National Investment and Infrastructure Fund Ltd (NIIFL) has appointed Rajiv Dhar, Executive Director and Chief Operating Officer as its Chief Executive Officer and Managing Director on an interim basis.The planned succession follows Sujoy Bose’s request to relieve him from his current responsibilities as MD and CEO. Dhar has been Executive Director and Chief Operating Officer, has been part of NIIF since 2017.
The government had set up the Rs 40,000 crore in December 2016 as an investment vehicle for funding commercially viable greenfield, brownfield and stalled projects. It was envisioned as a mother fund with several sectoral feeder funds. Dhar, with over 30 years of experience during this period, he has been instrumental in steering some of the key milestones and achievements of the company. NIIFL manages over $4.3 billion of equity capital commitments across its three funds Master Fund, Fund of Funds, and Strategic Opportunities Fund, each with a distinct investment strategy committed to supporting the country’s growth needs.