Leadership Vacancy: IIFCL Seeks Next Visionary Managing Director

The Financial Services Institutions Bureau (FSIB) is on the hunt for a new managing director for the India Infrastructure Finance Company Limited (IIFCL), after P R Jaishankar's term concluded last month. This critical role involves driving innovative financing solutions to bolster world-class infrastructure within the nation.

Established in 2006, IIFCL focuses on providing long-term financial assistance for infrastructure projects, operating under the Scheme for Financing Viable Infrastructure Projects through India Infrastructure Finance Company Ltd (SIFTI). As of March 31, 2025, the company's authorisation and paid-up capital figures stood impressively at Rs 10,000 crore and Rs 9,999.92 crore, respectively.

During Jaishankar's tenure, IIFCL achieved noteworthy financial success, including a 39% rise in net profit, reaching a record Rs 2,165 crore. The company also reported its highest-ever loan sanctions and disbursements, totaling Rs 51,124 crore and Rs 28,501 crore, respectively. The hunt for the next director promises to continue this upward trajectory.

(With inputs from agencies.)