Shri Rahul Bhave – Non Executive Chairman

Shri Rahul Bhave is a senior banker with over 25 years of commercial banking experience in various capacities and has worked across the country. He was working as Executive Director in National Housing Bank since 2020. He has worked to promote a strong housing and housing finance system in the country through refinancing to strengthen the credit delivery network at the grassroots level by effective supervision of HFCS.

He has experience of heading various zones in a commercial bank. Apart from expertise in retail operations, he also has experience in the areas of refinancing, supervision, recovery, risk management and IT.

Mr. Bhave holds an MBA in Public Management and Policy and a Masters in Statistics from IIM, Ahmedabad. He is also a CAIIB graduate.

Shri Rahul Bhave is a Managing Director & CEO at IFCI Ltd. He is also Non-Executive Chairman of Stock Holding Corporation of India Ltd and IFCI Venture Capital Funds Ltd.  He is a member of the General Body of Indian Institute of Entrepreneurship Development and Management Development Institute. In addition, he is also the Chairman of the Board of Trustees of IFCI Social Foundation.

 Shri Manikumar Sivaramakrishnan – Nominee Director

Shri Manikumar Sivaramakrishnan, is Deputy Managing Director at IFCI Ltd. Shri Sivaramakrishnan is a Fellow Member of the Institute of Cost Accountants of India (FCMA). He also holds an MBA (Finance), MS (Banking), Advanced PG Diploma in Computer Applications and is a Certified Associate of the Indian Institute of Banking and Finance.

He has more than 3 decades experience in the Banking and Financial Services space, especially in the areas of strategic planning, financial management, rural innovations, microfinance and financial inclusion, rural infrastructure financing, integrated risk management, HR transformation, banking technologies and structuring of new financial products.   

Beginning his official career with Indian Overseas Bank in the early 90's, Shri Manikumar joined NABARD in 1992 and rose to the level of Chief General Manager, working across various geographies and roles. During this time, he also served as Chief Operating Officer (COO) in NABVENTURES Ltd., the VC subsidiary of NABARD and as a Faculty Member at the Bankers Institute of Rural Development (BIRD), Lucknow. At the time of demitting office from NABARD, he was heading the Bank's Strategic Planning and Product Innovations Dept. at its Head Office in Mumbai.     

He had also served as Director on the Board of many institutions, viz., NCDEX, SIDBI, NABSAMRUDDHI Finance Ltd. (NBFC-subsidiary of NABARD), NABVENTURES Ltd., OPL Finance Ltd. and Sahakar Sarathi Pvt. Ltd. Besides IFCI Ltd., Shri Manikumar is on the Board of IFCI Venture Capital Funds Limited and Stock Holding Corporation of India Limited.

Shri Sachikanta Mishra – Nominee Director

Shri. Sachikanta Mishra is a postgraduate in Mathematical Economics and is currently working as Executive Director in IFCI Ltd. Mr. Mishra has over 20 years of experience in various fields like Macro-modelling, Corporate Advisory, Risk Management, Project financing, corporate finance etc.

Shri Sachikanta Mishra is a Non-Executive Director on the Board of Stock Holding Corporation of India Ltd and Chairman of IFCI Factors Ltd. 

Shri Venugopal K Nair - 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 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, NTPC Limited 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 Rajeev Kumar- Director

Shri Rajeev Kumar is an experienced banker with 30+ years of experience in corporate finance, banking and investment banking. He retired as Executive Director of IDBI Bank. During his tenure with IDBI Bank, Mr. Kumar led several strategic initiatives of the bank, held senior committee positions and was a nominee director with multiple companies.

Post Retirement, he has been advising corporates for fund raising and resolution of stressed assets. Mr. Kumar is B. Tech from HBTI Kanpur and MBA Finance from Kanpur University.

Ms. Smita Srivastava - Director

Ms. Smita Srivastava is BA (Hons) from Delhi University and Associate of Insurance Institute of India Mumbai. In addition, she is  trained in Corporate Governance from NAICOM Nigeria and IIM, Bangalore.

She has served as Executive Director in New India Assurance Company  and also Managing Director & CEO of Health Insurance TPA Of India Ltd. She has also been associated with Oriental Insurance .Company in various capacities as Direct Recruit Officer  and  has been on the Board of Prestige Assurance PLC, Lagos, Nigeria and Stock Holding Corporation of India Ltd. She has also served as Member on the various Board Committees of New India Assurance Company  and Insurance Institute of India Mumbai.

She  has vast experience in Corporate Governance, Strategic Leadership, Risk Management, Financial Oversight, Regulatory Compliances, Board Effectiveness, Corporate Social Responsibility initiatives, Leadership, Ethics and Stakeholder Management.