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Directors Information

Directors Information

Dr. Emandi Sankara Rao

Dr. Emandi Sankara Rao

(Non-Executive Chairman)

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 Awards for 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!

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Shri Subhash Chander Kalia

(Non-Executive Director)

Shri Subhash Chander Kalia serves as a Senior Strategic Advisor at Yes Bank. Previously, Mr. Kalia served as Executive Director of Union Bank of India and of Vijaya Bank Ltd. Mr. Kalia joined Bank of Baroda in 1973 and worked in several capacities up to the level of General Manager till 2008. He was instrumental in setting up Baroda Pioneer Asset Management Company and Baroda L&G Life Insurance Company. He has vast corporate governance experience and rich international experience. He serves as Independent Director on the Board of Tengri Bank Kazakhstan. Mr. Kalia holds a Master's degree in Political Science, he is a CAIIB and is also a Gold Medalist. He has been a recipient of several awarded like Banker Shiromani Award, Utkarsh Award, Hindi Diwas Award, etc.

Mr J Venkateswarlu.jpg

Shri J. Venkateswarlu

(Non-Executive Director)

Shri Venkateswarlu Jonnalagadda is a practicing Chartered Accountant since last 32 years rendering professional services in the fields of accountancy, auditing, finance, taxation, banking and other economic laws to NBFCs, Insurance Companies, Not for profit Organizations and Corporates, as Statutory Auditors, Internal Auditors, Management and Tax Consultants.. He is carrying on the profession of Chartered Accountant under the name and style of M/s. J V S L & Associates, Chartered Accountants with Head office at Hyderabad and Branches at Chennai and Vijayawada.

Elected to the Southern India Regional Council (SIRC) of ICAI for 3 terms from 1998 to 2007. Also elected to the Central Council of ICAI from Southern Region for 3 successive terms viz., 2007-10, 2010-13 & 2013-16. Headed the Committee on Banking, Insurance and pension (COBIP) of ICAI.

Shri Lalit Kumar Patangia

Shri Lalit Kumar Patangia

(Non-Executive Director)

Mr. Lalit Kumar Patangia is a Practicing Chartered Accountant since last 30 years, having vast experience in the field of financial management and financial engineering. He is actively involved as Central Statutory Auditor of Public Sector Undertakings (PSUs) including National Aluminium Company Limited (NALCO) and various Public Sector Banks (PSBs). He is working as Senior Partner of M/s ABP & Associates, Chartered Accountant firm, having Head Office at Bhubaneswar and Branches in different parts of the country. He has established many SME projects in various sectors.

Shri Patangia holds degrees as M. Com and LLB. DISA (ICAI) and is also a certified Information-System Auditor.

Anjali Kaushik

Dr. Anjali Kaushik

(Non-Executive Director)

Dr. Anjali Kaushik is a Professor at Management Development Institute (MDI), Gurgaon which is one of the Top Business Schools in India. She has worked as consultant on various projects related to strategic planning, policy making in e-governance and cyber security with Government of India. She has authored five books with renowned publishers and has published more than 30 papers in peer reviewed international journals. She belongs to the first batch of Lady Officers in Indian Air Force, and is an Oxford University Chevening Scholar of 2013 batch. She is a MBA from MDI, Gurgaon and PhD from Delhi University.

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Shri Vasantharao Satya Venkatarao

(Nominee Director)

Shri Vasantharao Satya Venkatarao has over 26 years of professional experience with nearly 19 years in IFCI Limited as a part of the senior management. Prior to this, he was with The Housing and Urban Development Corporation Limited (HUDCO). He is a graduate in Commerce and have done M.L. (International Law) and P.G. Diploma in Industrial Relations & Personnel Management. He has secured Gold Medal in M.L. (International Law) from Andhra University and stood first in B.L for Nyaya Vidya Parishad Law College affiliated to Andhra University. Given Shri Rao’s vast and diverse experience, IVCF would benefit under his guidance.

Shri Shakti Kumar

Shri Shakti Kumar

(Managing Director)

Shri Shakti Kumar has vast experience in the financial services, banking and NBFC sector with a career spanning more than 24 years. He has diverse exposure in the fields of Treasury, Credit, Finance and Accounts, Audit, Resource mobilization, handling strategic investments etc. Looking at his dynamic approach and wide exposure he has been given responsibility as Managing Director of IFCI Venture Capital Funds Ltd with effect from 1st October 2018.

Shri Shakti Kumar, presently designated as General Manager in IFCI Ltd, started his career in the financial services sector in 1994 after completing his MBA. He joined IFCI, the first DFI of the country, in September, 2001 at it’s Kolkata office. During his stint in IFCI he has worked in various departments which include Treasury, Credit, Finance and Accounts, Audit, Strategic Investments etc. He was also assigned the responsibility to head IFCI’s Chandigarh Regional office.

During his tenure in IFCI, he has been IFCI’s Nominee Director on the board of Himachal Pradesh Consultancy Organization (HIMCON) and North India Technical Consultancy Organization Ltd. (NITCON). To his credit, he has also completed CAIIB from Indian Institute of Bankers, while working in IFCI Ltd.