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Mr. Sunil Kakar

Mr. Sunil Kakar

MANAGING DIRECTOR & CEO, IDFC Limited

Mr. Sunil Kakar is the Managing Director & CEO of IDFC Limited. He started his career at Bank of America where he worked for 18 years in various roles, covering Business Planning & Financial Control,Branch Administration and Operations, Market Risk Management, ProjectManagement and Internal Controls. As a CFO from 1996 to 2001, Mr. Kakar spearheaded the Finance function at Bankof America in India. After Bank of America, Mr. Kakar was the CFO at Max New York Life Insurance Company since 2001. He led numerous initiatives including Planning, Investments / Treasury, Finance and Accounting, Budgeting and MIS, Regulatory Reporting and Taxation. As part ofthe start-up team in Max New York Life, Mr. Kakar was a key part of core groupwhich led the successful development of the insurance business.

He joined IDFC in 2011 as the Group Chief Financial Officer and was responsible for Finance & Accounts, BusinessPlanning and Budgeting, Investor Relations, Resource Raising and IT. He was also a member of IDFC Groupís Management Committee. After the demerger of IDFC Ltd and IDFC Bank, he moved to the bank as one of the founding members that led the transition of IDFC into a universal bank. He was a member of the Executive Committee of the bank and led Strategic Planning & Budgeting, Finance & Accounts and Investor Relations at IDFC Bank. Mr. Kakar holds an MBA in Finance from XLRI and a degree in engineering from IIT Kanpur.