PTC India Financial Services Limited announced that the Board of Directors, based on the recommendation of Nomination & Remuneration Committee and based on the approval from RBI on June 26, 2024, in its meeting held on June 26, 2023 has approved the appointment of Sh. R Balaji, as CEO of the Company subject to regulatory compliances and the same shall take effect from the date of his joining. Sh.

R Balaji has over 27 years of experience in building businesses and brands. Recently, he was the Co-founder and CEO of TuTr Hyperloop, a deep-tech start-up incubated out of IIT Madras Research Park. Currently he is a Non-Executive Director at TuTr Hyperloop and a member of the Advisory Board of NIIT Foundation (a CSR entity).

He was with the Mahindra Group for over 17 years in various leadership roles, and was also on the Board of a few companies. His last role at Mahindra Finance (India's leading rural NBFC) was to head the M&A function and lead investments in FinTech's. Prior to this, he set up and built the SME lending business as the SBU Head (AUM of ~ Rs 5000 crores and a high teen RoE) and also concurrently headed the strategy and marketing functions for all the financial services business of the Mahindra Group. He also spearheaded entry into the AMC business and was instrumental in forging Joint Ventures with Manulife and a NBFI in Sri Lanka.

Earlier he spent over three years at Mahindra & Mahindra Limited wherein he was one of the founding members of the Group Strategy Office. He began his career in the consumer goods industry and spent close to 9 years in various roles in sales and marketing across ITC Agrotech and Nestle.