IFCI Limited , a government-owned development finance institution, has announced the appointment of Shri Rajeev Sachdev as an Additional Director (Non-Executive-Non-Independent) to its Board of Directors, effective August 25, 2025. This strategic move brings a wealth of experience in the insurance and financial services sector to IFCI's leadership team.

Extensive Experience in Financial Services

Rajeev Sachdev, who holds a B.Sc. in Physics, brings over 37 years of experience to his new role at IFCI Limited. His career journey began on February 22, 1998, when he joined Life Insurance Corporation of India (LIC) as a 16th Batch Direct Recruit Officer. Throughout his tenure, Sachdev has held key positions across various departments, demonstrating a comprehensive understanding of the insurance industry and other financial products, including housing finance and credit cards.

Diverse Roles and Responsibilities

Sachdev's career has been marked by diverse experiences across India. He has worked in various capacities at branch, divisional, and zonal offices, as well as at the corporate office of LIC. His professional journey also includes stints with LIC Housing Finance Limited, an associate of LIC, and as an Insurance Ombudsman, further broadening his expertise in the financial sector.

Current Leadership Role

Prior to joining IFCI's board, Sachdev has been serving as the Director and Chief Executive of LIC Cards Services Limited, a wholly-owned subsidiary of LIC of India. This position underscores his leadership capabilities and strategic vision in the financial services domain.

Contribution to IFCI's Board

IFCI Limited's decision to appoint Sachdev to its board aligns with its commitment to strengthening its leadership with experienced professionals. His extensive background in insurance, housing finance, and credit services is expected to bring valuable insights to IFCI's operations and strategic direction.

Regulatory Compliance

In compliance with regulatory requirements, IFCI Limited has confirmed that Rajeev Sachdev is not debarred from holding the office of Director by any SEBI order or any other authority. Additionally, the company has stated that Sachdev is not related to any existing member of IFCI's Board of Directors, ensuring independence in his role.

The appointment of Rajeev Sachdev as an Additional Director marks a significant addition to IFCI Limited's board, potentially enhancing the company's expertise in navigating the complex landscape of development finance and related financial services.

IFCI , a prominent financial institution, has reported a significant turnaround in its financial performance for the first quarter. The company posted a consolidated net profit of 624.00 million rupees, marking a substantial improvement from the 880.00 million rupees loss recorded in the same period last year.

Revenue Growth and Improved Profitability

The company's revenue saw a modest increase, rising to 4.07 billion rupees from 4.00 billion rupees year-over-year. This uptick in revenue, coupled with improved operational efficiency, contributed to IFCI's return to profitability.

Enhanced Operational Performance

IFCI's operational performance showed notable improvement, with EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rising to 1.93 billion rupees from 1.78 billion rupees in the previous year. This represents an increase of approximately 8.43% in EBITDA.

Margin Expansion

The company's EBITDA margin also saw a positive trend, improving to 47.30% from 45.81% in the previous year. This 149 basis point expansion in EBITDA margin indicates enhanced operational efficiency and cost management.

Financial Overview

All financial figures in million rupees, except for percentages

The financial turnaround demonstrated by IFCI in this quarter reflects the company's efforts to improve its operational performance and profitability. The shift from a significant loss to a substantial profit, along with improvements in revenue and EBITDA, suggests a positive trajectory for the company's financial health.