Board of Directors of IAMCL
Shri. Sanjeev Kaushik : Chairman & Director(IAMCL) and Managing Director (Additional Charge), Deputy Managing Director(IIFCL)

Shri. Sanjeev Kaushik

Chairman & Director(IAMCL) and Managing Director (Additional Charge), Deputy Managing Director(IIFCL)

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.

Dr. Emandi Sankara Rao : Director and Chief Executive Officer

Dr. Emandi Sankara Rao

Director and Chief Executive Officer

The management of IIFCL Asset Management Company Ltd. is headed by Dr. E. S. Rao, Chief Executive Officer. He has more than 25 years of experience with leading institutions in infrastructure industry and banking & finance sectors. He is an alumnus of IIT Bombay (PhD) and IIT Kharagpur (M. Tech) and has also done PGDBA from Pondicherry Central University.

Previously, he has served IDFC Group as Director & Business Head and in IDBI as DGM and has extensive experience in Project & Corporate Finance, Private Equity, Investment Banking, Infrastructure Development etc. in sectors such as Power, Telecom, Gas pipelines, SEZ’s, Ports, Airports, Urban Infrastructure. He has also been instrumental in raising funds for IIFCL from both domestic and foreign sources and developing financial products like Credit Enhancement-cum-Takeout and Acquisition Finance. He has handled various projects costs ranging from Rs. 100 Cr to Rs. 7000 Cr.

He was also a member in the Sub-Group on Infrastructure (under Working Group on Savings Formulation) of the 12th Five Year Plan, member of Sub-Group on Financing Urban Infrastructure in the 12th Five Year Plan, and a member in the Ministry of Finance – DFS Committee on Debt Market Development. Trained in infrastructure financing by World Bank and Euromoney and contributed papers in various National and International Conferences & Workshops.

He is the Chief Executive Officer of IIFCL Asset Management Company Limited.

Shri. Deepak Kumar Chatterjee : Director

Shri. Deepak Kumar Chatterjee


Shri Deepak Kumar Chatterjee joined State Bank of India as Probationary Officer in 1978. He worked in various assignments including areas like credit, consultancy for SSIs, NRI banking, international banking, investment banking, branch head and tenure abroad. His last assignment was MD&CEO of SBI Mutual Fund, the asset management subsidiary of SBI with assets under management of Rs. 73,000 crores. He held the position for three years. He was also Head, North India of SBI CapitalMarkets Ltd., for over 4 years. In between, in SBI, he has headed the FIG group as GM, in international banking and was responsible for fund raising for SBI outside India, through MTN issuances (both under Reg S and 144A). A Science post graduate, he has done his MBA from FMS, Delhi University. As a person of varied interests, he has authored a book on ‘happiness’ which has won him an international award.

Dr. Pawan Singh : Independent Director

Dr. Pawan Singh

Independent Director

Dr. Singh is having over 29 years of experience with leading institutions including Power Grid Corporation of India, Indraprastha Power Generation Co., Indian Railways etc.

He has also held the prestigious position of Director (Finance) in Delhi Transco Ltd. and Delhi Power Co. Ltd. His areas of interest include Financial Planning, Debt Management including Debt restructuring and Debt financing, Equity financing, Budgeting, handling of financial products like FCCB etc.

Dr. Singh is a graduate in Economics, English & History from Punjab University and Post Graduate in Finance & Marketing from Birla Institute of Technology. He holds doctorate in Financial Management (Infrastructure Financing) from Maharaja Sayajirao University.
Dr.Singh is also currently Director and Chief Financial Officier of PTC India Financial Services Ltd.

Sh. Sudhir Arya : Independent Director

Sh. Sudhir Arya

Independent Director

Sh. Sudhir Arya is currently working as Executive Director (Finance) in NTPC Limited (A Maharatna Company). He has over 3 decades of experience in Corporate Finance & other related functions in various units of NTPC Limited . Sh. Arya is a science graduate with honors in physics, a member of the Institute of Cost Accountants of India, and a qualified Chartered Financial Analyst (ICFAI). He post graduated in Finance from Management Development Institute, Gurgaon.