PFC Bags SAFA Gold Award for Best Presented Accounts / Annual Report

The Power Finance Corporation Ltd. (PFC)A Maharatna CPSE and the country’s leading NBFC in the power sector has won the prestigious South Asian Federation of Accountants (SAFA) Gold Award in Best Presented Accounts / Annual Report Awards (BPA) in ‘Public Sector Entities’ category for the Financial Year 2021-2022.

PFC was awarded this prestigious award award for its highest level of transparency in accounting practices and for achieving excellence in the presentation and disclosure of high-quality, relevant, reliable and objective financial statements according to the international framework.

Smt. Parminder Chopra, CMD and Addl. Charge Director (Finance), PFC the receipt of the SAFA Gold award from mr. Heshana Kuruppu, Vice President of SAFA

SAFA was established in 1984 to serve the accounting profession in the South Asian region and maintain its standing in the world of accounting. It represents the eleven professional accountancy bodies in Afghanistan, Bangladesh, India, Nepal, Pakistan, Sri Lanka and Maldives. The SAFA BPA award is considered South Asia’s most prestigious financial reporting award. PFC last year the SAFA Gold for the financial year 2020-21, and this is the first time since the inception of these awards in the year 1997 that any Indian company has received a ‘Gold‘ in the category of “Public Sector Entities” for two consecutive years.

It is worth mentioning PFC earlier won the ICAI (Institute of Chartered Accountants of India). Gold award for excellence in financial reporting in the ‘Public Sector Entities’ category for the Financial Year 2021-22.

Smt. Parminder Chopra, CMD and Addl. Charge Director (Finance), Shri Sandeep Kumar, ED (Finance), Shri RK Malhotra, ED (Finance) and Shri. Mohd. Salim, SGM (Finance), received this prestigious award award at a awards distribution ceremony held at Ghaziabad.