Palash Srivastava, deputy managing director of India Infrastructure Finance Company Limited (IIFCL), has been entrusted with the additional charge of managing director, effective July 2, 2025, following a finance ministry order. The appointment comes after the tenure of former MD PR Jaishankar concluded in May 2025.

Srivastava, a seasoned infrastructure financing expert with over 28 years of experience, has been pivotal in steering IIFCL’s strategic initiatives. His leadership as deputy MD bolstered the institution’s role in infrastructure financing, project development, and policy advisory through innovative mechanisms and international collaborations. IIFCL highlighted his contributions in expanding its footprint and strengthening regulatory dialogue.

IIFCL, a wholly government-owned entity established in 2006, focuses on long-term financial support for infrastructure projects across India. Under Jaishankar’s tenure, the institution achieved record-breaking performance, posting a 39% surge in net profit to Rs 2,165 crore for the fiscal year ending March 2025, up from Rs 1,552 crore the previous year.

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The company also recorded its highest-ever loan sanctions at Rs 51,124 crore and disbursements at Rs 28,501 crore, with cumulative sanctions and disbursements reaching Rs 3.06 lakh crore and Rs 1.56 lakh crore, respectively, as of March 31, 2025.

Srivastava’s appointment signals continuity in IIFCL’s mission to drive India’s infrastructure growth, leveraging his expertise in public-private partnerships and transaction advisory.

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