“PL Capital Is at an Exciting Inflection Point,” Says Zarin Daruwala as She Takes Charge as Group CEO
- 27th October 2025
- 04:00 PM
- 3 min read
Summary
The appointment of Zarin Daruwala as Group CEO marks a pivotal chapter for PL Capital, as the firm accelerates growth across core businesses, deepens leadership strength, and invests in technology, talent, and innovation to build a future-ready, client-centric financial services platform.Mumbai | October 27
PL Capital (formerly Prabhudas Lilladher Group) has appointed Zarin Daruwala as its Group Chief Executive Officer, effective October 13, 2025, marking a key leadership addition as the firm enters a new phase of growth and transformation.
A veteran banker with over 35 years of experience across corporate and retail banking, Daruwala’s appointment reinforces PL Capital’s commitment to scale, innovation, and strong governance across Broking & Distribution, Institutional Equities, Investment Banking, Corporate Advisory, Private Credit, Wealth Management, and Asset Management.
Strengthening the Leadership Core
Under Amisha Vora, Chairperson and Managing Director, PL Capital has undergone a series of strategic changes — consolidating ownership, professionalising governance, and redefining its brand to reflect a modern, institutionally governed financial platform.
Daruwala’s appointment builds on that momentum, aimed at accelerating growth across high-potential verticals.
Before joining PL Capital, she served as CEO – India and South Asia at Standard Chartered Bank, where she led the lender’s transformation by repositioning its retail business towards wealth management and strengthening its corporate banking franchise.
She previously spent over 25 years at ICICI Bank, rising to President & Head of Wholesale Banking, and serving on the boards of ICICI Lombard and ICICI Securities.
A Chartered Accountant and Company Secretary, she is an All-India Rank Holder in both ICAI and ICSI examinations and has been recognised among India’s Most Powerful Women in Business by Fortune India and Business Today.
A Defining Milestone for PL Capital
Speaking about her new role, Zarin Daruwala said:
“It is a privilege to join PL Capital at such an exciting inflection point. The Group has a strong foundation, deep market knowledge, and a client-first ethos. I am energised by the vision to build a future-ready financial services platform that delivers innovation, value, and impact. I look forward to working with Amisha and the leadership team to shape the next era of growth.”
Amisha Vora, Chairperson and Managing Director of PL Capital, added:
“Zarin’s appointment is a defining milestone for PL Capital. With her deep experience, strategic vision, and leadership acumen, she will play a pivotal role in shaping our next phase of expansion. Together, we are building an organisation that unites heritage with scale, and trust with innovation.”
Looking to Future
Daruwala’s appointment marks a significant step in PL Capital’s long-term strategy to strengthen leadership, invest in talent and technology, and deepen client engagement.
Her arrival underscores PL Capital’s commitment to building a future-ready, client-first, and innovation-driven financial institution, anchored in its core values of Trust, Transparency, and Integrity.
