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 Subhendu Moitra

Director, IPL

Subhendu is an Engineer with MBA and a Certified Banker (CAIIB). Of his 31+ years of work experience, barring shop floor experience of initial 3 year in Manufacturing Industry, balance 28 years of experience is in Project/Corporate Finance, Investment Banking, Project/Infrastructure Advisory, Syndication of Funds, Development Banking, Special Situation Fund, Financial Restructuring, Government Advisory and M&A across the sectors. He is currently working as Chief Credit Officer of IIFCL, an entity of Govt of India for promotion and funding of Infrastructure Projects. Earlier he was MD & CEO of ISARC, a Special Situation Fund/ ARC owned by Indian Banks & FIs. He was also Member of Investment Committee of a VC Fund during that period. Earlier he has worked as SVP & Zonal Head of Project Advisory & Structured Finance group of SBI Capital Markets Ltd (SBICAP), a premier Investment Bank of India belonging to State Bank of India Group.
In his career he has led execution teams in several landmark and diversified Project Finance/ advisory and Special Situation Funding assignments like – appraisal and funding of First Water project & coal bed methane project of the country; Greenfield Metro Rail/ Airports/ Ports; project export funding for Steel Project in Myanmar, Revival of first toll bridge project of India, unique sale for a 540 MW Power Plant to a infra fund in combination of a special situation fund, Revival and restart of a 1 MTPA Petrochemicals unit from a sick company to a highly profitable entity, Large M&A Deals, Advisory for acquisition of Govt Owned Thermal Power project, revival of sick and closed State owned sugar mills through PPP, Advising in setting up Special Purpose Tea Fund (SPTF) for Tea Board and handholding Tea Board in formation and operation of the fund in 2006-07; Advising a Govt owned River Basin Development entity in formulating the framework for Social Development in command area; He has single-handedly built several successful teams in premier institutions. He advised and managed relationship with top management and sponsors of Private Corporates, central/State Government Departments, and Chambers etc. and also represented in high level Business Delegation and Seminars and as faculty for Training Sessions.

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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