According to the latest shareholding data, Nihar Nilekani holds about 39 lakh shares in the company, which is majority owned by public shareholders.
While promoters have a stake of about 16.22%, public shareholders have the rest 83.78%. Among the public owners, foreign portfolio investors including Goldman, Vanguard, Fidelity among others hold a big chunk of 32% in the company.
PTC India is a provider of power trading solutions in India. Its segments include power and financing business.
The power segment includes trading and generation of power. The Financing segment includes investing in equity or extending debt to power projects in generation, transmission, distribution, fuel resources and fuel related infrastructure.
It offers business solutions for generators, utilities, cross border power trade solutions, PTC retail, consultancy solutions, energy efficiency, renewable energy and project financing. PTC offers a range of services to the utilities, including long and medium-term sales, short-term sales and power banking arrangements.The company offers PTC retail solutions to public sector undertakings (PSUs) and Central PSUs, Industrial Clients, Commercial Clients, and independent power producers.
Shares of PTC India recorded a muted performance so far this year falling 1% year-to-date, but have risen nearly 40% in the last one year period.
