New Delhi: Retired IAS officer Nagaraju Maddirala has been appointed Chairman and Managing Director (CMD) of Infrastructure Leasing & Financial Services (IL&FS) for a period of two years from the date he assumes charge. The Ministry of Corporate Affairs (MCA) communicated the appointment through an order dated October 12, 2026.
A 1993-batch Indian Administrative Service (IAS) officer of the Tripura cadre, Maddirala takes over the top leadership position following the conclusion of Nand Kishore’s tenure as IL&FS chairman and managing director on September 30, 2026.
According to the ministry, Maddirala was designated for the position after being appointed to the IL&FS board. The Mumbai bench of the National Company Law Tribunal (NCLT) had appointed him as a director of the company through an order dated October 1, 2026. The subsequent MCA order formalised his designation as chairman and managing director.
Under the terms of the appointment, Maddirala will receive a monthly remuneration of ₹5.5 lakh, along with a company car and company-leased accommodation. The ministry has directed IL&FS to complete the necessary procedural formalities to implement the order, which was issued with the approval of the competent authority.
The order was signed by Sunidhi Misra, Deputy Director in the ministry’s Legal and Prosecution Division. Copies were forwarded to Maddirala, the Directorate General of Corporate Affairs, the Regional Director (Western Region) in Mumbai, and the Registrar of Companies, Mumbai.
His appointment comes as IL&FS continues its resolution and asset monetisation process following the debt crisis that brought the infrastructure financier under significant financial and regulatory scrutiny.
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Who Is Nagaraju Maddirala?
Nagaraju Maddirala is a retired IAS officer from the 1993 batch of the Tripura cadre who served in several important positions in the state government and the Union government. His career spanned public finance, economic affairs, tribal welfare, healthcare, industrial development and financial services, along with an international assignment at the World Bank.
Maddirala retired from active civil service on May 31, 2026, after more than three decades in administration. His appointment to lead IL&FS marks his return to a senior leadership role following retirement.
Nagaraju Maddirala: Profile at a Glance
- Service: Indian Administrative Service (IAS)
- Batch: 1993
- Cadre: Tripura
- Date of Birth: May 24, 1966
- Home State: Andhra Pradesh
- Date of Retirement: May 31, 2026
- Current Appointment: Chairman and Managing Director, IL&FS
- Tenure: Two years from the date of assuming charge
- Monthly Remuneration: ₹5.5 lakh, along with a company car and company-leased accommodation
Educational Background and Early Years
Maddirala pursued a Bachelor of Arts degree in Economics from Nagarjuna University before completing a Master of Arts degree in Philosophy at the University of Hyderabad between 1988 and 1990.
During his time at the University of Hyderabad, he also served as president of the university’s students’ union. He subsequently entered the Indian Administrative Service through the UPSC Civil Services Examination and was allocated the Tripura cadre in the 1993 batch.
His early administrative assignments gave him experience in district-level governance before he moved into senior departmental responsibilities and central government roles.
Career in Tripura: From District Administration to Senior Leadership
During his service in Tripura, Maddirala held a range of field and secretariat assignments. His early positions included Assistant Collector, Additional District Magistrate in Kamalpur and West Tripura, and District Magistrate in South Tripura.
These assignments exposed him to district administration and the implementation of government programmes at the grassroots level.
He later served as Director of Tribal Welfare in Tripura. One of the initiatives associated with his tenure was work towards establishing Ekalavya tribal residential schools, aimed at expanding educational opportunities for tribal students.
Maddirala subsequently held senior positions in the state secretariat, including Secretary and Principal Secretary assignments across several departments. His responsibilities covered Health, Women and Child Development, Finance, and Industries and Commerce.
The range of his state-level assignments provided experience in social-sector administration, public expenditure, industrial development and departmental policy implementation.
Central Deputation: Economic Affairs and the Ministry of Coal
Maddirala’s central deputation began with an assignment in the Department of Economic Affairs under the Ministry of Finance. From 2004 to 2008, he served as a Director, handling the Japan, North America and World Bank divisions.
The position involved work on international economic relations and matters concerning India’s engagement with major international institutions and partners.
Between 2008 and 2012, he served as an Adviser to the Executive Director at the World Bank in Washington, DC. In this role, he worked on matters relating to India’s economic interests in an international institutional setting.
He later moved into senior responsibilities in the Ministry of Coal, serving as Joint Secretary and subsequently Additional Secretary from 2020 onwards. During this period, he also served as a government nominee director on the boards of public sector undertakings, including Coal India Limited and Mahanadi Coalfields Limited.
These assignments added experience in the administration of a major industrial sector and the oversight of public sector enterprises to his broader record in economic and financial governance.
Secretary, Department of Financial Services
In August 2024, Maddirala was appointed Secretary to the Government of India in the Department of Financial Services (DFS), Ministry of Finance.
The department deals with key aspects of the financial sector, including public sector banks, banking administration, financial inclusion and insurance-related policy matters. His tenure placed him at the centre of government-level work concerning financial services and public sector banking.
He was also nominated to the Central Board of Directors of the State Bank of India (SBI). His experience in the Department of Financial Services was among the final major assignments of his career in the IAS before his retirement in May 2026.
His background in economic affairs, public sector enterprise oversight and financial services is relevant to his new role at IL&FS, which continues to manage the resolution and monetisation of assets following its financial crisis.
IL&FS Appointment Follows Nand Kishore’s Tenure
The Ministry of Corporate Affairs’ order follows the completion of Nand Kishore’s tenure as IL&FS chairman and managing director on September 30, 2026.
The appointment process involved Maddirala’s induction onto the company’s board through the NCLT’s Mumbai bench on October 1, followed by the ministry’s designation of him as CMD on October 12.
His tenure will run for two years from the date he assumes charge, rather than from the date of the order. The ministry has also specified his remuneration and other employment-related benefits and instructed the company to complete the required formalities.
IL&FS has been working through a resolution and asset monetisation process after its debt crisis triggered extensive efforts to address its financial obligations and restructure its operations. Maddirala’s appointment places a former senior finance secretary and experienced administrator at the head of the company as that process continues.
With experience spanning state administration, the Union government, public sector undertakings and international economic institutions, Maddirala brings a broad administrative and financial background to the leadership of IL&FS.
