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IDFC Foundation

About Us

IDFC Foundation is a wholly-owned subsidiary of IDFC and was set up in March 2011 as a not-for-profit company under Section 25 of the Companies Act, 1956 to oversee and coordinate the various development activities being pursued by IDFC Group. The objective of the Foundation is to ensure that CSR activities are skilfully and inextricably woven into the fabric of the Group’s business strategy and ensure that the Group meets its core objective of creating value for all stakeholders.

Effective April 2014, (post the enactment of the Companies Act, 2013), IDFC Foundation has been acting as the Implementing Agency for the CSR agenda of IDFC Group.

About us

IDFC Institute

IDFC Institute has been set up as a research-focused think / do tank by IDFC Ltd to investigate the political, economic and spatial dimensions of India's ongoing transition from a low-income state-led country to a prosperous market-based economy

Broadly, we support the notion of well–regulated free markets, and support inquiry into practices that result in greater, more efficient and equitable development. We provide in-depth, actionable research and recommendations that are grounded in a contextual understanding of the political economy of execution.

Our research is structured around three pillars: Urbanisation, Jobs / Livelihoods, and State Capacity and Governance.

To know more about IDFC Institute click here

  • Urbanisation Urbanisation
  • Urbanisation Jobs & Livelihood
  • Governance Governance

Resources

  • Sustainability
    report
  • Financial
    Report
  • Related party
    transactions policy

Sustainability report

Our endeavor is to always make sure that our day-to-day activities have positive economic, environmental and social impacts. You can view our sustainability reports by downloading them.

Financial Report

You can view our Financial Statements here

Related party transactions policy

We have always been committed to good corporate governance practices, including matters relating to Related Party Transactions. You can view our policy here

Key announcements

Joint ventures

IDFC Foundation also oversees the operations of the joint ventures with the State Governments of Karnataka and New Delhi. These are:

(i) Infrastructure Development Corporation (Karnataka) Limited (iDeCK); and

The importance of well-planned, future-ready infrastructure and infra projects was the catalyst for Infrastructure Development Corporation (Karnataka) Limited (iDeCK). A joint venture between IDFC Foundation, Government of Karnataka (GoK) and Housing Development Finance Corporation Limited (HDFC), iDeCK is built on the stability of a dynamic government department and the impetus of pioneers in infrastructure strategy. Since the year 2000, iDeCK has been working closely with governments, its departments and agencies as well as private sector clients across the globe for development of infrastructure in transportation, tourism, urban development, social infrastructure, industrial infrastructure and renewable energy. iDeCK also assists governments in the policy development, law making and in capacity building activities".

(ii) Delhi Integrated Multi-Modal Transit System Limited (DIMTS).

A joint venture between IDFC Foundation and Government of National Capital Territory of Delhi (GNCTD), DIMTS provides specialised end-to-end policy, technical and transaction advisory solutions in the transportation realm. It assists the Government and private clients in the development and improvement of public transport systems in several cities across India and in developing countries through a range of services like Transport planning, Intelligent Transport Systems, Infrastructure Engineering, Railways, Transport Technologies, Information technology, Transaction Advisory and operations. It has been generally acknowledged that the involvement of these agencies has made a substantial difference to the way PPPs have been used to develop infrastructure in India.

Contact us

Registered Office:

IDFC Foundation
The Capital Court, 6th Floor,
Olof Palme Marg, Munirka,
New Delhi 110067
Tel.:+91 11 4331 1000

Email us at : foundation@idfc.com

Connect with us

Anil Baijal

Anil Baijal

NON-EXECUTIVE CHAIRMAN &
INDEPENDENT DIRECTOR

Mr. Anil Baijal joined the Indian Administrative Service in 1969. He retired from the service in October, 2006 as Secretary, Ministry of Urban Development, Government of India. While in that Ministry, he anchored the designing and roll-out of the flagship programme of Jawahar Lal Nehru National Urban Renewal Mission (JNNURM) with federal grant equivalent of about Rs. 60,000 crore, for improvement of infrastructure and provision of basic services in urban areas of India.

In his long service career spanning over 37 years, Mr. Baijal held various important assignments like that of the Union Home Secretary, Chairman & Managing Director, Indian Airlines, Chief Executive Officer, Prasar Bharti Corporation (Broadcasting Corporation of India), Vice-Chairman, Delhi Development Authority, Development Commissioner, Goa and Counselor in-charge of Indian Aid Programme in Nepal.

Dr. Ashok Gulati

Dr. Ashok Gulati

INDEPENDENT DIRECTOR

Dr. Ashok Gulati is currently Infosys Chair Professor for Agriculture at the Indian Council for Research on International Economic Relations (ICRIER), which he joined in March, 2014. During March 2011-February 2014, he was Chairman of the Commission for Agricultural Costs and Prices (CACP), a body responsible for recommending Minimum Support Prices (MSPs) of 23 important agri-commodities to Government of India. Prior to this, Dr. Gulati was Director at the International Food Policy Research Institute (IFPRI) for more than 10 years (January 2001-February 2011).

Before joining IFPRI, he also served as NABARD Chair Professor at the Institute of Economic Growth, and Chief Economist at the National Council of Applied Economics Research in India. He has his M.A. and Ph.D. in Economics from the Delhi School of Economics (India). Dr. Gulati has been deeply involved in agri-policy analysis and advice in India. He has been a member of the Prime Minister’s Economic Advisory Council; a member of the State Planning Board of Karnataka; and a member of the Economic Advisory Committee of the Chief Minister of Andhra Pradesh; and a member of several expert committees from time to time. He has to his credit more than 10 books on issues related to Asian Agriculture (with a focus on India) from publishers of repute such as Johns Hopkins University Press, Oxford University Press, Mac Millan, Academic Foundation, etc. He has published widely in international and Indian journals, and is a prolific writer in media as well.

He has been recently awarded Padma Shri by the Government.

Sonalde Desai

Sonalde Desai

INDEPENDENT DIRECTOR

Sonalde Desai is a Professor of Sociology at University of Maryland with joint appointment as a Senior Fellow at the National Council of Applied Economic Research (NCAER), New Delhi. She received Ph.D. from Stanford University and post-doctoral training at University of Chicago and The RAND Corporation. She is a demographer whose work deals primarily with human development in developing countries with a particular focus on gender and class inequalities. She studies employment, education and maternal and child health outcomes by locating them within the policy discourse and political economy of the region. While much of her research focuses on India, she has also undertaken comparative studies across South Asia, Latin America and Sub Saharan Africa.

She has published articles in a wide range of sociological and demographic journals and frequently writes for newspapers. Presently she is leading a large nationally representative panel survey, India Human Development Survey, at NCAER.

Dr. N S Rajan

Dr. N S Rajan

CEO, IDFC Foundation

Dr. Rajan leads the Human Resources, Marketing and the Community Engagement agenda for IDFC Bank.

Dr. Rajan was Group CHRO and member of the Group Executive Council of Tata Sons. He also served as a nominee of Tata Sons on boards of various Tata companies. Prior to joining the Tatas, Dr. Rajan was Global Leader of the People & Organization practice of Ernst & Young, where he oversaw HR Consulting operations in over 30 countries with a team of over 700 people. He has more than three decades of work experience spanning various line and staff functions.

Dr. Rajan is a graduate in economics from Loyola College, Chennai; a post graduate in business management from XLRI, Jamshedpur; and has a doctorate from IIT Delhi. He was conferred the “Distinguished Alumnus Award” by XLRI, Jamshedpur, where he is also a member of the Board of Governors.

Dr. Rajan is a former National President of the NHRD Network, India's largest HR association. He is a visiting faculty member at IIM-A and XLRI and is the author of ‘Quote Me If You Can,’ a compilation of his thoughts on business.

Sunil Kakar

Sunil Kakar

NON-EXECUTIVE DIRECTOR

Mr. Sunil Kakar is the Chief Financial Officer at IDFC Bank and was named in this position in 2015 pursuant to the transfer and demerger process. He is responsible for Strategic Planning, Finance & Accounts and Investor Relations.

He joined IDFC in 2011 as the Group Chief Financial Officer and was responsible for Finance & Accounts, Business Planning and Budgeting, Investor Relations, Resource Raising and IT. He is also a member of IDFC Group’s Management Committee.

Prior to joining IDFC, Mr. Kakar worked with Max New York Life Insurance Company since 2001, as CFO. He led numerous initiatives including Planning, Investments / Treasury, Finance and Accounting, Budgeting and MIS, Regulatory Reporting and Taxation. As part of the start-up team in Max New York Life, Mr. Kakar was part of the core group responsible for the successful development of the insurance business.

In his previous assignment, he worked with Bank of America for 18 years in various roles, covering Business Planning & Financial Control, Branch Administration and Operations, Market Risk Management, Project Management and Internal Controls. As a CFO from 1996 to 2001, Mr. Kakar spearheaded the Finance function at Bank of America.

Mr. Kakar holds an MBA in Finance from XLRI and a degree in engineering from IIT Kanpur.

Dr. Rajiv Lall

Dr. Rajiv Lall

NON-EXECUTIVE DIRECTOR

Dr. Rajiv Lall is Founder MD & CEO of IDFC Bank since October 1, 2015. Previously, he was Executive Chairman of IDFC Limited.

In his current role at IDFC Bank, Dr. Lall is leading the Bank’s strategy to drive financial inclusion at scale, a key pillar of which is to use technology.

A veteran economist for 30 years, Dr. Lall has been an active part of the finance and policy landscape, both in India and internationally. In his diverse career, he has also held leadership roles in global investment banks and multilateral agencies.His expertise spans project finance, private equity/venture capital, international capital markets, trade, infrastructure and macroeconomic policy issues, with a particular focus on emerging markets including India and China.

Dr. Lall has served on numerous committees of the Government of India and the Reserve Bank of India, including the Raghuram Rajan Committee on Financial Sector Reforms, the High Powered Expert Committee forUrban Infrastructure, the High Level Committee on Financing Infrastructure and theExpert Committee on Modernisation of Indian Railways. He has also servedas India’s representative to the G-20 Working Group on Infrastructure.

Dr. Lall is member of the National Council of the Confederation of Indian Industry (CII) and ASSOCHAM; the Asia Business Council and the City of London Advisory Council for India. He was also President of the Bombay Chamber of Commerce & Industry.

Outside of business related for a, Dr. Lall serves on the Advisory Board of Columbia University Global Centers, South Asia; is a member of the Founders Circle, Brookings, India. He is also Convenor of the Social Impact Council of India and is Founder Chairman of Lok Foundation.

Prior to joining IDFC, Dr. Lall was variously, a Partner with Warburg Pincus in New York; Head of Asian Economic Research with Morgan Stanley in Hong Kong; a senior staff member of the World Bank in Washington, D.C. and of the Asian Development Bank in Manila, as well as faculty member of the Florida Atlantic University Department of Economics.

He is an active speaker and columnist on macro-economic and public policy issues. Dr. Lall earned his BA in politics, philosophy and economics from the Oxford University, and holds a Ph.D. in Economics from Columbia University.

Vikram Limaye

Vikram Limaye

Non-Executive Director

Mr. Vikram Limaye is the Managing Director & CEO of IDFC Limited. He has over 25 years of experience working with Financial Institutions, Global Investment Banks, International Commercial Banks and Global Accounting firms.

Prior to joining IDFC in 2005, Mr. Limaye served Credit Suisse First Boston (CSFB) in U.S.A. in a variety of roles in Investment Banking, Capital Markets, Structured Finance and Credit Portfolio Management. He began his corporate career with Arthur Andersen in Mumbai, after which he worked with Ernst & Young and Citibank N.A. in the Business Advisory Services Group and Global Consumer Banking Group respectively.

Mr. Limaye has broad-based experience across various areas of the financial services landscape. He has been on various boards, government committees and committees of various industry associations.

Mr. Limaye is a Chartered Accountant and holds an MBA degree from the Wharton School of the University of Pennsylvania, U.S.A.

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