https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Rahul Bhave Appointed as MD & CEO of IFCI Ltd

The government has appointed Rahul Bhave as the MD & CEO of IFCI Ltd, with a three-year tenure, amid a major restructuring plan to consolidate IFCI Group entities for enhanced efficiency.
Indian Masterminds Stories

The government has appointed Rahul Bhave as the Managing Director and Chief Executive Officer (MD & CEO) of IFCI Ltd, India’s pioneering development financial institution. Bhave, who previously served as Deputy Managing Director, will assume the role for a three-year tenure from the date of taking charge, as per an official order. His appointment has been approved by the Appointments Committee of the Cabinet (ACC), chaired by the Prime Minister.

Founded on July 1, 1948, IFCI plays a crucial role in financing industrial and infrastructure development in India. In a major policy move, the Ministry of Finance granted in-principle approval in November 2024 for the ‘Consolidation of IFCI Group,’ aimed at streamlining operations and improving efficiency.

Under this restructuring plan, IFCI Ltd will merge with StockHolding Corporation of India Ltd and other group entities. The consolidation will integrate StockHolding Corporation of India Ltd, IFCI Factors Ltd, IFCI Infrastructure Development Ltd, and IIDL Realtors Ltd with IFCI Ltd. Additionally, StockHolding Services Ltd, IFCI Financial Services Ltd, IFIN Commodities Ltd, and IFIN Credit Ltd will be combined into a single entity, functioning as a direct subsidiary of the newly consolidated listed entity.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
IRS Officer Indian revenue Services
IRS Charanpreet Singh Bakshi Gets Extension as Joint Secretary in Ministry of Minority Affairs
ITS Indian Trade Service
2 Senior ITS Officers Appointed as OSDs at DoT Headquarters, Deb Kumar Chakrabarti Made OSD to Member, Services
IDAS Officer Indian Defence Accounts Service
4 Senior IDAS Officers in HAG Rank Get New Postings, Alka N Arora Posted As Principal Integrated Financial Advisor (Air Force)
HPCL_logo_HIndustan Petroleum
HPCL Q4 Profit Rises 18% to Rs. 3,355 Crore; Announces Rs. 10.50 Dividend Despite LPG Loss Buffer
IPS logo resized
Delhi Court Orders FIR Against 2023-Batch Trainee IPS Officer for Alleged Assault - Know the Case
G
Senior IFS Officer G. Chandrasekhar Reddy Appointed as Telangana's Chief Information Commissioner - Know More About Him
DEFEAInaugration
BEL Showcases Indigenous Defence Technologies, Leads India Pavilion at DEFEA 2025 in Athens
IAS Kaushal Raj Sharma
Who Is IAS Kaushal Raj Sharma? UP CM’s Secretary Called to Delhi on Deputation for Major Role
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Sandeep Tamgadge
IPS Sandeep Tamgadge’s Two Decades of Service in Nagaland
IMG-20250429-WA0019
How Mission IAS is Transforming Dreams of Underprivileged UPSC Aspirants
Aakash Garg
Computer Engineer Aakash Garg Takes AIR-5 in UPSC CSE 2024 Through Sheer Discipline And Hard Work | Exclusive
ADVERTISEMENT
UPSC Stories
iqbal-ahmad-upsc-2024
From Cycle Repair Shop to UPSC Rank 998: UP's Iqabal Ahmad’s Inspiring Journey Against All Odds
Iqbal Ahmad, son of a handyman from Sant Kabir Nagar, secured 998th rank in UPSC 2024, fulfilling his...
IPS Sandeep Tamgadge
IPS Sandeep Tamgadge’s Two Decades of Service in Nagaland
For over 20 years, IPS officer Sandeep Tamgadge has served Nagaland, navigating its unique cultural landscape...
Shubham Kaurav UPSC
Four Attempts, One Dream: How Shubham Kaurav Cracked UPSC CSE with AIR 291
With determination, self-study, and a strategic mindset, Gwalior’s Shubham Kaurav turned years of hard...
Social Media
Shakti Dubey AIR 1
UPSC Rank 1 Shakti Dubey's Success Sparks Debate on Civil Services Examination System, Ex-IPS Officer Raises Questions
Shakti Dubey’s UPSC Rank 1 success has sparked debate after ex-IPS officer Yashovardhan Azad questioned...
IAS Pulkit Garg
Central Jail Road Transforms into a Vibrant People-Centric Street in Varanasi
This road has been given a soul, the soul of a musical path, adorned with pink enamel folk art and every...
Rajan Singh Ex-IPS
Ex-IPS Officer Rajan Singh Shares Powerful Insight on Influence through Action
Mr. Rajan Singh is an ex-IPS officer of the 1997-batch (Kerala cadre) and founder of HabitStrong Org...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
IRS Officer Indian revenue Services
IRS Charanpreet Singh Bakshi Gets Extension as Joint Secretary in Ministry of Minority Affairs
ITS Indian Trade Service
2 Senior ITS Officers Appointed as OSDs at DoT Headquarters, Deb Kumar Chakrabarti Made OSD to Member, Services
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Sandeep Tamgadge
IMG-20250429-WA0019
Aakash Garg
ADVERTISEMENT
ADVERTISEMENT