Board of Directors
India Infradebt Limited is promoted by leading banks and financial institutions. The major Shareholders are ICICI Bank, Bank of Baroda, Citicorp Finance India Limited and Life Insurance Corporation of India Limited.

The composition of Board of Directors


Ms. Gupte joined ICICI in 1971 and has acquired a wide range of experience in the areas of strategic planning, project finance, leasing, resources and treasury, and credit operations. She was appointed Executive Director of ICICI Ltd. in 1994 and subsequently became Deputy Managing Director and Joint Managing Director of ICICI Ltd. and ICICI Bank. She retired from ICICI Bank in October 2006. Ms. Gupte holds a Bachelor of Arts degree (Economics Honors) and a Master's degree in Management Studies from the Jamnalal Bajaj Institute of Management Studies, University of Mumbai.


Mr. Chitale joined the Board of India Infradebt Limited on February 23, 2015. He is the Chairman of the Audit Committee and a member of the Board Governance, Remuneration and Nomination Committee, Board Credit & Risk Committee, Corporate Social Responsibility Committee and IT Strategy Committee.

Qualified as a Chartered Accountant in 1974, he is the Senior Partner of M.P. Chitale & Co., a leading Mumbai based CA firm with international affiliations. Mr. Chitale's professional experience encompasses Corporate Financial Management, Accounting and Auditing with sector specialization in Banking and Finance and SME enterprises. He is also professionally involved in Business Negotiations and Commercial Dispute Resolution (Mediation/Conciliation & Arbitration) and is an Accredited Mediator of CEDR (UK). He is passionate about propagating the practice of ADR in India through the Indian Council for Dispute Resolution, which he co-founded.

He has served on expert committees set up by Government and professional bodies such as The Institute of Chartered Accountants of India, Securities & Exchange Board of India, Reserve Bank of India, Insurance Regulatory and Development Authority of India, and Indian Banks' Association.

Mr. Chitale has, in the past, held board positions in Finolex Industries, NCDEX, GMR Infrastructure Limited, JSW Steel Limited, JSW Energy Limited, GMR Vemagiri Power Generation Limited, Janalakshmi Financial Services Pvt. Ltd. etc., and he currently serves on the boards of several prominent companies such as ICICI Bank Limited, other companies of ICICI Group, Axis Mutual Fund Trustee Limited, etc.


Mr. Arun Tiwari has over 38 years of professional experience in banking and financial market operations. He holds post-graduate degree in chemistry and a certificate in computer programming. He has served as the Chairman and Managing Director (CMD) of Union Bank of India, a premier Public Sector Bank from Dec 2013 to June 2017. He has also served as an Executive Director of Allahabad Bank. Prior to that, he has spent 33 years in diverse functions and roles at Bank of Baroda and left Bank of Baroda as a General Manager (GM). Mr. Tiwari as the Corporate GM (Wholesale Banking) at Bank of Baroda was responsible for the entire wholesale portfolio (including infrastructure) of the Bank.


Ms. Nina Nagpal has held various leadership positions in the Financial Services/Securities Markets in India and carries breadth and depth of experience across NBFC, Market Infrastructure Institutions and Investment Banking. She is currently the Managing Director of Citicorp Finance (India) Limited - a Citigroup company which is a ND-SI NBFC. Citicorp Finance (India) Limited portfolio includes both retail and wholesale assets. During 2010-13, she was the Managing Director of Morgan Stanley Capital Pvt. Ltd - a RBI licensed NBFC. She was on the Board of this company and several other Morgan Stanley companies in India. She has been an advisor to the United States Agency for International Development (USAID) in the area of Securities Market and Financial Service sector. She has also been on the Board of the Services Company of Citigroup in India. She has been active on Industry bodies and professional associations.


Mr. Suvek Nambiar is the Managing Director and CEO of India Infradebt Limited (Infradebt), the first Infrastructure Debt Fund (IDF) NBFC to commence operations in India. Infradebt has been set-up by ICICI Bank Limited, Bank of Baroda, Citicorp Finance (India) Limited and Life Insurance Corporation of India.

Mr. Suvek has over 28 years of experience across various leadership roles in Infradebt, ICICI Bank Limited and ICICI Limited. He started his career with the project finance group at ICICI Limited and was extensively involved in the structuring and financing of the first private sector projects in infrastructure in India. After leading the structuring and financing of infrastructure projects for about nine years, he was one of the key resources who led the initiative to start the international business of ICICI Bank, heading the Singapore branch for over four years. Subsequently Mr. Suvek was the MD & CEO of ICICI Bank UK PLC for over four years and returned to Mumbai in mid-2012 as a Senior General Manager with ICICI Bank Limited leading the efforts to set up the first IDF NBFC. He has a bachelor’s degree in electronics and communication engineering, and a post graduate qualification by way of PGDM from the Indian Institute of Management, Bangalore, India.