Board of Directors

 

Shri. Sanjeev Kaushik
Chairman and Managing Director (Additional Charge) and Deputy Managing Director 
 
Mr. Sanjeev Kaushik is an IAS officer of the Kerala cadre on deputation to the Ministry of Finance, New Delhi at the rank of Joint Secretary to Govt of India. He is currently posted as a Whole-Time Director of two term lending national Financial Institutions (NBFCs):- as CEO of Industrial Finance Company (IFCI) and as Deputy Managing Director of India Infrastructure Finance Company (IIFCL). In this capacity, he is also Chairman of the Stockholding Corporation of India, Tourism Finance Corporation, IFCI Venture Capital Company, and Governor of Management Development Institute Gurgaon
 
An MBA in Finance from London Business School, Mr Kaushik has had distinguished experience of 25-years spanning senior policy/regulatory and Board level positions in the Financial sector. Apart from the Ministry of Finance and public financial institutions, he has also spent more than a decade heading capital markets functions of global investment banks on sabbatical from the IAS.
 
Prior to his current assignment, Mr Kaushik was handling Capital Markets in the Department of Economic Affairs (DEA), where he was responsible for Policy matters relating to current account management, foreign institutional investment, external commercial borrowings, foreign exchange management. He worked closely with SEBI and RBI on regulatory committees for FIIs/FPIs, HLCECB, Depository Receipts, International Financial Centre etc.

In the private sector, Mr Kaushik was a Managing Director of HSBC Securities in Mumbai, and a Managing Director of Lehman Brothers in Mumbai. He has also worked as a senior research analyst for Europe at Bank of America Securities in London, and as a Corporate Finance Manager at ING Barings in London which he joined after completing his MBA at LBS.

 

 
Shri Pankaj Jain
Joint Secretary (IF) ,Deptt. of Financial Services,
Ministry of Finance

Shri Pankaj Jain has been appointed by the Central Government as Government Nominee Director of the Board of IIFCL w.e.f 1st January 2016 until further orders.
 
Pankaj Jain is an IAS officer of the 1990 batch, currently the Joint Secretary, Department of Financial Services, Ministry of Finance, Government of India. He is an alumnus of Shri Ram College of Commerce from where he has a Bachelor’s degree in Commerce followed by an MBA from FMS Delhi. He also has a professional qualification in the discipline of accounting as an Associate of the Institute of Cost Accountants of India. He has worked for the Governments of Assam and Meghalaya. This encompasses being District Magistrate at Shillong and Tura along with assignments in the Secretariat and State Corporations dealing with Power, Planning, Information Technology, Livelihood Promotion and Industries as well as being Director with the Government of India in the Ministry of Micro, Small and Medium Enterprises. His work experience also includes a three year stint with the British International Aid Agency - the Department for International Development (DFID) as Governance Adviser and Senior Program Manager. His areas of interest include Intellectual Property Rights where he has collaborated with UNIDO to develop an IPR guide for the Indian Toy Industry. He has also been a consultant to the Commonwealth Secretariat and the Asian Productivity Organisation on adoption of IT by small and medium enterprises in India and Bangladesh.
   
Ms. Sharmila Chavaly
Joint Secretary (Infrastructure & Investment Division) ,Department of Economic Affairs
Government of India

Ms. Sharmila Chavaly has been appointed as Government Nominee Director on the Board of Directors of India Infrastructure Finance Company Limited (IIFCL) w.e.f 22nd October 2012 by Department of Financial Services, Ministry of Finance, Govt. of India.

Ms. Chavaly, is an officer of Indian Railway Accounts Service (IRAS) (1986 Batch) and has been appointed as Joint Secretary, Department of Economic Affairs. Prior to the present assignment she held the post of Executive Director (Railway Board). She also earlier held the position of Director (ADB) with Dept. of Economic Affairs, Ministry of Finance. 

   
Shri. Praveen Mahto
GOVERNMENT NOMINEE DIRECTOR
 
Shri Praveen Mahto is an officer from the 1992 batch of the Indian Economic Service. He has a post graduate degree in Economics. Mr. Mahto is presently holding the position of Adviser (PAMD/PPPAU) in the NITI Aayog.  Prior to this assignment, he held the positions of Director in the erstwhile Planning Commission and the Office of Development Commissioner (Micro, Small and Medium Enterprises).
   
Shri. Rajeev Rishi
Scheduled Commercial Bank Nominee Director
 
Shri Rajeev Rishi joined as Chairman and Managing Director of Central Bank of India with effect from 01.08.2013.  Prior to this assignment, he was Executive Director in Indian Bank which responsibility he was heading since October 2010. 
 
Shri Rishi also served as Director of Indbank Merchant Banking Services Ltd., Indfund Management Ltd and Ind Bank Housing Ltd.
 
Shri Rajeev Rishi started his banking career with Oriental Bank of Commerce as Probationary Officer on 12th May, 1979.  He served for over three decades in Oriental Bank in various positions and geographies.
 
Shri Rishi is associated with various financial institutions in different capacities and currently holding following positions :
 
-      Chairman of Standing Committee on HR  of Indian Banks Association
-      Chairman of Negotiating Committee of IBA for Wage Revision of Bank Employees
-      Member on the Governing Board of I B P S
-      Member on the Governing Board of NIBM
-      Director, Indo Zambia Bank Ltd, Lusaka, Zambia
-      Director, Indian Institute of Banking & Finance
 
Shri Rishi has been a University Rank Holder, national Merit Scholar and is a law graduate from Punjab University, Chandigarh.
 
He is a sport enthusiast and represented his College in Table Tennis and Chandigarh in National Roller Skating meet
   
 
 
   
 Shri. J. Venkateswarlu
Part-Time Non-Official Director

Shri J. Venkateswarlu is a Part-time Non official Director on the Board of (IIFCL)* appointed by Ministry of Finance, Govt. of India. He is a Commerce Graduate from Andhra University (1979) and became an Associate Member of ICAI in 1983 and became a Fellow Member in 1990. He is in the profession of Chartered Accountancy for the last 28 years, dealing in the subjects of Accountancy, Auditing, Banking, Finance, Taxation, Corporate and other Commercial Laws.
He was elected to the Southern India Regional Council (SIRC) of Institute of Chartered Accountants (ICAI) for 3 terms (1998 to 2007) and was its Chairman in 2004-05. He was elected to the Central Council of ICAI for 3 terms (2007-10; 2010-13 & 2013-16). In the last 8 years, in the Central Council of ICAI, he has been associated with various Standing and Non-Standing Committees as Chairman and Member. Currently, he is the Chairman of Committee on Accounting Standards for Local Bodies, Vice-Chairman of Committee on Banking, Insurance & Pension and Member of Disciplinary Committee, ASB, AASB, Corporate Laws & Corporate Governance Committee, Expert Advisory Committee, Professional Development Committee and SMP Committee. He has participated in the meetings of SMP Committee of International Federation of Accountants (IFAC) as Technical Advisor to the Indian Member of the said Committee.
He has been a speaker at the various National and Regional Seminars and Conferences organized by ICAI and its Regional Councils and Branches