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

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.

Mr. Vijay Maniar is a fellow member of the Institute of Chartered Accountants (ICAI) and carries 35 years of extensive experience. Presently, Mr. Maniar acts as an Independent Director and Member of Audit Committee of FDC Limited and is associated as an Advisor and Mentor to ASA & Associates. Prior to this, he was associated with S. R. Batliboi & Co. LLP for 22 years. Mr. Maniar has extensive experience of managing statutory audits of listed and unlisted corporates across a multitude of sectors including Finance, Retail, Pharmaceuticals, Chemicals, Packaging, Hospitality, Other Manufacturing and Real Estate companies. He was a special invitee on the Accounting Standards Board of ICAI for two years and has been a Member of the Accounting and Auditing Committee of the Bombay Chartered Accountants Society for more than 15 years. During his initial professional years, he was associated with Maniar & Maniar / Chandrakant Mehta & Associates for setting up their professional practice.

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 26 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.