The Management

Shri Vasantharao Satya Venkatarao - Non-Executive Chairman

Shri Vasantharao Satya Venkatarao has over 26 years of professional experience with nearly 19 years in IFCI Limited as a part of the senior management. Prior to this, he was with The Housing and Urban Development Corporation Limited (HUDCO). He is graduate in Commerce and have done M.L. (International Law) and P.G. Diploma in Industrial Relations & Personnel Management. He has secured Gold Medal in M.L. (International Law) from Andhra University and stood first in B.L for Nyaya Vidya Parishad Law College affiliated to Andhra University. Given Shri V S Venkatarao’s vast and diverse experience, IIDL would benefit under his guidance. 


Shri Prasoon-Nominee Director

Shri Prasoon, aged 43 years, is a BE (Electrical), PGDM in Energy Management, CAIIB and has passed Insolvency and Bankruptcy Board of India (IBBI) - Limited Insolvency Examination. He is Chief General Manager of IFCI Limited. He possesses 20 years rich experience in the field of Credit Appraisal, Sanctioning of Loans, Credit Administration, Contracting, Project Monitoring, etc. He was head of Mumbai Regional office of IFCI Ltd. from 24/03/2014 to 14/04/2016. He has served as Chief Credit Officer (CCO) and presently, he is heading the Stressed Asset Management vertical of IFCI Limited at its Registered Office / Corporate Office. He is also on the Board of Shiga Energy Private Limited, Shree Maheshwar Hydel Power Corporation Limited and IFCI Infrastructure Development Limited as Nominee Director of IFCI Limited..

Shri Shivendra Tomar- Managing Director 

Shri Shivendra Tomar is a General Manager of IFCI Limited.Looking to his dynamic approach, decision making capability he has been given responsibility as Managing Director of IIDL with effect from June 02, 2017.He has vast experience in financial sector having exposure of working as Chief Credit Officer of IFCI and in various departments of IFCI comprising Resources, Corporate Advisory, Recovery and NPA Resolution, Credit, Subsidiaries & associates. Besides, he has rich experience to shoulder responsibilities of Head various Subsidiaries/Associates of IFCI viz. Tourism Finance Corporation of India Ltd (TFCI), IFCI Venture Capital Funds Ltd (IVCF), and IFCI Infrastructure Development Ltd. (IIDL). The assignments, as MD of these entities, cover all spheres of management i.e Business Development, Administration, HR, Legal, Credit (sanction, disbursement and recoveries), resource raising and various regulatory and statutory compliances.  During his tenure in IFCI, he has been Directors on the Board of various entities. Presently, he is Director on the Board of  Gujarat State Energy Generation Ltd.(GSEGL) and Canbank Venture Capital Fund Ltd. (CVCFL) as a Nominee of IFCI Ltd.


Shri. D K Singla - Director

He is a Chartered Accountant by profession. He is in practice since January 1989 and has vast experience of handling Accounts, Audits, Investigations, Income Tax/Wealth Tax/Sale Tax/Service Tax and other related matters of a large number of Govt. Undertakings, Banks, MNCs and Corporate/Non-Corporate Clients. He has successfully completed various Certificate Courses conducted by The Institute of Chartered Accountants of India, New Delhi viz: Certificate Course on Forensic Accounting & Fraud Detection, Certificate Course on Concurrent Audits of Banks, etc. Twice, he has been a Non-Executive Director of Punjab National Bank and additionally, Member/Chairman of its various Committees. He has been a Non-Executive Director of Chandigarh Industrial & Tourism Development Corporation Ltd. (a UT Govt. Undertaking). He has been a Non-Executive Director of PNB Gilts Ltd. (a subsidiary of Punjab National Bank).He has been a Member of smaller Committee of BOD of MARKFED (a Punjab Govt. Undertaking). He has been a Member of Audit Committee of the Institute of Auto Parts Technology/Research and Development Centre for Bicycle & Sewing Machine (UNDP/UNIDO assisted Punjab Govt. Projects). He has been a Member of various Committees of The Institute of Chartered Accountants of India, viz: Committee on Ethical Standards, Committee on Public Finance & Govt. Accounting, Ethical Standards Board, Continuing Professional Education Committee, Committee on Banking Insurance & Pension, Professional Development Committee, etc.