Mr. Prakash Rao, currently the Executive Director & Chief Investment Officer – Indirect Investments National Investment and Infrastructure Fund Limited (NIIF), is the Chairman of our Company since March 2019. He is a seasoned professional with over 35 years of rich experience in the financial services sector. He brings deep expertise in infrastructure lending and investment, corporate finance, project finance, strategic planning and execution and establishing and growing new businesses.
As a founding member of NIIF, Prakash was instrumental in establishing the foundation pillars of the company, in developing business strategy, setting up systems and processes, developing policies, fund raising, building the ESG practice and setting up the NIIF Fund of Funds.
Prior to joining NIIF, Prakash spent over three decades with State Bank of India (SBI) where he led several key positions. In his last position at SBI, he headed the Tamil Nadu and Pondicherry operations as the Chief General Manager. He led a team of 20,000+ employees and managed a balance sheet of USD 30 billion spread across 1,100 branches. Prior to this, he headed State Bank of India’s Private Equity and Venture Capital Fund vertical as General Manager. During his stint with SBI, he has also served as the Deputy CEO of the SBI Macquarie Infrastructure Fund (a USD 1.2 billion fund set up as a Joint Venture with the Macquarie Group of Australia), and was instrumental in the fund’s investments into airports, telecom towers, thermal power, small hydro, and transportation sectors.
Prakash is a Cost and Management Accountant, having passed with a Merit Certificate, and holds a Diploma in Business Finance. He has participated in executive education programmes from the Harvard Business School, Duke University, Indian Institute of Management (Ahmedabad), Indian Institute of Management (Calcutta) and the Indian School of Business.
Rajiv Dhar is the Managing Director and CEO of NIIF Ltd since May 2023. Rajiv has over three and half decades of experience across multiple sectors including Financial Services, Telecom, Oil & Gas (upstream and downstream), Construction, and Real Estate, spanning several countries. With an excellent track record of demonstrated leadership in Strategic Planning, M&A, ESG, Corporate Finance, FP&A, Risk management and Tax, he has led several successful capital raising assignments and has excellent relationships with leading sovereign wealth funds, pension funds, banks and multilateral finance agencies across the globe.
He played a pivotal role as the Chief Operating Officer of NIIF since 2017, serving as a member of the Investment Committees of the NIIF-managed funds and setting up the key functions of Investment Operations, Finance, ESG, Legal, Compliance, Information Technology and Human Resources, ensuring the best in class governance framework of NIIF and its portfolio companies.
Before joining NIIF, Mr. Rajiv Dhar was the Executive Director of Omzest Group, one of the Middle East's most diversified and respected groups. As the ED, Rajiv was responsible for managing strategy and finance for the holding company and was on the Board and Committees of crucial portfolio companies of the Group.
Prior to joining Omzest, Rajiv was part of the esteemed TATA Group for over 15 years. Throughout his tenure, he held diverse management and leadership positions across multiple TATA group companies, showcasing his versatility and expertise in various capacities.
Rajiv currently serves on the Board of Aseem Infrastructure Finance Limited, Hindustan Infralog Private Limited and NIIF Infrastructure Finance Limited.
He is a commerce graduate and member of the Institute of Chartered Accountants of India. He has also completed the Executive Development Program at Wharton Business School and the Leadership Management Program at Harvard Business School.
Mr. A.K.T Chari was an Advisor at IDFC Project Finance. A keen Project Finance Specialist, he has over 35 years of experience.
Prior to joining IDFC, Mr. Chari worked with the Industrial Development Bank of India (IDBI) for 25 years where he held the position of Chief General Manager/Adviser - Corporate Finance. In this role, his responsibilities included appraisal of projects - infrastructure and industrial, project monitoring and portfolio management in the SME and venture capital sectors. He has been on the board of directors various boards as an Independent Director such as HDFC Pension Management Company Limited.Read more
Mr. Ashwani Kumar is a seasoned banker having an experience of around 37 years. He was the Chairman and Managing Director of Dena Bank for a term of 5 years w.e.f. 1.1.13 to 31.12.17
Before being elevated to the post of CMD Dena Bank he was an Executive Director in Corporation Bank. He was appointed by the Government of India as a Director on the Board of Life Insurance Corporation of India (LIC) where he was a Director for a little more than 5 years. He was also the Chairman Audit Committee and Risk Management Committee, Member of Investment Committee, Executive Committee of LIC. As the Chairman of Indian Banking Association (Sept 2015- Oct 2016), Mr. Kumar effectively liaisoned with the Reserve Bank of India, Government of India and other Statutory bodies to promote sound and progressive banking practices. He was the President of Indian Institute of Banking & Finance (IIBF), Chairman of Institute of Banking Personnel Selection (IBPS). He was also a member of Board of Supervision NABARD.
Mr. Ashwani Kumar is a Certified Associate of the Indian Institute of Bankers. He holds a master’s degree in science from Lucknow University. He has attended number of training programmes notably at Kellogg School of Management Chicago, NIBM and other reputed institutions. He has also attended on the job training in Bullion at Nova Scotia London and Societe Generale Paris.
Ms. Rosemary Sebastian is a former career central banker with 38 years of professional track record. She was the Executive Director of the Reserve Bank of India in charge of its financial supervision function (NBFCs and Cooperative Banks). During her career she has handled various responsibilities in central banking, regulation and supervision of banking and non-banking entities, financial inclusion, consumer protection, public debt management and internal audit among others.
She has been associated with the work and recommendations of important Committees of the Reserve Bank. She has served as the Reserve Bank’s Nominee Director on the Board of a large public sector bank. Ms Rosemary Sebastian is post graduate from Osmania University and has a law degree from Mumbai University. She is currently on the Boards of two reputed Companies, as an Independent Director.Read more
Mr. Prashant Kumar Ghose has nearly five decades of experience in finance and industry having worked across sectors including steel, cement, fertilisers, chemicals and consumer. He worked at Tata Steel, where he became Chief Financial Controller (Corporate) and then Chief of Strategic Finance, before moving to Tata Chemicals as Chief Financial Officer. In Tata Chemicals he was elevated to the Board as Executive Director & CFO. He has worked on multiple M&A and fund-raising transactions, domestically and internationally, and he was recognised as CFO of the Year 3 times, twice by IMA and once by CNBC TV18. Mr. Ghose has held multiple board positions including for Tata Chemicals across Europe, North America and Africa, Infinity Retail, Tata Consulting Engineers, Air Asia India and Tata Services. He has also been on international boards - IMACID Morocco and JOil Singapore. Prior to his joining Tata Chemicals he had been in the boards of TAYO ( erstwhile Tata Yodogawa) , Tata Pigments , Stewart’s & Lloyd and others. Mr Ghose also was the advisor to the Group Chairman , Tata Group for over 2 years. He currently sits on three Indian National Committees of CII, and is a member and trustee of the CFO Board
He is a BCOM (Hons) graduate, a member of the Institute of Cost & Works Accountants and the Institute of Company Secretaries, India, and an alumnus of the Advanced International General Management Program of CEDEP, INSEAD. He has attended the Financial Management programme at Wharton School and Strategy at Harvard Business School