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Chandra Shekhar Rajan appointed as Managing Director of IL&FS

Date: 09 April 2019 Tags: Appointments & Resignations
  • At ILF&S (Infrastructure Leasing & Financial Services) board meeting, chaired by Uday Kotak, Chandra Shekhar Rajan, (earlier a non-executive director of IL&FS), was appointed as its MD (managing director).
  • He will succeed Vineet Nayyar, who will become executive vice chairman.
  • The total outstanding debt of IL&FS is Rs 94,216 crore, of which Rs 48,470 crore is in four holding companies IL&FS, IL&FS Financial Services, IL&FS Energy Development Company Ltd and IL&FS Transportation Networks Ltd.