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Board Of Directors

bikashk kanti roy
Dr. Emandi Sankara Rao

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 namely Stock Holding Corporation of India Ltd, IFCI Venture Capital Funds Ltd, IFCI Factors Ltd and 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!

manish jain
Mr. Arvind Kumar Jain

Mr. Arvind Kumar Jain has a rich experience of over 39 years in the Banking and Financial Sectors. He had served as Executive Director of Punjab & Sindh Bank from December 2015 to January 2017. While serving as Executive Director of the Punjab & Sindh Bank he was looking after all banking activities, Banks profitability, Capital Raising, Review of Business Processes, Risk Management, Treasury Management, Foreign Exchange, IT and Credit. Before joining Punjab & Sindh Bank he had worked with Oriental Bank of Commerce from May 1977 to December 2015 and held various positions upto Chief General Manager. As a CGM of OBC he headed the large Corporate Credit Department at Corporate Office & as General Manager headed the various verticals at Corporate offices such as Intergrated Treasury and International division, Mid Corporate Credit and C.M.D. Sectt., Merchant Banking Division, Investors Relation’s etc.

He holds a BSC(Hons), MSC degree in the field of statistics from Meerut University, a Law degree from Meerut University and CAIIB from Indian Institute of Banker.

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Mr. P. R. Jaishankar

Mr. P. R. Jaishankar is presently serving as Chief General Manager in IIFCL and Director IIFCL Projects Ltd. He has been looking after Infrastructure Project Finance, Take-out Finance, Credit Enhancement, development of Innovative products and Corporate Planning. He comes with a rich experience of over 28 years in the Development Banking and Financial Sectors with specialized exposure in Infrastructure, Mortgage and Capital markets domains with Top Management and Board Level roles. He is leading the initiative of setting up of a dedicated Credit Enhancement Company for the infrastructure sector, on behalf of IIFCL, pursuant to an announcement in the Union Budget 2016-17.He has taken over the charge of Chairman (Board of trustee) of IAMCL from August 2017.

Before joining IIFCL, he had worked with National Housing Bank (NHB) from the year 1989 to 2011 and had held various senior level positions including Zonal Manager (South India Zone) with independent charge of 3 Regional Offices in Andhra Pradesh, Tamil Nadu and Karnataka (also covering Kerala State), stationed at Hyderabad. He is well known for having conceptualized and structured the first ever Mortgage Securitization Transaction in India in the year 2000, followed by a number of other innovative instruments/products in the Indian Capital Market such as Takeout Finance, Credit Enhancements, Affordable Housing Finance, Reverse Mortgages (enabled Annuities) , etc. He has also a member of the Advisory Board to guide policy and implementation of PPP projects in the Ports Sector, constituted by the Ministry of Shipping, Government of India.

He held the position of MD & CEO of IIFCL Projects Ltd. (2013-2014), and led a swift turnaround of the Company in its initial years with a robust year-to-year topline growth, a positive PAT and EPS (increased 3 times).

He holds a Bachelors' Degree in Civil Engineering from Osmania University, a Masters in Technology from the Indian Institute of Technology, Delhi and an MBA (Finance) from the Faculty of Management Studies (FMS), Delhi University.

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Ms. Madhushree Nanda Agrawal

Ms. Madhushree Nanda Agarwal is an electrical engineer from VNIT, Nagpur, and an alumnus of XLRI, Jamshedpur, where she specialized in Business Management. She has completed the Fellow Programme from IIM Calcutta with a major in Organizational Behaviour and minor in Strategic Management. Her dissertation was in the area of Entrepreneurship and Management of New Ventures. She has five years of industry experience in the Indian IT industry, and twelve years of teaching experience in areas of her academic interest, which include Organizational Design, Cross-Cultural Management, Creativity and Innovation, Entrepreneurship, and Management of Non-Profit Organizations.

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Mr. Sachikanta Mishra
(Nominee Director)

Mr. Sachikanta Mishra is a post graduate in Mathematical Economics and is currently working as Chief General Manager 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. He is currently holding a post of Chief Credit Officer of IFCI Ltd. Before holding charge as Chief Credit Officer he was in charge of Mumbai and Delhi Regional Office of IFCI Ltd.

manish jain
Mr. Bikash Kanti Roy
(Managing Director)

Mr. Bikash Kanti Roy is a Mechanical Engineer from Jadavpur Universuty and holds Associate Membership of the Chartered Institute of Management Accountants (CIMA), UK. He is presently working as General Manager at IFCI Limited, headed Kolkata Zonal Office and having vast experience in Project Financing / Corporate Financing, Standard Assets Monitoring, Developing Business Opportunities and Deal Structuring, Corporate Advisory Services, NPA Resolution, Restructuring through JLF under CAP as per RBI guidelines, including restructuring through SDR and S4A processes, etc. He served as Managing Director of IFCI Factors Ltd. from March 24, 2014 until August 10, 2015 and as Nominee Director from June 07, 2017 until December 14, 2017. His past assignments include association with Zacks Research Pvt. Ltd., Industrial Investment Bank of India Ltd. and Steel Authority of India Limited (SAIL).