New Delhi: The Department of Financial Services under the Ministry of Finance has appointed Manikumar Sivaramakrishnan as Deputy Managing Director (DMD) of IFCI Limited for a tenure of three years, effective from the date he assumes charge, or until further orders, whichever is earlier. The official order was issued on February 16, 2026.
Currently Serving as CGM at NABARD
Mr. Manikumar Sivaramakrishnan, born March 30, 1970, is currently the Chief General Manager (CGM) at NABARD (National Bank for Agriculture and Rural Development). His appointment follows the ACC approval referenced under Order No. 18/21/2025-EO(ACC) dated February 12, 2026.
This move brings a seasoned banking professional from NABARD to IFCI, strengthening the institution’s leadership and strategic capabilities in financing and development projects.
Read also: IFCI Limited Faces Rs 13.64 Crore Additional Tax Demand for AY 2019-20; No Financial Impact Expected
Strengthening Leadership at IFCI
IFCI Limited, one of India’s premier development finance institutions, plays a key role in infrastructure financing, industrial development, and long-term financial support for businesses. The addition of Mr. Sivaramakrishnan to its top management is expected to bolster the company’s strategic initiatives and operational efficiency.
The appointment order was issued by Gopi Nath, Under Secretary, Department of Financial Services, Government of India.
About IFCI Limited
IFCI Limited, established in 1948, is one of India’s first development finance institutions. Headquartered in New Delhi, IFCI provides long-term financial support to industrial and infrastructure projects, promoting sustainable growth and development across sectors. The institution continues to play a pivotal role in strengthening India’s industrial financing ecosystem.
