Genesis of India Infrastructure Finance Company (UK) Limited
It was announced in the Government of India Budget 2007-08 that, with a view to further supplementing financial resources for infrastructure development in India, an off-shore wholly owned subsidiary of IIFCL will be set up. The subsidiary company would borrow funds from the RBI and lend to Indian companies implementing infrastructure projects in India, or to co-finance their External Commercial Borrowings for such projects, solely for capital expenditure outside India. Based on a cross-country study, it was approved by the Government of India that the subsidiary company may be established in the United Kingdom. The India Infrastructure Finance Company (UK) Limited was, accordingly, incorporated within the Registrar of Companies of England and Wales at London on February 7, 2008 [Company No. 6496661] under the UK Companies Act 1985. The company is registered with Financial Services Authority of UK as Annex-I Financial Institution for the purpose of compliance with UK Money Laundering Regulations 2007. The authorised capital of IIFC (UK) Limited is USD 500 million and the current paid up capital of the Company is USD 50 million.
Board of Directors
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Mr. S K Goel, Chairman
(CMD, IIFCL) |
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Mr. S K Goel assumed charge as Chairman and Managing Director of India Infrastructure Finance Company Limited with effect from 24 June 2010. He started his career from Bank of Baroda as an officer. During his long and varied experience, Mr. Goel has held various positions in Public Sector Banks including Andhra Bank, Bank of India, Allahabad Bank, UCO Bank and IIBI. Prior to heading IIFCL, Mr. S K Goel has been Chairman & Managing Director of UCO Bank from August 2007 to June 2010. Under his leadership, UCO Bank achieved outstanding growth in lending to agriculture, excellence in lending to MICRO enterprises and MSMEs which was duly recognized by the Government of India and the Hon’ble Prime Minister, crowning UCO Bank twice with NATIONAL AWARD. Mr. Goel is a first class post graduate in commerce from Delhi School of Economics. He did his LLB from University of Rajasthan. He is a Certified Associate member of Indian Institute of Bankers.
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Mr. Rajiv Takru, Director
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Mr. Rajiv Takru Secretary, Financial Services, is a 1979 batch Indian Administrative Service (IAS) officer of Gujarat Cadre. Before assuming the charge as Secretary, DFS, Mr. Takru was Additional Secretary and Financial Advisor in the Ministry of Health and Family Welfare and Additional Secretary in the Ministry of Information and Broadcasting. Mr. Takru is Post-Graduate in Police Administration. Amongst other important positions, Mr. Takru is currently the Government of India nominee director on the Board of India Infrastructure Finance Company Limited and director on the Boards of Reserve Bank of India and State Bank of India. He was appointed to the Board of IIFC(UK) on 8th March 2013 as Director.
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Mr. M. Mahapatra,
Director
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Mr.Mrutyunjay Mahapatra Senior General Manager, State Bank of India, is currently, Regional Head, UK Region, State Bank of India, based at London. State Bank of India is the leading Public Sector Bank in India and set up its London branch in 1921. Mr.Mahapatra possesses Master’s Degree in physics, Advanced Diploma, Management from Delhi University and is a professionally qualified banker in CAIIB. Mr.Mahapatra is also a certified Financial Planner having qualified from Financial Planning Standards Board of India. Mr.Mahapatra brings with him rich experience of project financing, leasing, private equity and corporate finance gained in various capacities over the years in India and abroad prior to his moving to international assignment at London. He joined State Bank of India in 1982. He was appointed to the Board of IIFC(UK) on 27th December 2012.
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Prof. G. George,
Non Executive Director |
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Prof. George was appointed to the board of IIFC (UK) Limited on 19th November, 2010 as Non-Executive Director. He is Professor and Deputy Head of Innovation and Entrepreneurship and Director, Rajiv Gandhi Centre for Innovation and Entrepreneurship at the Business School of Imperial College London. His current academic role, inter alia, involves working on urban infrastructure and energy projects to examine governance and best practices globally. He has been keenly involved with Indian Infrastructure projects such as airports, energy and health through PPP and public finance initiatives. Prof. George also serves on the Strategy Board of Energy Futures Lab. He has experience of functioning at Board of Directors and Advisory levels in Cquensys, Cascade Asset Management, Viswagen Biotech Pvt. Ltd. Fluent Systems LLC and Arc-Con Developers.
Before joining Imperial College, Prof. George held tenured positions at the London Business School, where he served as Faculty Director of the Institute of Technology and at the University of Wisconsin-Madison, where he directed the Applied Ventures in Entrepreneurship Program. Prof. George has received several prestigious international honours and awards. Prof. George is Ph.D. in Management from Virginia Commonwealth University, Master of Management Studies and Master of Science (Honours) in Biological Sciences, BITS, Pilani, India.
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Mr. S. Krishnan,
Managing Director |
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Mr. S. Krishnan was appointed on the board of IIFC(UK) Limited on 1st September 2012 as Managing Director. Before reporting to IIFC(UK), he was Chief General Manager in India Infrastructure Finance Company Limited at New Delhi.Mr. Krishnan is a Post Graduate Diploma holder in Business Administration and is a professionally qualified banker with CAIIB. Mr. Krishnan started his banking career in 1984 and has worked in various areas of Banking especially corporate Banking in and outside India gained in various capacities over the years at State Bank of Mysore, State Bank of India Singapore, State Bank of Bikaner & Jaipur.
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parent company
