Board of Directors

IIFCL Projects Limited is fortunate to have a group of exceptionally talented and experienced group of people as it's Board of Directors


Shri Padmanabhan Raja Jaishankar

Managing Director

India Infrastructure Finance Company Limited

With his rich experience of over 35 years in Development Banking and Financial domains, Mr. P. R. Jaishankar is presently serving as the Managing Director of IIFCL and is the Chairman of IIFCL’s wholly-owned subsidiary companies, viz., IIFC(UK) Ltd, IIFCL Projects Ltd (IPL) and IIFCL Asset Management Company Ltd (IAMCL). Before his current position, Mr. Jaishankar has held various key positions such as Executive Director of National Housing Bank, and has served as Director on the Board of various institutions.
Mr. Jaishankar's visionary approach continues to redefine India's infrastructure financing landscape through policy advocacy measures. He is member of several national level committees such as the CII Infrastructure Council and is on the Managing Committee of the Indian Banking Association (IBA). He has led the introduction of new and innovative financing products such as Credit Enhancement and Takeout Finance, and is known to have structured India’s first ever Mortgage Securitization transaction.
Mr. Jaishankar holds a Master's degree in Technology from IIT, Delhi and is an MBA (Finance) from FMS, Delhi University


Shri Pawan K. Kumar

Director, IPL

(Deputy Managing Director - IIFCL)

Sh. Pawan K. Kumar is an IRS Officer of 1990 Batch and passed M.Com from Shri Ram College of Commerce. He holds an M.Phil in the area of Accounting and Finance from Department of Commerce, Delhi School of Economics. He is a Fellow Member of Institute of Cost & Works Accountants of India. He joined theIncome-Tax Department as Assistant Commissioner of Income-Tax in Delhi.

He worked as a Director from 2002-08 on deputation to the Ministry of Corporate Affairs. He was closely involved in the setting up of Serious Frauds Investigation Office, execution of MCA-21 program and also on setting up of National Foundation for Corporate Governance. In the period 2009-12, He joined as Director (Tax Policy) in the Department of Revenue, Ministry of Finance. He was also a member of an international expert group constituted by UNCITRAL for working on Indicators of International Commercial Frauds.

He also worked as Commissioner of Income Tax in Punjab, Himachal Pradesh and Rajasthan dealing with corporate and non-corporate appellate matters. He had been appointed as a member of the Committee constituted by the CBDT for drafting Tax Accounting Standards. He has also been a member of Committee on Income Computation & Disclosure Standards-MAT issues.

Previously, he was working as an Executive Director in IBBI and looking after the work relating to registration, monitoring and inspection of service providers in the IBC ecosystem consisting of insolvency professionals, registered valuers, insolvency professional agencies, registered valuer organizations and information utility.


Shri Palash Srivastava

Director & CEO, IPL

A total of 26 years of experience in infrastructure transaction advisory/ investment (debt, equity, and funds), public private partnerships in infrastructure, management consulting and fund raising, capacity building & training in India.

Led teams through a variety of leadership roles as Business Head/Regional Manager/Practice Head/Project Manager ranging from a small knowledge based/project teams to over 50 professional staff – managing contracts & concessions for organisations such as – IDFC Group, CRISIL, Feedback Ventures, IL&FS & Adity Birla Group.

Have worked on transactions in all core infrastructure sectors –roads, ports, airports, railways, urban transport, water supply and solid waste management; Agriculture Warehousing; Industrial parks and Special Economic Zones, IT, Tourism / Leisure & Entertainment, Real Estate, Healthcare.

He has an MBA from RA Podar Institute of Management and completed his Civil Engineering from Malaviya National Institute of Technology, Jaipur.


Shri Raj Kumar Ralhan

Director, IPL


Raj Kumar Ralhan has over 28 years of leadership experience across Infrastructure Finance/Advisory, Consultancy, Investment Banking, Project Finance, Debt Syndication, Fund raise (both debt and equity), Financial Restructuring, Stressed Assets Resolution, Insolvency Advisory, M&A, and Development Banking, across sectors. He is currently working as Chief Credit Officer of India Infrastructure Finance Company Ltd (IIFCL). He has also worked at senior positions in banking, large corporates and global consulting organisations. As a leader in his career, he has handled and led execution teams in a number of landmark assignments both as a lender and as an advisor. Raj Kumar Ralhan is an Engineer with MBA and a Certified Associate of Indian Institute of Banking and Finance (CAIIB).


Shri Gaurav Kumar

Director, IPL

Mr. Gaurav Kumar has more than 17 years of work experience of which about 15.8 years have been in Banking and Non-Banking Financial Institution – about 8.8 years in Project finance and 7 years in SME and Retail Assets finance – with a comprehensive knowledge in Credit appraisal, Risk assessment, Price structuring, Policy formulation, Risk containment and Portfolio Management.

IIFCL Projects Ltd. (IPL) established in February 2012 is a wholly owned subsidiary of Indian Infrastructure Finance Company Limited (IIFCL), a Government of India Enterprise.

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