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IL&FS Investment Managers Limited (IIML), a subsidiary of Infrastructure Leasing & Financial Services Limited (IL&FS), is one of the oldest and largest private equity fund managers in India and has raised and managed over $3.5 billion. IIML has been an early and in many instances, the first investor across various sectors such as Telecom, City Gas Distribution, Shipyards, Retail, and Media. Funds managed by IIML now span General Purpose Private Equity, Real Estate and Infrastructure. Investors to IIML managed Funds include most of the major Indian Banks & Institutions, and marquee Global Institutional Investors including major U.S. Pension Funds, Endowments, Foundations and SWFs.
Mr. Kaushik Modak
Director
Mr Kaushik Modak is currently serving as Non-Executive Nominee Director of Infrastructure Leasing & Financial Services Limited of the Company. Mr Modak is a qualified Chartered Accountant. Mr Modak was the CEO & Country Head of Rabobank India. He also worked for Bank of America as the Principal & Head – Debt Capital Markets in India and at Kotak Mahindra Finance as the VP & Head – Fixed Income Securities Group. Mr Modak is currently serving as the CEO of IL&FS Financial Services Limited
Ms. Lubna Ahmad Usman
Executive Director and Chief Executive Officer & Chief Financial Officer
MBA (S.I.E.S College of Management Studies)
Ms Lubna Usman is currently serving as Executive Director and Chief Executive Officer & Chief Financial Officer of IL&FS Investment Managers Limited. Ms Usman is a senior management professional with more than 24+ years of experience in providing strategic leadership, project finance, debt restructuring and treasury management across banking and non-banking finance companies. At Infrastructure Leasing & Financial Services Limited, her key responsibilities included debt structuring, project finance and corporate fund raising through capital market and other debt instruments across infrastructure verticals.
Mr. Chitranjan Singh Kahlon
BoardIndependent Non-Executive Chairman
Diploma (University of Birmingham), MA (Punjab University)
Mr Chitranjan Singh Kahlon is currently serving as the Independent Non-Executive Chairman of the Company. Mr Kahlon has a Diploma from the University of Birmingham, United Kingdom and Master of Arts from Punjab University. He is also a Member of the Indian Revenue Service. Mr Kahlon served as a member of Central Board of Direct Taxes, Government of India and as an Executive Director of Securities & Exchange Board of India and has worked in various capacities in the Indian Revenue Service. Mr Kahlon has hands-on experience in the field of Capital Market and is familiar with Tax administration in India particularly with regard to Tax policy.
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Mr. Gaurav Khungar
BoardNon-Executive Nominee Director of IL&FS
MBA (University of North Carolina)
Mr Gaurav Khungar is currently serving as Non-Executive Nominee Director of Infrastructure Leasing & Financial Services Limited of the Company. Mr Khungar has completed his Masters of Business Administration (Post Graduation) from the University of North Carolina, USA. Mr Khungar's current role requires operations and asset management of a portfolio of IL&FS entities. Mr Khungar is designated as a CEO at IL&FS. Prior to his current role, Mr Khungar held very senior positions with the Big Four Firms and Financial Services Companies. Mr Khungar has over 26 years of experience in managing all aspects of a business/portfolio of investments.
Mr. Munish Kumar Saraogi
BoardIndependent Non-Executive Director
Chartered Accountant, Bachelor of Commerce
Mr Munish Kumar Saraogi is currently serving as an Independent Non-Executive Director of the Company. Mr Saraogi is a qualified Chartered Accountant and also holds a degree in Commerce. Mr Saraogi has over three decades experience. Mr Saraogi was National Director Price waterhouse Coopers for more than 3 years, Director with Deloitte and worked with EY for more than 20 years. He has specialization in Audit as per IAS & IGAAP, along with Technical Expertise over Accounting Standards & Auditing Standards as recognized by ICAI, EY & PWC.
Ms. Priya Prempal Shetty
BoardNon-Executive Nominee Director of IL&FS
MMS, B.Com
Ms Priya Shetty is currently serving as Non-Executive Nominee Director of Infrastructure Leasing & Financial Services Limited of the Company. Ms Shetty has completed her Masters in Management Studies from Sydenham Institute of Management, Mumbai University and holds a Bachelor of Commerce Degree from Sydenham College, Mumbai University. Ms Shetty is currently deputed as CEO of IL&FS Securities Services Limited. She was Executive Director heading Kotak's Advisory and Capital Markets practice in Financial Services and Healthcare Sectors before joining IL&FS. Ms Shetty has over two decades experience in investment banking.
Ms. Jayashree Ramaswamy
BoardDirector (Group Chief Financial Officer of IL&FS)
Fellow Member ICAI, Associate Member ICMA, Associate Member ICSI, Certified Public Accountant (Delaware, USA)
Ms. Jayashree Ramaswamy is currently the Group Chief Financial Officer of IL&FS and also holds the CFO position in IL&FS Financial Services Limited. She is responsible for helping the Board in finance matters while it undertakes the resolution activities. She joined IL&FS Group in September 2019. She has over 36 years of experience in leading the finance function across diverse industries including IT, Financial Services and Information Services.
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