New Delhi: The Financial Services Institutions Bureau (FSIB) has recommended candidates for two key leadership positions in India’s financial infrastructure institutions — Managing Director (MD) of India Infrastructure Finance Company Ltd (IIFCL) and Deputy Managing Director (DMD) of IFCI Ltd.
Rohit Rishi Recommended as MD of IIFCL
The FSIB conducted interviews with six shortlisted candidates on September 16–17, 2025 for the role of Managing Director in IIFCL, a wholly-owned Government of India enterprise that plays a key role in financing infrastructure projects across the country.
After assessing the candidates based on their performance during the interface, overall experience, and the existing selection criteria, the Bureau has recommended Mr. Rohit Rishi for the post.
Read also: Ravi Ranjan Selected by FSIB for SBI Managing Director Role, Appointment Awaits ACC Approval
Manikumar Sivaramakrishnan Selected for Deputy MD Role in IFCI
For the role of Deputy Managing Director at IFCI Ltd, the FSIB conducted interviews with four candidates during the same period.
Based on a comprehensive evaluation of their interview performance, relevant experience, and alignment with FSIB’s parameters, the Bureau has recommended Mr. Manikumar Sivaramakrishnan for the position.
What’s Next?
The recommendations of FSIB are subject to final approval by the Appointments Committee of the Cabinet (ACC). Once approved, the appointments will be formally notified by the Department of Financial Services under the Ministry of Finance.
About IIFCL and IFCI
India Infrastructure Finance Company Ltd (IIFCL) is a key player in long-term infrastructure financing, supporting public-private partnerships and infrastructure growth across sectors.
IFCI Ltd is a government-owned development finance institution that provides financial support to diverse industries, including infrastructure, manufacturing, and services.
