IFCI Limited has announced the appointment of Manikumar Sivaramakrishnan as Deputy Managing Director (DMD) on its Board, effective April 6, 2026, for a period of three years or until further orders, whichever is earlier. He has assumed charge of the post on the morning of April 6, 2026. The move reinforces IFCI’s leadership team with a senior banker known for strategic planning, financial management and inclusive finance initiatives.
Mr. Sivaramakrishnan brings over three decades of experience in the Banking and Financial Services space, with deep exposure to rural finance, microfinance, financial inclusion and risk management. He is a Fellow Member of the Institute of Cost Accountants of India (FCMA) and holds an MBA in Finance, MS in Banking, an Advanced Post Graduate Diploma in Computer Applications and is a Certified Associate of the Indian Institute of Banking and Finance. His career spans roles at Indian Overseas Bank, NABARD (where he rose to Chief General Manager), and leadership stints such as Chief Operating Officer at NABVENTURES Ltd. and senior positions at the Bankers Institute of Rural Development. At NABARD, he headed Strategic Planning and Product Innovations and later served on the boards of several institutions, including NCDEX, SIDBI, NABSAMRUDDHI Finance Ltd., NABVENTURES Ltd., OPL Finance Ltd. and Sahakar Sarathi Pvt. Ltd.
IFCI notes that Mr. Sivaramakrishnan is not related to any director on the Board. The appointment reflects a talent infusion aimed at strengthening IFCI’s strategic direction and financial inclusion agenda, leveraging his deep background in rural finance, product innovation and risk management. As Deputy Managing Director, he will work alongside the MD and the Board to advance the company’s growth agenda and governance framework, bringing his breadth of experience to IFCI’s evolving financial services portfolio.