In a progressive development in India’s infrastructure financing landscape, Palash Srivastava has officially taken over the additional charge as the Managing Director of India Infrastructure Finance Company Limited (IIFCL), as per the directive of the Ministry of Finance, Government of India. Srivastava, who currently serves as the Deputy Managing Director of IIFCL, brings with him nearly three decades of rich experience across the infrastructure financing and policy advisory ecosystem.
An accomplished professional, Srivastava is an alumnus of Malaviya National Institute of Technology (MNIT), Jaipur, where he earned his degree in Civil Engineering. He further pursued an MBA from the R.A. Podar Institute of Management, Mumbai, equipping him with a strong academic foundation in both engineering and business administration.
Throughout his tenure at IIFCL, Srivastava has been instrumental in steering the institution’s strategic direction. His leadership has significantly deepened IIFCL’s engagement across key areas such as infrastructure project development, financing innovation, and regulatory consultation. Under his guidance, IIFCL has expanded its footprint through strategic collaborations with international institutions and the adoption of innovative financing models tailored to India’s evolving infrastructure needs.
Srivastava has been a prominent face of IIFCL in numerous high-level national and international forums, promoting sustainability, capacity-building, and inclusive growth in infrastructure. His work has contributed to positioning IIFCL as a pivotal institution in driving climate-resilient infrastructure and aligning financial mechanisms with India’s long-term development goals.
Over the course of his career, Srivastava has worked extensively across core sectors including transport, logistics, urban infrastructure, water management, renewable energy, and agri-logistics. His expertise has not only influenced major infrastructure projects but also contributed to national policy development through active participation in initiatives like the National PPP Capacity Building Programme, the Kelkar Committee on Infrastructure Finance, and the 12th Five-Year Plan’s Working Group on Urban Financing.
Before joining IIFCL, Srivastava held key leadership roles in reputed organisations such as the IDFC Group, CRISIL, IL&FS, Feedback Ventures, and the Aditya Birla Group. His broad-based experience across both private and public sector institutions uniquely positions him to lead IIFCL in its mission to accelerate infrastructure development in the country.
With this new responsibility, Srivastava is expected to drive IIFCL’s vision forward by fostering a robust infrastructure financing ecosystem, enhancing investor confidence, and reinforcing the company’s contribution to the government’s infrastructure-led economic growth strategy.