Board of Directors

Dr. Emandi Sankara Rao - Non - Executive Chairman

Dr. Emandi Sankara Rao is currently serving as MD&CEO of IFCI Ltd, a Government of India Undertaking. IFCI is the oldest Financial Institution and the first Development Finance Institution of the country set up in 1948 and has been contributing towards Indian economic growth through development of infrastructure and industry. Dr. Rao is also the Chairman of IFCI group companies & institutes namely Stock Holding Corporation of India Ltd, IFCI Venture Capital Funds Ltd, IFCI Factors Ltd, Management Development Institute & Institute of Leadership Development. He is an alumni of IIT Bombay (PhD), IIT Kharagpur (M. Tech), Pondicherry Central University (PGDBA) and Andhra University (B.E. Electrical Engineering).

Prior to IFCI Ltd, Dr.Rao has served for over 30 years with leading Financial Institutions – IIFCL and IDFC. He has extensive experience in Project & Corporate Finance, Private Equity, Investment Banking, Infrastructure Development and Long Term Resource Raising (Domestic & Foreign Capital). He was the Founder Director & CEO of IIFCL Asset Management Company Ltd and also the Founder Director & CEO of IIFCL Projects Limited and also was associated with the IDFC Group as Director & Business Head.

Dr.Rao has been a member in the Sub-Group on Infrastructure Finance (under RBI and erstwhile Planning Commission 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 and contributed to several research & policy papers in various National and International Conferences & Workshops.

Besides being a Banking & Finance Specialist, Dr.Rao is also an Academician, Skill Developer & Start-up Enabler, Social Reformer and a Farmer!

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.

Shri Prasoon - Nominee Director

Shri Prasoon is BE (Electrical), PGDM in Energy Management, CAIIB and he has passed Limited Insolvency Examination - Insolvency and Bankruptcy Board of India (IBBI) immediately after setting up of National Company Law Tribunal (NCLT). He possesses 20 years rich experience in the field of Credit Appraisal, Sanctioning of Loans, Credit Administration, Contracting, Project Monitoring etc. At present, he is Chief General Manager of IFCI Limited and heading a vertical comprising of Corporate Planning, Sugar Development Fund, Modified Special Incentive Package, MIS and Debt & Equity Syndication. Prior to this, he was Chief Credit Officer and headed stressed asset management vertical of IFCI Limited. He also headed Mumbai Regional Office of IFCI Limited. Presently, he is on the Board of MPCON Limited and IFCI Infrastructure Development Limited as Nominee Director of IFCI Limited.

Dr. Sumita Rai is a Ph.D in Organizational Behavior from Indian Institute of Technology (IIT) Kanpur, India before joining MDI¸ Prof. Sumita Rai was a member of faculty of Human Resource Group at Indian Institute of Management (IIM), Indore and Indian Institute of Management (IIM), Lucknow. She taught at BEM/Kedge Management School, France University of Szeged Hungary. Currently she is Professor and Chairperson of Post-Graduate Program in Human Resource Management at MDI. She has consulted extensively with various Public¸ Private¸ and MNCs in India such as Power Grid Corporation of India Ltd, Petronet-LNG, Nestle India Ltd to name a few. She regularly conducts trainings and Leadership Development Programs for PSUs on Advance Management. IAS & defense officers¸ PSB officers, PSE Mid to Senior Leaders and MNCs with a focus on competency mapping and profiling; understanding self, Managerial Effectiveness, Negotiation skills and Conflict Management, Team building, cross cultural training and exploring personality. She is a certified trainer of MBTI from CPP Asia Pacific. Dr. Rai has published more than 40 research papers in various national and international journals. She has co-authored a book titled “Millennials and the workplace: Challenges for Architecting the Organization of Tomorrow” which has been published by Sage International in May 2012. She has also been actively involved in joint research at national and international levels. Prof Rai also works in the area of Ethical Leadership.

Dr. Sumita Rai - Additional Director

Dr. Sumita Rai is a Professor and Chairperson of Post-Graduate Program in Human Resource Management at MDI. She is Ph.D in   Organizational Behaviour from Indian Institute of Technology (IIT) Kanpur, India.

 Prior to MDI¸ Dr. Sumita Rai was a member of faculty of Human Resource Group at Indian Institute of Management (IIM), Indore and   Indian   Institute of Management (IIM), Lucknow. She has also taught at BEM/Kedge Management School, France University of Szeged   Hungary.

 She regularly conducts trainings and Leadership Development Programs for PSUs on Advance Management, IAS & defence officers¸ PSB   officers, PSE Mid to Senior Leaders and MNCs with a focus on competency mapping and profiling; understanding self, Managerial Effectiveness, Negotiation skills and Conflict Management, Team building, cross cultural training and exploring personality. She has consulted extensively with various Public¸ Private¸ and MNCs in India such as IOCL, Power Grid Corporation of India Ltd, Petronet-LNG, Nestle India Ltd to name a few.

Dr. Rai has published more than 40 research papers in various national and international journals.  She has co-authored a book titled “Millennials and the workplace: Challenges for Architecting the Organization of Tomorrow” which has been published by Sage International in May 2012. She has also been actively involved in joint research at national and international levels. She is also working in the area of Ethical Leadership.

Dr. Rajeev Uberoi

Dr. Rajeev Uberoi is a career Banker with more than 35 years of experience in both public sector, private sector, and foreign banks. He was also with Reserve Bank of India in the area of Supervision and Regulations. Presently, he is a General Counsel and Audit Head of IDFC Bank Limited. Prior to this, he was Chief Executive Officer of IDFC Financial Holding Company. A lawyer and a Banker he has been instrumental in number of mergers and acquisition, ANZ-Grindlays and Standard Chartered Bank, Standard Chartered Bank and American Express Bank, IDFC demerger into Bank and other subsidiaries to name a few. He has been responsible for rolling over half a dozen private equity funds with gross AUM of more than USD 6 billion and incorporating entities overseas and merging some. He is on the boards of number of subsidiaries of IDFC and has handled their Governance & Compliance. He is on the Board of Governors of Management Development Institute (MDI), Gurgaon and is profound writer and has published articles in Journals and National Newspapers.

Dr. Uberoi is a Canadian Commonwealth Scholar withMasters in Economics from McMaster University, Canada, PGBDA from MDI Gurgaon and a Ph.D in Economics.

Shri Venugopal K Nair is Director General of Police – Retired with vast experience in the field of Policing and Administration that included Law & order, Security, Vigilance. He also has exposure to Industry having worked as Managing Director of the Kerala State Civil Supplies Corporation and the the State Shipping and Inland Navigation Corporation. His stint in Delhi as Director Vigilance in  Steel Authority provided him with deep insight into Corporate Governance  and Corporate Compliances with  a better understanding of corporate malfeasance. At present, he is serving as an Independent External Monitor (IEM)  with National Aluminium Corporation ( NALCO), Bhubaneswar, and ITI Bangalore (GOI). He was earlier IEM with Rashtriya Ispat Nigam Ltd (RINL), Vizag  and also Director of Malabar Cements & Kerala Minerals & Metals Ltd. (Govt of Kerala). Prior to this, he served Reliance Industries Limited as Advisor Corporate Affairs and Advisor and Consultant to L&T on Kochi Metro Project (KMRL). He had served Kerala Police Administration at various levels from 1980 to 2012. He is MSc. (Fibre Science & Technology) and has a  Post Graduate Diploma (Textile Technology) from the University of Leeds, UK.

Shri Venugopal K Nair - Additional Director

Shri Venugopal K Nair is Director General of Police – Retired with vast experience in the field of Policing and Administration that included Law & order, Security, Vigilance. He also has exposure to Industry having worked as Managing Director of the Kerala State Civil Supplies Corporation and the the State Shipping and Inland Navigation Corporation. His stint in Delhi as Director Vigilance in  Steel Authority provided him with deep insight into Corporate Governance  and Corporate Compliances with  a better understanding of corporate malfeasance. At present, he is serving as an Independent External Monitor (IEM)  with National Aluminium Corporation ( NALCO), Bhubaneswar, and ITI Bangalore (GOI). He was earlier IEM with Rashtriya Ispat Nigam Ltd (RINL), Vizag  and also Director of Malabar Cements & Kerala Minerals & Metals Ltd. (Govt of Kerala). Prior to this, he served Reliance Industries Limited as Advisor Corporate Affairs and Advisor and Consultant to L&T on Kochi Metro Project (KMRL). He had served Kerala Police Administration at various levels from 1980 to 2012. He is MSc. (Fibre Science & Technology) and has a  Post Graduate Diploma (Textile Technology) from the University of Leeds, UK.

Shri Shivendra Tomar - Managing Director

Shri Shivendra Tomar is a General Manager of IFCI Limited. He has vast experience in financial sector having exposure of working as Chief Credit Officer of IFCI and headed/ worked 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 Institutions/Companies 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. Apart from his responsibility as Managing Director of IIDL, he is acting as Executive Director of Institute of Leadership Development and heading Credit Enhancement Guarantee Scheme for Scheduled Castes (CEGSSC), Venture Capital Funds for Scheduled Castes (VCFSC).  He is also acting as nominee of IFCI Limited in the Management Committee of Emerging India Growth Fund – CVCF V (MC-EIGF) of Canbank Venture Capital Fund Ltd. (CVCFL).

© IFCI INFRASTRUCTURE DEVELOPMENT LTD. (IIDL)