PTC India Financial Extends Rajiv Malhotra’s MD & CEO Tenure by One Year

PTC India Financial Services Ltd. has extended Rajiv Malhotra’s tenure as Managing Director and Chief Executive Officer (Additional Charge) for one year, from December 1, 2026, to November 30, 2027, subject to shareholders’ approval.

The board also approved a one-year extension of Manohar Balwani’s tenure as Company Secretary and Compliance Officer, from November 6, 2026, to November 5, 2027.

The company’s board approved the extension at its meeting held on October 12, 2026, following the recommendation of the Nomination and Remuneration Committee.

Malhotra has been serving as MD & CEO (Additional Charge) of the company since July 1, 2026. He has been associated with PTC India Ltd. as Executive Director and Group Chief Risk Officer since June 2013.

A mechanical engineer and management graduate from the National Institute of Technology, Kurukshetra, and the Indian Institute of Management, Lucknow, Malhotra also holds a Chartered Financial Analyst (CFA) qualification. He has more than 36 years of experience in the utility and energy sector, spanning strategy, finance, risk analysis, regulatory affairs and stakeholder management. Earlier in his career, he worked with NTPC and held leadership positions at Athena Energy Ventures Pvt. Ltd. and Energy Infratech Pvt. Ltd.

Balwani joined PTC India Financial Services as Company Secretary Designate on November 6, 2024, and assumed the role of Company Secretary and Compliance Officer on December 1, 2024. He is a Company Secretary and Cost and Works Accountant (CWA) with more than four decades of experience. Before joining the company, he served as Executive Director – Company Secretary at Power Finance Corporation Ltd.

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