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| NIIF appoints Rajiv Dhar as CEO & MD on interim basis |
Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is NIIF appoints Rajiv Dhar as CEO & MD on interim basis.
Our Daily Current Affairs Dose 2023 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.
NIIF appoints Rajiv Dhar as CEO & MD on interim basis
Rajiv Dhar appointed as new CEO & MD of NIIF: National Investment and Infrastructure Fund Limited (NIIFL) has appointed Rajiv Dhar, Executive Director & Chief Operating Officer as the Chief Executive Officer & Managing Director of NIIFL on an interim basis, effective May 11, 2023.
Rajiv joined NIIF in September 2017 and is currently the Executive Director and Chief Operating Officer based in Mumbai.
The government had set up the Rs 40,000 crore NIIF in December 2016 as an investment vehicle for funding commercially viable greenfield, brownfield and stalled projects.
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About Rajiv Dhar CEO & MD of NIIF
Rajiv Dhar has over three decades of rich experience across multiple sectors, including Financial Services, Telecom, Oil & Gas (upstream and downstream), Construction, and Real Estate, spanning across several countries. With an excellent track record of demonstrated leadership in Corporate Finance, Strategic Planning, M&A, cost control, risk management, tax, restructuring and governance segments, he has led several successful capital raising assignments (project recourse and general corporate purposes) and has excellent relationships with leading banks and multilateral finance agencies across the globe.
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Rajiv joined NIIF in September 2017 and is currently the ED and COO based in Mumbai. At NIIF, Rajiv is responsible for managing the company's operations, governance, and compliance verticals and a part of the investment committee.
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Before joining NIIF, Rajiv Dhar served as an Executive Director with Omzest Group, one of the most diversified and respected Group, based out of Oman. At Omzest, Rajiv was responsible for managing strategy and finance functions for the holding company and was on the Board and Committees of crucial portfolio companies of the Group.
During his nine-year stint, he worked on several key projects, managing at Joint Venture/Investment opportunities, formulating the business strategy for the Group, and implementing business sustainability models to address challenges related to growth and profitability.
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Rajiv led the merger of HSBC ME with Oman International Bank. He also led investments in new technologies in such as enhanced oil recovery in the Oil and Gas sector, water, technology, and industrial products.
Before Omzest, Rajiv worked with the TATA Group for 15 years with different entities across varied roles. Rajiv joined TATA Group in 1994 with Tata Petrodyne engaged in Oil and Gas exploration business. He was transferred to Bombay House, Tata Group's HQ, in 1999, where he joined Tata Industries Limited (TIL).
NIIF CEO & MD Rajiv Dhar: Education Life
Rajiv Dhar holds a Bachelor in Commerce with Honours from Delhi University and is a member of the Institute of Chartered Accountants of India. He has also completed his Executive Development Program from Wharton Business School and Leadership Management Program at Harvard Business School.
About NIIF
National Investment and Infrastructure Fund Limited (NIIFL) is a collaborative investment platform for international and Indian investors anchored by the Government of India.
NIIF manage over USD 4.3 billion assets under management through our funds: Master Fund, Fund of Funds and Strategic Opportunities Fund.
The objective of forming NIIF organization was to catalyze capital in the country and support its development needs in sectors of importance.
Important facts for upcoming exams from the above Current Affairs Topic
- Full form of NIIF: National Investment and Infrastructure Fund
- Formation of NIIF: February 2015
- Headquarters of NIIF: Mumbai
- CEO of NIIF: Rajiv Dhar
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