Board of Directors


Composition of Board level Committees

Dr. Emandi Sankara Rao


Dr. Emandi Sankara Rao, before joining IFCI Limited as MD & CEO was Director & Chief Executive Officer of IIFCL Asset Management Company Ltd. He has more than 25 years of experience with leading institutions in infrastructure and banking & finance sectors and also served as the Founder Director & CEO of IIFCL Projects Limited. He is an alumnus of IIT Bombay (PhD) and IIT Kharagpur (M. Tech) and has also done PGDBA from Pondicherry Central University.

Previously, he had served in IDFC Group as Director & Business Head and in IDBI as DGM and has extensive experience in Project & Corporate Finance, Private Equity, Investment Banking and Infrastructure Development. He has also been instrumental in raising long term funds for IIFCL from both domestic and foreign sources and developed financial products like Credit Enhancement-cum-Takeout and Acquisition Finance at IDFC.

He was also a member in the Sub-Group on Infrastructure (under RBI and erstwhile Planning Commission Working Group on Savings Formulation) of the 12th Five Year Plan, member of Sub-Group on Financing Urban Infrastructure in the 12th Five Year Plan, and a member in the Ministry of Finance – DFS Committee on Debt Market Development and contributed papers in various National and International Conferences & Workshops.


Shri R N Dubey


Shri R N Dubey belongs to 1984 batch of Indian Economic Service. He has joined Department of Financial Services, Ministry of Finance w.e.f., 20.11.2015 as Economic Adviser and as a Government Nominee Director on the Board of IFCI Limited w.e.f. July 6, 2016.

Earlier he was working in the Ministry of Defence, since February, 2012, initially as Joint Secretary & Adviser to the Defence Minister till December, 2014 and thereafter as Joint Secretary (Training) and Chief Administrative Officer till 19.11.2015.

He has wide experience in public policy and its implementation having worked as Adviser in the Department of Economic Affairs, Ministry of Finance, as Director in the Ministry of Defence and the Ministry of Labour andas Deputy Secretary in the Ministry of Home Affairs and in the Ninth Finance Commission.

He has also worked with the World Bank, Washington under Voice Secondment Programme.

He has Master's Degree in Economics from Rajasthan University and M.Sc Degree in Management and Implementation of Development Projects from the University of Manchester Institute of Science and Technology (UMIST), UK.

Besides IFCI Limited, he is also on the Board of Syndicate Bank.


Shri Anshuman Sharma


Shri Anshuman Sharma is an IRS Officer of 2005 Batch and has an experience of around 11 years. He has held various field postings including New Delhi, Mumbai, Chandigarh etc. Shri Anshuman Sharma had been actively involved in Transfer Pricing and Tax Assessment. At present, Shri Anshuman Sharma is posted as Deputy Secretary at Department of Financial Services, Ministry of Finance.

A Post Graduate in Management, Shri Anshuman Sharma owns a multifarious personality having diversified interests in reading, travelling and trekking among other things.

Besides, IFCI Limited, Shri Anshuman Sharma is also on the Board of Allahabad Bank and India Postal Payments Bank.


Ms. Kiran Sahdev



Ms. Kiran Sahdev joined LIC in the year 1984 as a Direct Recruit Officer of the 13th Batch. In a career spanning over three decades, she has handled many challenging assignments such as Secretary (Per.Admn/ER) at Central Office, Regional Manager (Personnel & IR) of Central and North Zones and Regional Manager (Estates / OS) of Northern Zone. The twelve years' of rich experience in managing personnel and industrial relations has made her almost a specialist in the field. As a part of the Team LIC, at corporate LIC, she looks forward to enhancing professionalism in work culture and establishing robust systems to improve corporate governance.

Ms. Sahdev has been extensively trained in executive excellence and leadership at renowned Indian and international institutes, including ISB, Hyderabad, IIM (Ahmedabad) and Asian Institute of management, Manilla, Phillipines.

A major in English Literature from Jesus and Mary College, Delhi and a Post Graduate in English Literature from Delhi University, Ms. Kiran Sahdev is a multifaceted personality having interests in music, reading and theatre. An art lover, she has a remarkable aesthetic sense and appreciates works of art related to period history and culture.


Prof. N. Balakrishnan



Prof. N. Balakrishnan is an Honorary Professor at the Department of Aerospace Engineering and at the Supercomputer Education and Research Centre. He joined the Department of Aerospace Engineering as an Assistant Professor. He has also held the positions of Associate Director of the Indian Institute of Science; Chairman, Division of Information Sciences and Chairman, Supercomputer Education and Research Centre.

He has done his B.E. (Hons.) in Electronics and Communication from the University of Madras in 1972 and Ph.D. from the Indian Institute of Science in 1979. He is a Fellow of The World Academy of Sciences (TWAS), Indian National Science Academy, Indian Academy of Sciences, Indian National Academy of Engineering, National Academy of Sciences and Institution of Electronics &Telecommunication Engineers.

Prof. N. Balakrishnan has received many notable accolades including the Padmashree by the President of India in 2002, Prof S N Mitra Memorial Award, 2013 of the Indian National Academy of Engineering, IETE Diamond Jubilee Medal 2013, Homi J. Bhabha Award for Applied Sciences, 2004, JC Bose National Fellowship in 2007, the Alumni Award for Excellence in Research for Science & Engineering by IISc, 2001 and Millennium Medal of the Indian National Science Congress in 2000 among others.

Prof. N. Balakrishnan was the Chairman of Data Security Council of India and is currently one of its Directors. He is also on the Board of Indian Institute of Information Technology and Management, Kerala and Equitas Small Finance Bank Limited. He has also been in the past, a member of the National Security Advisory Board. He was also one of the Directors of the Bharat Electronics Limited (BEL), and a Part-Time Member of the Telecom Regulatory Authority of India.


Prof. Arvind Sahay



Prof. Arvind Sahay is Professor of Marketing and International Business, Dean (Alumni & External Relations) at IIM Ahmedabad. He is Ph.D. from University of Texas Austin and B.Tech. from IIT Kanpur. He did Post Graduation Diploma in Business from IIM Ahmedabad.

Prof. Sahay has authored more than 50 cases and published in leading international journals like the Journal of Marketing, Journal of Product Innovation Management, Journal of International Business Studies, Sloan Management Review, Vikalpa, the Journal of Academy of Marketing Science and Journal of Indian Business Research. His article in the Journal of Academy of Marketing Science is one of the most widely cited papers in marketing. He has been a regular columnist for Outlook Business magazine on marketing strategy and has also written for the leading Indian business newspaper, Financial Express, on economics and business. He is the author of a case book on marketing strategy called Cases in Pricing, Marketing Communications and Distribution.

Professor Sahay is the recipient of the University Wide Outstanding Dissertation Award from the University of Texas at Austin (for his Ph.D thesis), the Innovation in Teaching Award at London Business School and of the Dewang Mehta Best Teacher Award in Marketing Management and the UTV Bloomberg Best Marketing Professor in India. He was also nominated to the Thinkers50 India list by the Institute of Competitiveness, Harvard Business School.

Professor Sahay is also on the Board of Brandscapes Consultancy Pvt. Ltd. and Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC).

Professor Sahay has been a visiting faculty at EADA (Spain), the Mason School of at the College of William and Mary (USA), University of Texas at Austin (USA), IIM Lucknow, Asian Institute of Technology, (Vietnam), Gordon Institute of Business Science, University of Pretoria (South Africa), SP Jain Institute of Management Research (Singapore, Dubai), Retail Alliance (Dubai) and Indian School of Business, Hyderabad.