PTC India Financial Services Limited disclosed that its board has approved the appointment of Rajiv Malhotra as an Additional Director in the category of Nominee Director, representing PTC India Limited, the holding company. The appointment is effective from 8 April 2026 and follows a recommendation from the Nomination and Remuneration Committee. The move reinforces ongoing governance alignment between the parent group and its financial services arm.
Rajiv Malhotra, aged about 59, is a mechanical engineer with a Post Graduate Program in Management and a CFA charter. An alumnus of NIT Kurukshetra and Indian Institute of Management Lucknow, he brings over 35 years of experience in the utility and energy sectors. Since June 2013, he has served as Executive Director and Group Chief Risk Officer at PTC India Limited, with a wide-ranging background spanning strategy and finance, customer relations, building cyber resilience, people policy matters, tariff and risk analysis, and regulatory matters.
As a Nominee Director, Malhotra will sit on the board alongside other directors as part of PTC India Financial Services’ governance framework. The company notes that he and Manoj Kumar Jhawar are both nominees of PTC India Limited, highlighting the structured relationship between the holding company and its subsidiary. His appointment signals an intent to strengthen cross-group oversight and risk governance at the board level.
The company has stated that Malhotra is not debarred from holding the office of director by any SEBI order or other authority, and the communication confirms the formal appointment details as part of regulatory disclosure procedures. The information is also available on the company’s website for shareholders and readers who track leadership changes at the parent and its financial arm.