National Investment and Infrastructure Fund Limited (NIIFL), a collaborative investment platform backed by the Government of India, has announced the appointment of Mr. Sanjiv Aggarwal as its Chief Executive Officer & Managing Director.
Chosen following a diligent search process conducted by NIIFL’s Board of Directors, Mr. Aggarwal brings extensive experience in the infrastructure and energy sectors. His journey includes a tenure at Actis, a prominent global investor in sustainable infrastructure, where he ascended to a partnership in 2010. His recent responsibilities at Actis involved overseeing energy investments across Asia, particularly in India. Prior to Actis, Mr. Aggarwal held positions at Citigroup and ANZ Investment Bank, focusing on India’s energy and infrastructure domains.
Expressing his thoughts on the appointment, Mr. Aggarwal remarked, “I am honored to lead NIIFL during such a pivotal phase of its journey, given its distinct position in India and immense growth prospects. I am dedicated to building upon NIIFL’s strong legacy, collaborating with its talented team to invest in India’s robust growth narrative and drive value for our stakeholders.”
Mr. Aggarwal is set to assume office in February 2024, succeeding Mr. Rajiv Dhar, who served as interim CEO & MD since May 2023. NIIFL’s Board of Directors acknowledges Mr. Dhar’s remarkable leadership during his interim tenure, attributing the company’s sustained operations and accomplishments to his contributions. Under Mr. Dhar’s guidance, NIIFL achieved significant milestones, including the launch of the India-Japan Fund with the Japan Bank for International Cooperation (JBIC) and forging partnerships with the U.S. government for a substantial green transition fund, alongside devising strategies for successor funds.
The Board extends a warm welcome to Mr. Aggarwal, anticipating a new phase of innovation and growth under his leadership at NIIFL.