IFCI Limited Appoints Shri Manikumar Sivaramakrishnan as Deputy Managing Director
IFCI Limited appointed Shri Manikumar Sivaramakrishnan as Deputy Managing Director for a three-year term, effective April 06, 2026. He brings over 30 years of experience in banking and financial services, with expertise in strategic planning and risk management.
The appointment of a Deputy Managing Director is a significant event for the company's leadership and strategic direction, hence a medium impact.
The announcement is a routine management appointment and does not contain any significant financial performance indicators or strategic shifts that would warrant a positive or negative sentiment.
IFCI Limited announced the appointment of Shri Manikumar Sivaramakrishnan as Deputy Managing Director (DMD) on its Board. This appointment, effective from April 06, 2026, is for a period of three years, or until further orders, whichever is earlier. The decision follows a letter from the Government of India, Ministry of Finance, Department of Financial Services, dated February 16, 2026.
Shri Manikumar Sivaramakrishnan is not debarred from holding the office of Director by any SEBI order or other authority. He is a Fellow Member of the Institute of Cost Accountants of India (FCMA) and holds an MBA (Finance), MS (Banking), and an Advanced PG Diploma in Computer Applications. He is also a Certified Associate of the Indian Institute of Banking and Finance.
With over three decades of experience in Banking and Financial Services, his expertise spans strategic planning, financial management, rural innovations, microfinance, financial inclusion, rural infrastructure financing, integrated risk management, HR transformation, banking technologies, and financial product structuring. He previously served at Indian Overseas Bank and later joined NABARD, where he rose to the position of Chief General Manager. During his tenure at NABARD, he also held the role of Chief Operating Officer (COO) at NABVENTURES Ltd., the VC subsidiary, and served as a Faculty Member at the Bankers Institute of Rural Development (BIRD), Lucknow. Before his current appointment, he headed NABARD's Strategic Planning and Product Innovations Department. He has also served as a Director on the boards of various institutions including NCDEX, SIDBI, NABSAMRUDDHI Finance Ltd., NABVENTURES Ltd., OPL Finance Ltd., and Sahakar Sarathi Pvt. Ltd. Shri Manikumar Sivaramakrishnan is not related to any other Director on the Board of IFCI Limited.
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IFCI Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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