Board of Directors

Mr. Surya  Prakash Rao Pendyala

Mr. Surya  Prakash Rao Pendyala


Mr. Prakash Rao is Executive Director- Investments in NIIF. He has over three decades of experience in the Indian financial system, in areas including corporate finance, project finance, infrastructure lending, infrastructure investments, and credit risk management.

In his most recent role before joining NIIF, Mr. Prakash Rao was the Chief General Manager at State Bank of India (SBI). He was also the Deputy CEO of SBI Macquarie Infrastructure Fund (USD 1.2 billion), where he was instrumental in the fund’s investments into airports, telecom towers, thermal power, small hydro, and transportation sectors.

He is a Cost and Management Accountant, having passed with a Merit Certificate, and holds a Diploma in Business Finance.

Mr. Rajiv Dhar

Mr. Rajiv Dhar

Nominee Director of National Investment and Infrastructure Fund II

Mr. Rajiv Dhar is Chief Operating Officer at NIIF. He has over 30 years of experience in managing diverse business operations across multiple sectors, with a proven record of accomplishment in Corporate Finance and Investment Management (Venture and Growth Equity).

Before joining NIIF, Mr. Rajiv Dhar was Executive Director with Omzest Group. Prior to that - from 1995 to 2009 - Mr. Dhar worked with the Tata Group, spending five years in the Group’s Head Office as Vice President of Tata Industries Ltd (TIL).

He is a commerce graduate, and member of the Institute of Chartered Accountants of India. He has attended the Executive Development Program at Wharton Business School and the Leadership Management Program at Harvard Business School.

A K T Chari

Mr. A K T Chari

Nominee Director of National Investment and Infrastructure Fund II

Mr. A.K.T Chari was an Advisor at IDFC Project Finance. A keen Project Finance Specialist, he has over 35 years of experience.

Prior to joining IDFC, Mr. Chari worked with the Industrial Development Bank of India (IDBI) for 25 years where he held the position of Chief General Manager/Adviser - Corporate Finance. In this role, his responsibilities included appraisal of projects - infrastructure and industrial, project monitoring and portfolio management in the SME and venture capital sectors. He has been on the board of directors various boards as an Independent Director such as HDFC Pension Management Company Limited.

Ritu Anand

Ms. Ritu Anand

Independent Director

Ms. Ritu Anand has served as Group Head, Chief Economist and Principal Advisor at IDFC Limited. Ms. Anand has over 35 years of extensive experience in working with financial institutions, multilateral development agencies and government and regulatory authorities in the areas of economics and public policy.

She served as Chief Economic Advisor and Deputy Managing Director of State Bank of India. Ms.Anand served as the Lead Economist at World Bank, Washington DC, U.S.A.

She serves as member of the advisory board of the Aston Business School, University of Aston, Birmingham, UK and is also a part of the Governing Council of the CUTS Institute of Regulation and Competition. Ms. Anand holds a Masters degree in Economics from the London School of Economics and Bachelor degree in Arts from Wellesley College, Massachusetts and St. Xavier's College, Mumbai.

Suresh Menon

Mr. Suresh Menon

Nominee Director of HDFC Limited

Mr. Suresh Menon is the Member of Executive Management of HDFC Limited and is responsible for Policy Implementation and Process of Monitoring, Internal Audit and Information Technology – User Support Group. He has been associated with HDFC Limited since 1984. He is a member of the Risk Management Committee of HDFC Limited and a Director on the Board of HDFC Property Ventures Limited. He was also deputed as the CEO of HDFC General Insurance Company in 2007-2008.

He is currently co-ordinating the consultancy and training assignments with Sarana Multigriya Finansial - Indonesia which is a mortgage refinance company set up by Central Bank of Indonesia. He is also a member of the core faculty at the Frankfurt School of Finance and Management, Germany – Housing Finance Summer Academy.

Mr. Menon holds a Bachelor’s degree in Commerce and a Master’s degree in Business Administration.