Board of Directors
Mr. S S Kohli
Mr. Surinder Singh Kohli is an Independent Director on the IDFC Board. Till recently, Mr. Kohli was Chairman & Managing Director of India Infrastructure Finance Company Ltd (IIFCL), a wholly Government of India owned company engaged in the promotion and development of infrastructure.
Under his leadership, IIFCL carved a niche for itself in financing infrastructure projects. Within the short span since commencing operations in April 2006, IIFCL has sanctioned financial assistance of Rs 24,376 crore to 139 infrastructure projects involving a total project cost of over Rs2,00,884 crore, which is probably one of the highest level of financial sanction provided by any financial intermediary in the country to infrastructure. The support of IIFCL has helped in speedier achievement of financial closure of infrastructure projects in sectors like highways, airports, seaports, power etc. Of the projects sanctioned, 127 projects have achieved financial closure. The company has signed MoU with 28 banks/institutions for deal flows and participation in financing arrangements. IIFCL has recently been conferred with the “ Most Admired Infrastructure Financier 2010” by KPMG-Infrastructure Today.
Taking the initiative further, IIFCL has set up of IIFC (UK) Ltd, a wholly owned off-shore subsidiary in London. The subsidiary would provide foreign currency loans to Indian companies engaged in development of infrastructure, to meet their capital expenditure outside India. The company has sanctioned USD 1.6 billion to 13 projects.
Mr Kohli has long experience as a banker, spanning 40 years having held position of Chairman and Managing Director of Punjab & Sind Bank and Punjab National Bank. PNB is the third largest bank in India. During his chairmanship, he undertook total transformation of the banks. Under his leadership, PNB became a techno-savvy bank by implementing core banking solution and introducing various technology-based products and services. Resultantly, PNB became the Number One bank among the nationalized banks in terms of assets, asset quality, technology, profit after tax and RoA. PNB also emerged as one of India’s Most Trusted Brands and the PNB Group floated three IPOs during his tenure which were highly successful.
Mr Kohli has held the chairmanship of Indian Banks’ Association, a forum for promoting the interest of banks for two terms and has chaired several committees associated with financial sector policy. The committees he chaired dealt with variety of issues relating to SME financing, willful default in loans, financing sugar industry, Human Resources Development in the banking industry and reconstruction of distressed small industries, etc.
A recipient of several awards including the Wharton-Infosys Ltd “Enterprise Transformation Award for Technology”, He now holds directorship in various institutions in India.