles at prominent banking institutions such as Yes Bank, Syndicate Bank, and HDFC Bank. This strategic appointment is intended to strengthen the company’s internal governance and audit frameworks as it navigates its current growth phase.

PTC India Financial Services Limited operates as a non-banking financial company (NBFC) with “Infrastructure Finance Company” status, primarily focusing on the energy value chain and sustainable infrastructure. The company provides debt and equity financing to projects in renewable energy, transmission, distribution, and emerging sectors like electric vehicle mobility and water treatment. In recent 2025 updates, the company demonstrated a shift toward de-risking its portfolio by focusing on smaller ticket sizes and granular lending. Significant progress was reported in 2025 regarding the resolution of stressed assets, with Gross Stage 3 assets reducing from ₹769 crore in March 2024 to ₹441 crore by June 2025.

For the last quarterly results announced (Q3 FY26), the company reported a total income of ₹125.04 crore and a net profit of ₹49.09 crore. While the total income remained stable compared to the corresponding period, the net profit reflected a year-on-year growth of approximately 6.2% when compared to ₹46.24 crore in the previous year’s quarter. The company’s shareholding remains dominated by its promoter, PTC India Limited, which holds a 64.99% stake as of December 2025. Historically, the company has attracted major global investors, including Goldman Sachs Strategic Investments Ltd and Macquarie India Holdings Ltd, who initially acquired a combined 22.40% stake in the company’s early years.