Press release from Business Wire India
Source: Infrastructure Development Finance Company Limited
Tuesday, February 15, 2011 06:00 PM IST (12:30 PM GMT)
Editors: General: Consumer interest, Economy; Business: Accounting & management consultancy services, Banking & financial services, Business services, Financial Analyst, Stock exchanges
IDFC Announces the Appointment of Sunil Kakar as the Group CFO
Mumbai, Maharashtra, India, Tuesday, February 15, 2011 — (Business Wire India) — IDFC announced today the appointment of Sunil Kakar as Group Chief Financial Officer, taking over from L.K Narayan who has moved on to the not-for-profit sector. The appointment is going to be effective immediately.
Mr. Kakar brings with him over 25 years of experience encompassing various financial roles and a career that kick started with Bank of America. Prior to joining IDFC Sunil Kakar dedicated 10 years to Max New York Life Insurance Company as CFO, India where he was responsible for Strategic Planning, Investments/Treasury, Finance and Accounting, Budgeting and MIS, Regulatory Reporting and Taxation. Being a part of their core group Mr. Kakar was responsible for the successful build out of their insurance business till date.
Inducted on the management committee of IDFC Group, Mr. Kakar, as the Group CFO, will be responsible for Finance & Accounts, Business Planning and Budgeting, Investor Relations, Resource Raising and IT.
On his appointment, Dr. Rajiv Lall, MD & CEO said, “We are happy to have Sunil on board. Undoubtedly he will ensure financial direction, oversight and control to IDFC and its group companies. I take this opportunity to wish him every success in IDFC.”
About IDFC Ltd.
Infrastructure Development Finance Company Limited (IDFC) is India’s premier financial services institution focused on infrastructure. It was set up in 1997 by the Government of India as a financier and catalyst for private sector’s involvement in infrastructure development in India. For over 12 years, since the company’s initial public offering in 2005, IDFC has evolved into a ‘one stop shop’ for infrastructure finance in India, meeting the complex and ambitious requirements of an expanding client base.
IDFC’s strategy involves all parts of the value chain of infrastructure, providing a differentiated value proposition to its clients. IDFC’s domain expertise in infrastructure combined with product breadth – project financing, investment banking and asset management enables it to provide creative solutions to its clients. IDFC has strong relationships with the private sector and government enabling it to provide objective advice and facilitate public-private partnerships in infrastructure. IDFC Foundation helps train government officials on public-private partnerships, provides advice on infrastructure policy and governance issues and on sustainable development strategies.
Venkatraman KV, Infrastructure Development Finance Company Limited, +91 9004040575, email@example.com
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