PTC India appoints Deepak Amitabh as CMD

Replaces T N Thakur, who would leave on October 11

PTC India today said its Director, Finance and CFO Deepak Amitabh would take over as Chairman and Managing Director of the company from October 11.

The present CMD of PTC India, T N Thakur, would vacate office on October 11.

Amitabh will take charge as the CMD of PTC India as well as PFS, a non-banking finance company promoted by PTC India Ltd and classified as Infrastructure Finance Company by the Reserve Bank of India.

The Board of Directors of PTC Financial Services (PFS) in its meeting held on September 25, 2012, has decided that Deepak Amitabh will act as Chairman and Managing Director of the company from the same date or date of his joining whichever is later, the company said in a statement.

PFS offers integrated suite of financial services with a focus on infrastructure development, which includes debt (short term and long term) financing and making equity investments in private sector Indian companies in the entire energy value chain.

PFS also provides fee-based syndication and other services as well as carbon credit financing against Certified Emissions Reduction (CER).