PL Capital appoints ex-Standard Chartered executive Zarin Daruwala as Group CEO
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Financial services firm PL Capital (Prabhudas Lilladher Group) has announced the appointment of Zarin Daruwala as Group Chief Executive Officer (CEO), effective October 13, 2025.
A stalwart in the banking and financial services industry, Zarin Daruwala brings over 35 years of experience spanning corporate and retail banking, governance, and strategic leadership, PL Capital said in a release.
Before joining PL Capital, she served as CEO – India and South Asia at Standard Chartered Bank, where she successfully led the bank’s transformation and sustained growth across the region.
Under her leadership, she repositioned the bank’s retail banking business to make it more wealth management-focused and reshaped its corporate banking operations to become a partner in innovation and growth, aligning with India’s rising affluence, the release highlighted.
In her new role, Daruwala will play a pivotal part in driving PL Capital’s transformative growth strategy, which aims to expand the Group’s reach, deepen capabilities, and scale its businesses across Broking & Distribution, Institutional Equities, Investment Banking, Corporate Advisory Services, Private Credit, Wealth Management, and Asset Management.
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Amisha Vora, Owner, Chairperson & Managing Director of PL Capital, described Daruwala’s appointment as a defining moment for the organisation. “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.”
“Zarin’s arrival marks an important milestone in our mission to build an enduring, institutionally governed organisation — one that combines heritage and trust with capabilities and scale. We are confident she will lead the Group to greater heights,” Vora said.
Sharing her vision, Daruwala, Group CEO of PL Capital, 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,” she added.
As per the company, Daruwala’s appointment marks the beginning of a new chapter for PL Capital as it accelerates its expansion across key verticals, invests in technology and talent, and continues to strengthen its position as a trusted partner to investors, entrepreneurs, institutions, and family offices across India and beyond.