Management Board

Hari Sankaran
Vice Chairman & Managing Director

Mr Hari Sankaran joined IL&FS as Chief Economist and was subsequently appointed as Manager of the Delhi branch in 1993. He was appointed as Executive Director (Infrastructure) of the company in 1998. Mr Sankaran was elevated to Joint Managing Director in July 2004, Managing Director in May 2006, and Managing Director & Chief Executive Officer in May 2007, before being named Vice Chairman & Managing Director in January 2011.

Arun Saha
Joint Managing Director & CEO

Mr Arun K Saha joined the company in 1988. He was appointed as Executive Director of the company in February 1995 and was subsequently elevated to Deputy Managing Director in May 2006, Joint Managing Director in May 2007, and Joint Managing Director & CEO in January 2011.

He is an Associate Member of Institute of Chartered Accountants of India, and Institute of Company Secretaries of India. Mr Saha holds a Master's degree in Commerce, and has also completed the Advanced Management Programme from the Wharton Business School, University of Pennsylvania.

Vibhav Kapoor
Chief Investment Officer

Mr Vibhav Kapoor is the Chief Investment Officer of the IL&FS Group since 2002. He oversees the strategic investment decisions of the Group including managing the Proprietary Equity Portfolio of the company. He spearheads the Group’s initiatives to monetize strategic assets through initiation of Joint Ventures, IPOs and disinvestments.

Mr Kapoor was a Member Secretary of the National Committee that recommended setting up of the National Stock Exchange. He has been an active speaker in various Capital Market Forums and several of his articles have been published. He is also a member of Belgo-Indian Chamber of Commerce & Industry in India. He holds a Master’s degree in Business Administration from Simla.

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Ramesh Bawa
Managing Director & CEO, IL&FS Financial Services

Over three decades of experience in the banking sector, Mr Ramesh C Bawa has built successful relationships with banks, finance organisations and insurance institutions at the domestic as well as international level. His focused, innovative and goal-driven approach keeps the company on a constant path of growth. 

Mr Bawa holds a Post Graduate Diploma in Personnel Management & Industrial Relations as well as a Masters Degree in Political Science.

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K Ramchand
CEO, IL&FS; Managing Director, IL&FS Transportation

Mr K Ramchand is the Chief Executive Officer of IL&FS, and Managing Director of its subsidiary IL&FS Transportation Networks Limited (ITNL). He has more than 35 years of experience in infrastructure development using Public Private Partnerships, innovative project financing, current engineering and planning practices, and in working with governments to improve policy frameworks.

Mr Ramchand has been on the boards of various companies within and outside of the IL&FS Group, and on committees of various Industry Associations including FICCI and CII. He is the currently the Chairman of FICCI Infrastructure Committee and BRICS Business Council Working Group on Infrastructure. He holds a Bachelor’s degree in Civil Engineering from Madras University and a post-graduate degree in Development Planning from the School of Planning, Ahmedabad.

Board of Directors

Sunil Behari Mathur - Non-Executive Chairman, IL&FS
Independent Director (Appointment letter)
Hari Sankaran
Vice Chairman & Managing Director, IL&FS
Arun K Saha
Joint Managing Director & CEO, IL&FS
Hemant Bhargava
Nominee Director, Life Insurance Corporation of India
Praveen Kumar Molri
Nominee Director, Life Insurance Corporation of India
Kiyoshi Fushitani
Nominee Director, ORIX Corporation, Japan
Harukazu Yamaguchi
Nominee Director, ORIX Corporation, Japan
Sanjeev Doshi
Nominee Director, Abu Dhabi Investment Authority (AIDA)
Bijendra Kumar Singhal
Nominee Director, Central Bank of India
Chalasani Venkat Nageswar
Nominee Director, State Bank of India
Ravindra Chandra Bhargava
Independent Director (Appointment letter)
Michael Pinto
Independent Director (Appointment letter)
Jaithirth Rao
Independent Director (Appointment letter)
Rina Kamath
Independent Director (Appointment letter)
Kiyokazu Ishinabe
Alternate Director to Mr K Fushitani
Ikuo Nakamura
Alternate Director to Mr H Yamaguchi