R. Balaji To Step Down As CEO & MD Of PTC India Financial Services

R. Balaji has resigned from the position of Chief Executive Officer and Managing Director (CEO & MD) of PTC India Financial Services Limited due to personal reasons, w.e.f. June 30, 2026.

Balaji was Co-Founder and Chief Executive Officer (CEO) of TuTr Hyperloop, a deep-tech venture incubated at IIT Madras Research Park. He is currently a Member of the Advisory Board of NIIT Foundation. He spent over 17 years with the Mahindra Group, holding roles in strategy, marketing, and investments. At Mahindra Finance, he led mergers and acquisitions (M&A) and investments in fintech firms, and earlier set up the SME lending business. He has nearly three decades of experience in business building and brand development across sectors. Balaji also worked at Mahindra & Mahindra in the group strategy office. He began his career with ITC Agrotech and Nestle.

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