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Last Updated on: 11-Aug-20

Key Managerial Personnel

Dr. Emandi Sankara Rao



Dr. Emandi Sankara Rao is currently serving as MD&CEO of IFCI Ltd, a Government of India Undertaking. IFCI is the oldest Financial Institution and the first Development Finance Institution of the country set up in 1948 and has been contributing towards Indian economic growth through development of infrastructure and industry. Dr. Rao is also the Chairman of IFCI group companies and institutions namely Stock Holding Corporation of India Ltd, IFCI Venture Capital Funds Ltd, IFCI Factors Ltd, Management Development Institute – Gurgaon & Murshidabad and Institute of Leadership Development. He is an alumni of IIT Bombay (PhD), IIT Kharagpur (M. Tech), Pondicherry Central University (PGDBA) and Andhra University (B.E. Electrical Engineering).

Prior to IFCI Ltd, Dr.Rao has served for over 30 years with leading Financial Institutions – IIFCL and IDFC. He has extensive experience in Project & Corporate Finance, Private Equity, Investment Banking, Infrastructure Development and Long Term Resource Raising (Domestic & Foreign Capital). He was the Founder Director & CEO of IIFCL Asset Management Company Ltd and also the Founder Director & CEO of IIFCL Projects Limited and also was associated with the IDFC Group as Director & Business Head.

Dr.Rao has been a member in the Sub-Group on Infrastructure Finance (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 to several research & policy papers in various National and International Conferences & Workshops.Recently, he has been recognised by the globally renowned Asia Pacific Enterprise Awardsfor his contribution in the field of financial services.

Besides being a Banking & Finance Specialist, Dr.Rao is also an Academician, Skill Developer & Start-up Enabler, Social Reformer and a Farmer!



Shri Sunil Kumar Bansal

Deputy Managing Director

Shri Sunil Kumar Bansal is a Chartered Accountant from ICAI, New Delhi, Cost Accountant from ICWAI, Kolkata and holds Diploma in Treasury and Forex Management from ICFAI, Hyderabad. He secured All India rank 23rd in CA Final. Shri Bansal served in NABARD at several positions and having vast experience of more than 35 years out of which 22 years as senior executive at NABARD as an Investment Manager, Financial Consultant and Development Banker.

Shri Bansal is having cumulative 10 years Board level experience in organizations like SIDBI, NABCONS & NABVENTURE. Shri Bansal headed state of Chhattisgarh and Madhya Pradesh Regional Office as Officer-in Charge/ Chief General Manager.

Shri Bansal has also proven his expertise as member of important Committees set up by Government of India like (i) Working Group on KCC constituted by DFS, MoF, GoI to review the Kisan Credit Card Scheme; (ii) Sarangi Committee on Interest Subvention and DBT; and (iii) Project Management Group where he headed the group which in consultation with Boston Consultancy Group redesigned financial and developmental products at NABARD.

Shri Bansal has headed/participated in several studies and training programme like Study of Micro-credit institutions in Philippines (1998), Exposure visit to 05 European Countries on ‘Management of Change’(2002), ‘Programme on Advanced Corporate Finance’ at London Business School, London (2008), Program on Financial Inclusion and Agriculture Credit, Brazil(2014) etc. Shri Bansal has Specialized Skills in Fund, Liquidity & Treasury Management, Domain knowledge in Finance and Supervision. He has conducted investigations in investment operations of Apex Cooperative Banks.

Besides IFCI Ltd. Shri Sunil Kumar Bansal is also Director on the Boards of Stock Holding Corporation of India Ltd., IFCI Venture Capital Funds Ltd. and MPCON Ltd.


Ms. Jhummi Mantri

General Manager and Chief Financial Officer


Ms. Jhummi Mantri is a qualified Chartered Accountant and is working with IFCI Ltd. since 2001. She has an experience of around 18 years and has handled Accounting, Taxation, Treasury, Investment, Forex and Resources Functions in IFCI.

Ms. Jhummi Mantri is currently holding the post of General Manager and is heading Corporate Accounts & Taxation and Integrated Treasury Departments.


Ms. Rupa Sarkar

General Manager & Company Secretary


Ms. Rupa Sarkar, Company Secretary, IFCI is an Associate Member of the Institute of Company Secretaries of India, having around 20 years of work experience. She has had experience of working both in Corporates as well as Consultancy.

She has been associated with IFCI Limited since December 2007.

She is a Commerce Graduate from Banaras Hindu University. She also holds a bachelor degree in Law from the University of Delhi.