New Delhi: Palash Srivastava, currently serving as the Deputy Managing Director (DMD) of India Infrastructure Finance Company Limited (IIFCL), has officially taken on the additional charge of Managing Director (MD) of the organization, according to a release from PSU Connect.
Srivastava steps into this extended role with a strong background in infrastructure finance, strategic policy advisory, and institutional development, positioning him to steer IIFCL during a crucial phase of its growth and reform trajectory.
Strong Academic and Industry Credentials
Srivastava holds a Bachelor’s degree in Civil Engineering from MNIT Jaipur and an MBA from R.A. Podar Institute of Management, Mumbai. Over the course of his career, he has held influential roles in top financial and infrastructure organizations, including IDFC Group, CRISIL, IL&FS, Feedback Ventures, and the Aditya Birla Group.
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Driving Innovation and Policy in Infrastructure Finance
At IIFCL, Srivastava has been a central figure in expanding the company’s operational footprint, particularly through innovative financing mechanisms, international collaborations, and enhanced regulatory engagement. He has championed projects and reforms that align IIFCL with India’s long-term infrastructure development goals.
He has also played a pivotal role in major policy frameworks such as:
- National PPP Capacity Building Programme
- Kelkar Committee on PPP Reforms
- 12th Five-Year Plan Working Group on Urban Financing
- Vision for a Resilient and Sustainable IIFCL
Colleagues and observers note that Srivastava’s leadership style is marked by a sustainable, growth-oriented approach, aligned with building a resilient financing structure at IIFCL. His appointment comes at a time when infrastructure funding in India is gaining momentum, with increased emphasis on public-private partnerships (PPP) and green infrastructure development.
About IIFCL
IIFCL is a government-owned financial institution established in 2006 to provide long-term financing for infrastructure projects in India. It is a wholly-owned company of the Government of India, playing a key role in supporting the development of various infrastructure sectors. IIFCL specializes in financing infrastructure projects across various sectors, including transportation, energy, water, sanitation, communication, and social and commercial infrastructure.
