National Investment and Infrastructure Fund Limited (NIIFL), a collaborative investment platform backed by the Government of India for international and Indian investors, has revealed the appointment of Mr. Sanjiv Aggarwal as the Chief Executive Officer & Managing Director of NIIFL, according to an announcement by its Board of Directors.
Mr. Aggarwal brings substantial expertise in the infrastructure and energy domains. His professional journey includes joining Actis, a prominent global investor in sustainable infrastructure, in 2008, and subsequently achieving the position of partner in 2010. Until recently, he played a key role in overseeing Actis' energy investments in Asia, with a specific focus on India. Prior to his tenure at Actis, Mr. Aggarwal held roles at Citigroup and ANZ Investment Bank, concentrating on the energy and infrastructure sectors in India.
Mr. Aggarwal is set to assume his role as Chief Executive Officer & Managing Director of NIIFL in February 2024, succeeding Mr. Rajiv Dhar, who has been serving as the interim CEO & MD since May 2023. The Board of Directors expresses gratitude to Mr. Dhar for his outstanding leadership during the interim period, which played a crucial role in maintaining the momentum and success of NIIFL's operations. Under Mr. Dhar's guidance, NIIFL achieved significant milestones, including the launch of the India-Japan Fund in collaboration with the Japan Bank for International Cooperation (JBIC), partnership with the U.S. government on a multi-billion dollar green transition fund, and the formulation of strategies for successor funds.
Source: NIIF India