IFCI Limited Appoints Manikumar Sivaramakrishnan as Deputy Managing Director
Manikumar Sivaramakrishnan has been appointed as the Deputy Managing Director (DMD) on the Board of IFCI Limited for a term of three years, effective from April 06, 2026. He assumed charge in the forenoon on this date.The appointment followed the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details regarding the change in director and appointment are summarized below:
| Detail | Information |
|---|---|
| Reason for Change | Appointment |
| Date of Appointment/Term | Appointed as Deputy Managing Director w.e.f. April 06, 2026 (forenoon) |
| Director Relationship Disclosure | Shri Manikumar Sivaramakrishnan is related to no Director on the Board Company. |
Professional Profile and Experience
Shri Manikumar Sivaramakrishnan holds the qualifications of a Fellow Member of the Institute of Cost Accountant India (FCMA), alongside an MBA (Finance), MS (Banking), and Advanced PG Diploma in Computer Applications. He is also a Certified Associate of the Indian Institute Banking and Finance.His career spans over three decades within the Banking and Financial Services sector. His areas of expertise include strategic planning, financial management, rural microfinance and financial inclusion, rural infrastructure financing, enterprise management, HR transformation, banking technologies, and the structuring of new financial products.
Manikumar began his professional journey with Indian Overseas Bank in the early 1990s. He later joined NABARD in 1992, where he progressed to the role of Chief General Manager, serving across various geographies and roles. During his tenure at NABARD, he also served as Chief Operating Officer (COO) in NABVENTURES Ltd., the venture capital subsidiary of NABARD, and as a Faculty Member at the Bankers Institute of Rural Development (BIRD Lucknow). At the time of leaving NABARD, he was heading the Bank's Strategic Planning and Product Innovations Department at its Head Office in Mumbai.
He has also served as a Director on the Boards of several institutions, including NCDEX, SINABSAMRUDDHI Finance Ltd. (an NBFC subsidiary of NABARD), NABVENTURES Ltd., OPL Finance Ltd., and Sahakar Sarathi Pvt. Ltd.
IFCI Stock Price Movement
At the close of trade, IFCI Limited is edging higher by 0.93% to trade at ₹52.92. The stock navigated an intraday band between ₹51.51 and ₹53.68, supported by robust trading activity involving nearly 17 million shares.Source:
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