PNB Gilts Celebrates 30 Years Of Excellence In India's Debt Market

Photo Caption: From left to right: Smt. Anju Mittal (nominee director), Shri Pareed Sunil MD & CEO PNB Gilts Ltd; Shri B.P. Mahapatra Chairman & Nominee Director; Shri Ashok Chandra MD&CEO PNB; Independent Directors – Shri TM Bhasin; Shri GS Gusain, Shri RK Verma & Dr. Rekha Jain.

PNB Gilts Limited, a standalone primary dealer and subsidiary of Punjab National Bank, celebrated its 30th Foundation Day, commemorating three decades of steadfast contribution to the development of India's debt market and the Government securities ecosystem. Established in 1996, PNB Gilts has played a pivotal role in strengthening India's fixed income market through its expertise in Government securities, treasury solutions, market making, underwriting, and debt capital market (DCM) services.

The milestone celebration was graced by Shri Ashok Chandra (MD&CEO, PNB), Shri Pareed Sunil (MD&CEO, PNB Gilts), along with the Board of Directors, senior management, employees, and distinguished guests.

PNB Gilts's growth journey reflects its strong financial fundamentals and market leadership. The Company has grown its net worth to approximately ₹1,700 crore, achieved a Top 10 ranking in Debt Capital Market (DCM) business, and recently completed 25 years of successful listing on the stock exchanges. The Company has also delivered a ~13% CAGR in long-term Net Owned Funds (FY97–FY26), underscoring its sustained financial strength and disciplined growth.

Speaking on the occasion, Shri Ashok Chandra, MD&CEO, PNB said: "PNB Gilts' 30-year journey is a testament to its unwavering commitment to excellence, resilience, and customer-centricity. As one of India's premier Primary Dealers, the Company has played an important role in supporting the development of the Government securities market and strengthening the country's financial ecosystem. PNB Gilts has consistently embraced innovation, robust governance, and prudent risk management to create long-term value for stakeholder."

Over the years, PNB Gilts has built a diversified business franchise by continuously investing in technology, digitising its processes, strengthening risk management practices, and promoting sustainability initiatives

About PNB Gilts Limited

PNB Gilts Limited, promoted by Punjab National Bank, is a leading listed Standalone Primary Dealer in Government Securities. Since its establishment in 1996, the company has played a key role in the Government securities market through market making and underwriting activities, while offering a wide range of fixed-income products and services to institutional, corporate, and retail clients.