PL Capital names ex-Standard Chartered executive Zarin Daruwala as Group CEO

Financial services firm PL Capital, part of the Prabhudas Lilladher Group, said on Monday it has appointed Zarin Daruwala as its Group Chief Executive Officer, effective Oct 13, 2025, as it looks to accelerate growth across its business verticals.

Daruwala, a veteran banker with more than 35 years of experience in corporate and retail banking, governance and strategy, previously served as CEO for India and South Asia at Standard Chartered Bank. During her tenure, she oversaw the lender’s regional transformation, restructured its retail operations to focus on wealth management and strengthened its corporate banking franchise.

At PL Capital, Daruwala will lead the group’s expansion strategy across businesses including broking and distribution, institutional equities, investment banking, corporate advisory, private credit, wealth management and asset management, the company said in a statement.

“Zarin’s appointment comes as a defining moment for PL Capital. With a bold vision for growth and diversification, we are poised to significantly scale our businesses,” said Amisha Vora, Chairperson and Managing Director of PL Capital. “Her arrival marks an important milestone in our mission to build an enduring, institutionally governed organisation that combines heritage and trust with capabilities and scale,” she added.

Daruwala said she was “energised by the vision to build a future-ready financial services platform that delivers innovation, value, and impact.”

The appointment marks a new phase for PL Capital, which plans to deepen its presence across India, strengthen its technology and advisory capabilities, and broaden its client base spanning investors, institutions, and family offices.

Founded more than eight decades ago, PL Capital operates across 200 cities with 900 franchise partners, 1.6 lakh clients, and 250 corporate relationships, offering a range of financial services from broking and wealth management to investment banking and asset management.

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