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 P R Jaishankar

Chairman, IPL

(Managing Director - IIFCL)

Shri Padmanabhan Raja Jaishankar brings with him a rich experience of over 32 years in Development Banking and Financial domains, handling Top Management and Board Level roles in the Infrastructure, Mortgage Finance and Capital Markets sectors.

Before the current position, he was the Executive Director of National Housing Bank (NHB). He has served as Director & CEO IIFCL Projects Ltd (IPL), Chairman (Board of Trustee) of IIFCL Asset Management Company Limited (IAMCL)and Chief General Manager, IIFCL.He was also on the Board of India Mortgage Credit Guarantee Corporation (IMGC) andIFCI Factors Ltd.

He specialises in Structured Project Finance, New Financial Product Development, Development Initiatives, Risk Management and other functions.He is known for having structured the first ever Mortgage Securitisation transaction in India and a number of other structured financial solutions such as Credit Enhancement, Takeout Finance and Reverse Mortgages.

He has been actively engaged in assisting the Government in its various Committees on Sectoral Policies, which includes leading the initiative for formation of the First dedicated Credit Enhancement Company for the infrastructure sector. He is also a leading member of the project finance group of the Inter-Ministerial Steering Committee (IMSC)for financing of infrastructure investment under the National Infrastructure Pipeline (NIP) announced by the Government of India.

Mr. Jaishankar holds a Master’s Degree in Technology (MTech) from the Indian Institute of Technology (IIT), Delhi and is an MBA (Finance) from the Faculty of Management Studies (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 & Deputy 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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