Sh. Palash Srivastava
Chairman & Additional Director
Sh. Palash Srivastava is a distinguished leader in infrastructure financing, with nearly three decades of expertise in public-private partnerships (PPPs), structured finance, and capacity building. Throughout his career, he has been instrumental in project appraisal, long-term financing, and structuring investments for large-scale infrastructure projects spanning roads, ports, airports, railways, urban transport, water supply, and solid waste management. His expertise extends across emerging sectors such as aerospace, space, agriculture warehousing, industrial parks, special economic zones (SEZs), IT infrastructure, real estate, healthcare, and tourism. At IIFCL, he is instrumental in driving long-term project financing, facilitating private sector participation through structured lending, and ensuring the successful execution of critical infrastructure projects.
He has played a crucial role in shaping national infrastructure policies, contributing to the National PPP Capacity Building Programme, the Working Group for Financing Urbanization-The 12th Plan, the Rakesh Mohan Committee for Transportation, and the Kelkar Committee on Revisiting and Revitalizing the PPP Model of Infrastructure Development.
He played a key role in formulating an Environmental Rating Standard for infrastructure projects to facilitate Green Financing which was launched at COP 21. He has also pioneered Structured financial solutions and managed syndication for large-scale infrastructure developments.
Prior to joining IIFCL, he held key leadership positions at organizations including IIFCL Projects Ltd (IPL), IDFC Group, CRISIL, Feedback Ventures, IL&FS, and Aditya Birla Group. Beyond his corporate roles, he has also served on the boards of multiple infrastructure development companies.
Sh. Sumer Singh
Director, IAMCL (General Manager, IIFCL)
Mr. Sumer Singh carries over 23 years of banking & debt capital market experience across reputed private/public sector financing institutions, including Punjab National Bank, ICICI Bank, IDBI Bank, IIFCL Mutual Fund and India Infrastructure Finance Company Ltd. (IIFCL). The Leadership Development Program organized by FSIB-IBA has been completed by him, which is designed to develop future leaders for Public Sector Banks/Financial Institutions.
He has comprehensive knowledge and skills in leading & directing large teams, dealing with key stakeholder including RBI, SEBI, Controller & Auditor General of India, policy formation & execution, credit deal structuring, infrastructure project financing & recovery from stressed assets, debt capital market (NCD) investing & portfolio management, credit and interest rate risk management, treasury & accounts management, internal audit including of foreign bank branch, foreign trade finance and business development.
Currently, he is working with IIFCL as General Manager, where he spearheaded several initiatives, including the build-up of the Infra Project NCD investment portfolio from scratch to about USD 1000 Million (about INR 9000 crore) across highways, power generation, power transmission, airport, municipal debt, Infrastructure Investment Trusts (InvIts) etc. He has developed vast experience while working with denture trustees, legal counsels, stock exchanges and other reputed investment bankers like JP Morgan, Morgan Stanley, ICICI Bank, HSBC Bank etc.
He holds a postgraduate degree in management and is a certified associate of the Indian Institute of Bankers (CAIIB). He also holds an IBBI-Limited Insolvency Professional certification and was an AMFI Certified Mutual Fund Advisor in the past. He has been part of panel discussions at different forums, including IIM-K.
Sanjeev Chanana
Independent Director
Sanjeev Kumar Chanana is a well known name in the area of Investment Management and a veteran in the Indian insurance sector. Having held a variety of leadership positions across both life and non-life segments, for more than four decades, he is presently on the Board of Directors of The New India Assurance Company Limited, Mumbai, and is also a Trustee of the National Pension Scheme Trust(NPS) under the PFRDA.
He joined Life Insurance Corporation of India (LIC) in 1977 and superannuated in 2013 from The Oriental Insurance Company Limited (OIC) as an Executive Director. As a CIO, and a well-regarded technology change maker, he is credited with the digitalization of OIC’s core solution – making it the first public sector Non-Life Insurance Company to implement the fully integrated framework in 2007 – for which he was felicitated with the CIOL Award, as the best CIO in the Insurance sector -2009.
With more than 20 years’ experience in corporate management, and handling investment assets of LIC, OIC and thereafter as Advisor in The Agriculture Insurance Company of India Limited, New Delhi (AICIL), Mr. Chanana has also been a Nominee Director on the Boards of Modi Rubber Limited and Punjab Tractors Limited (later taken over by Mahindra & Mahindra Limited).
Mr. Chanana is a Post graduate in Economics from The Delhi School of Economics, Delhi University, and also holds a Degree in Law from Delhi University. He is also a Member of The Institute of Company Secretaries of India.
Sh. H.K. Parikh
Independent Director
Mr. Parikh is M. Com. in Business Administration and CAIIB. He retired as General Manager from Punjab National Bank. He worked in the bank for more than 39 years and has vast experience of the field and Administrative Offices. He worked in HR Division, Corporate office of the Bank as Chief Manager for about four years. He had also handled large corporate credit at Corporate Office of the Bank as DGM and GM for more than six years.
He was also nominated as Independent Trustee by the Punjab National Bank and had served as Independent Trustee on the Board of Trustees of IIFCL Mutual Fund (IDF) for around six years i.e till 31.12.2017.
Presently he is engaged by Asian Development Bank as Consultant (Finance cum Renewable Energy Expert) for financing of Roof Top Solar Power Projects through PNB, who has been sanctioned a line of credit by ADB.
Sh. Sudhir Arya
Independent Director
Sudhir Arya is a fellow member of The Institute of Cost Accountants of India, Institute of Chartered Financial Analysts of India and has a management degree with major in Finance from Mangement Development Institute, Gurugram.
He worked with NTPC Ltd, India’s premier power utility from 1981 to 2019. He was working as the Chief Financial Officer of the Company when he left it to join as Director (Finance) of Uttar Pradesh Power Corporation Ltd. He brings with him a rich and diverse experience of more than 40 years in various facets of Finance, dealing with domestic and overseas investors and lenders, project finance, contracting for projects, fuel, power sales & purchase, financial reporting and audit etc.
He has in the past served as a director on the Boards of many joint ventures and subsidiaries of NTPC Ltd and various subsidiaries and associate companies of UPPCL.