Mr. Pankaj Jain, IAS

Chairman, IPL

(Joint Secretary, Deptt. of Financial Services, Ministry of Finance, holding additional charge as Managing Director, IIFCL)

Shri Pankaj Jain has been appointed by the Central Government as Government Nominee Director of the Board of IIFCL w.e.f 1st January 2016 until further orders.

Pankaj Jain is an IAS officer of the 1990 batch, currently the Joint Secretary, Department of Financial Services, Ministry of Finance, Government of India. He is an alumnus of Shri Ram College of Commerce from where he has a Bachelor’s degree in Commerce followed by an MBA from FMS Delhi. He also has a professional qualification in the discipline of accounting as an Associate of the Institute of Cost Accountants of India. He has worked for the Governments of Assam and Meghalaya. This encompasses being District Magistrate at Shillong and Tura along with assignments in the Secretariat and State Corporations dealing with Power, Planning, Information Technology, Livelihood Promotion and Industries as well as being Director with the Government of India in the Ministry of Micro, Small and Medium Enterprises. His work experience also includes a three year stint with the British International Aid Agency - the Department for International Development (DFID) as Governance Adviser and Senior Program Manager. His areas of interest include Intellectual Property Rights where he has collaborated with UNIDO to develop an IPR guide for the Indian Toy Industry. He has also been a consultant to the Commonwealth Secretariat and the Asian Productivity Organisation on adoption of IT by small and medium enterprises in India and Bangladesh.


Mr. P R Jaishankar


(Chief General Manager, IIFCL)

Mr. P. R. Jaishankar comes with a rich experience of over 30 years in the Development Banking and Financial Sector, wherein he has handled Top Management and Board Level roles, with specialized exposure in Infrastructure, Mortgage and Capital Markets. He is presently serving as Chief General Manager, IIFCL, Chairman (Board of Trustee) of IIFCL Asset Management Company Limited (IAMCL), Director, IFCI Factors Ltd and Director, IIFCL Projects Ltd (IPL).

At IIFCL, he has been looking after Infrastructure Project Finance, Corporate Planning, and Development of Innovative Products such as Take-out Finance, Credit Enhancement. In addition to this, he is also handling Human Resources, CSR, Corporate Communication and MIS departments of the Company. 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. Under his leadership as MD & CEO of IPL during 2013-14, he 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 also led IPL in achieving New Businesses, Expanding Client Base, Strengthening Stakeholder Relationships as well as Building & Developing Institutional Capacities.

Before joining IIFCL, he has worked with the National Housing Bank (NHB) for around 23 years during 1989 to 2011. At NHB, he has 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 been a member of the Advisory Board constituted by the Ministry of Shipping, Government of India to guide policy and implementation of PPP projects in the Ports Sector.

Mr. Jaishankar 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.


Mr. Alok Perti, IAS (Retd.)

Independent Director

Mr.Alok Perti is presently the Independent Director on the Board of IIFCL Projects Ltd. Mr. Perti is an IAS officer (1977 batch) of Assam-Meghalaya Cadre. He retired as the Secretary and then Advisor, Ministry of Coal, Govt. of India , before joining IIFCL he was last appointed as Chairman of Expert Appraisal committee of Ministry of Environment & Forest for Hydro-electric and river projects.