Rahul Bhave Appointed as MD & CEO of IFCI
.
| Category | Details |
|---|---|
| New Appointment | Rahul Bhave appointed as MD & CEO of IFCI. |
| Tenure | Three years from the date of assuming office. |
| Previous Role | Deputy Managing Director of IFCI. |
| Approval Authority | Appointments Committee of the Cabinet (ACC), headed by the Prime Minister. |
| About IFCI | Established on July 1, 1948, as India's first development financial institution. |
| Recent Initiative | Finance Ministry approved the Consolidation of IFCI Group in November 2024. |
| Merging Entities | IFCI Ltd, StockHolding Corporation of India Ltd, IFCI Factors Ltd, IFCI Infrastructure Development Ltd, IIDL Realtors Ltd. |
| Subsidiaries | StockHolding Services Ltd, IFCI Financial Services Ltd, IFIN Commodities Ltd, IFIN Credit Ltd. |
| Direct Subsidiaries | StockHolding Document Management Services Ltd, StockHolding Securities IFSC Ltd, IFIN Securities Finance Ltd, IFCI Venture Capital Funds Ltd, MPCON Ltd. |