Board of Directors
Composition of Board level Committees
Terms of Reference of Board level Committees
Shri Manoj Mittal
Managing Director & Chief Executive Officer
Shri Manoj Mittal aged about 54 years has a track record of over 3 Decades in propelling organizational growth and profitability through strategic leadership, multi - functional expertise, building / optimizing organizational processes.
He worked as a Deputy Managing Director at Small Industries Development Bank of India (SIDBI) from Jan 2016 – Jan 2021. He was closely involved in the development of SIDBI Vision 2.0 and its successful implementation to emerge as a financially stronger impact institution.
He had played a lead role in restructuring of dues of Banks to MFIs during the A.P. MFI Crisis in 2010 and implementation of responsible lending initiatives. He also has comprehensive experience in design, management and impact evaluation of various sustainability and developmental programs funded by multilateral agencies / Government of India. He is a Strong Votary of Credit Plus approach for holistic development with expertise in extending capital (Debt and Equity) and development support to MSMEs / Startups, financial intermediaries - Banks / Non-Banking Finance Companies / Micro Finance Institutions, Alternate Investment Funds.
Besides IFCI Ltd. Shri Manoj Mittal is also on the Board of Stock Holding Corporation of India Ltd., IFCI Venture Capital Funds Ltd. IFCI Factors Ltd. and IFCI Infrastructure Development Ltd. Shri Manoj Mittal is also on the Board of Governors of Management Development Institute, Gurgaon, Entrepreneurship Development Institute of India and Rashtriya Gramin Vikas Nidhi (RGVN).
Shri Mukesh Kumar Bansal
Government Director
Shri Mukesh Kumar Bansal, Joint Secretary, Department of Financial Services, Ministry of Finance, Government of India, is an IAS officer (2005 batch).
Shri Bansal is a Commerce graduate and also an MBA from the Sloan School of Management, Massachusetts Institute of Technology, USA.
Prior to his posting as Joint Secretary, Department of Financial Services, Ministry of Finance in October, 2022, he worked as Private Secretary to Hon'ble Minister of Agriculture and Farmers Welfare, Govt. of India, from March, 2020 to October, 2022.
Before being deputed to the Government of India, Sh. Bansal held various key positions in his Cadre State of Chhattisgarh. He had worked as CEO, Zila Panchayat, North Bastar Kanker and also as Commissioner Municipal Corporation, Bilaspur. He had worked as Collector & District Magistrate in three districts namely Kabirdham, Raigarh and Rajnandgaon from 2011 to 2017. He was Special Secretary to Hon’ble Chief Minister Chhattisgarh from 2017 to 2018 and at that time, he also held additional post of CEO, Naya Raipur Development Authority. He had also worked in different departments namely Agriculture, Tribal Development and Rural Industries as Special Secretary.
He is also on the Board of Micro Units Development and Refinance Agency Limited, Bank of Baroda and National Credit Guarantee Trustee Company Limited (NCGTC).
Shri Kartikeya Misra
Government Director
Shri Kartikeya Misra, Director, Department of Financial Services, Ministry of Finance, Government of India, is an officer of Indian Administrative Services (2009 batch).
Shri Misra is a graduate from BITS Pilani and a postgraduate from the IIM- Ahmedabad. Prior to his current posting, he was posted in the Ministry of Labour & Employment, Andhra Pradesh as a Commissioner and had also served in various Ministries/ Departments of the Government of Andhra Pradesh.
He had also worked as District Collector of West Godavari and East Godavari districts. He also initiated the Kaushal Godavari Project for ‘Skill Development’. Under his leadership, 16000 youths found jobs.
He had also worked as Officer on Special Duty, Telangana Bhawan New Delhi.
Shri Kartikeya Mishra, had worked as Director of Health & Family Welfare, A.P., Vijayawada, where he was given full additional charge of Managing Director and CEO for Andhra Pradesh Med Tech Zone (AMTZ).
Prof. N. Balakrishnan
Non – Executive Director
Prof. N. Balakrishnan received 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 then joined the Department of Aerospace Engineering as an Assistant Professor. He was a Professor at the Department of Aerospace Engineering and at the Supercomputer Education and Research Centre, till July 2015. Thereafter, he was Honorary Professor at the Supercomputer Education and Research Centre, Indian Institute of Science till July 2020 and is currently an INSA Senior Scientist at the Indian Institute of Science. He has held the positions of Associate Director of the Indian Institute of Science during September 2005 to March 2014; Chairman, Division of Information Sciences during 1999-2005; Chairman, Supercomputer Education and Research Centre during 1994-2001.
His areas of research where he has several publications in the international journals and international conferences include Numerical Electromagnetics, High Performance Computing and Networks, Polarimetric Radars, Aerospace Electronic Systems, Information Security Complex Social Networks and Digital Library.
He is currently a Member of the Joint Advisory Board of Carnegie Mellon University at Qatar and Member of the Board of Governors of IIT Kharagpur and IIITMK, Kerala and a Member of the Advisory Committee of the International Knowledge Centre for Engineering Sciences and Technology, Beijing, China.
He was in the past, a member of the National Security Advisory Board and the Board of Governors of IIT Delhi and of IIT Madras, a member of the Council of CDAC, a member of the Council of the Indian Statistical Institute Kolkata and Member of SAC to the Cabinet, and Director of the Central Bank of India and CDOT-Alcatel Research Centre at Chennai. He was also one of the Directors of the Bharat Electronics Limited (BEL), BSNL and a Part-Time Member of the Telecom Regulatory Authority of India.
Prof. Arvind Sahay
Non – Executive Director
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 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.
Besides IFCI, Professor Sahay is also on the Board of Brandscapes Consultancy Pvt. Ltd., HIL Ltd., Matter Motor Works Private Limited, lndia International Bullion Exchange IFSC Ltd. and Vdna India Private Limited.
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Shri Surendra Behera
Non – Executive Director
Shri Surendra Behera did his graduation in Economics and Post-graduation in Personnel Management and Labour & Social Welfare from Utkal University, Bhubaneswar. He was appointed as direct recruit officer in cadre of AAO (18th Batch) in LIC of India in 1986. He has been associated with LIC of India since then and has become Executive Director in 2019.
He has also served as a Head of Marketing Department of Branch, Division, Zonal and Central offices at LIC of India. Besides being a marketing expert, he had an illustrious career as Head of Personnel and Legal Departments at Division and Zonal Levels.
Presently, he is In-charge of Zonal Training Centre of LIC of India under East Central Zone.
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Shri Arvind Kumar Jain
Non – Executive Director
Shri Arvind Kumar Jain is a Gold Medallist in M.Sc. (Statistics) and is a Law graduate.
He is Ex-ED, Punjab & Sind Bank and has rich Banking experience of around 40 years with expertise in Treasury Corporate Credit, International Banking, Equity & Debt Capital raising, Compliances and Risk Management. In Banking, his career remained quite bright and he headed the branches/ controlling offices besides worked in Head Office of the Bank. As a Chief General Manager of the Oriental Bank of Commerce, he headed the Large Corporate Credit Department and as a General Manager, he headed Integrated Treasury and International Division, Mid Corporate Credit, Merchant Banking Division, Investor Relation etc.
He is also on the Board of IDBI Asset Management Limited, Micro Units Development & Refinance Agency Limited, PNB Investment Services Limited, Nabsamruddhi Finance Limited, IFCI Venture Capital Funds Limited, PNB Metlife India Insurance Company Limited, SIDBI Venture Capital Limited and ICMAI Registered Valuers Organisation.