With effect from 12 December 2016
IFCI announced that Malay Mukherjee, Chief Executive Officer & Managing Director and Achal Kumar Gupta, Deputy Managing Director have ceased to be on the Board of the Company, pursuant to the completion of their tenure on 11 December 2016.Further, based on the order received from Ministry of Finance assigning additional charge to Sanjeev Kaushik (IAS-KL 92) as Deputy Managing Director of IFCI, Board of IFCI has inducted Sanjeev Kaushik as Director and appointed him as Deputy Managing Director w.e.f 12 December 2016.
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