Dr. U. S. Awasthi, Chairman

Dr. Awasthi is the Managing Director of Indian Farmers Fertilisers Cooperative Limited (IFFCO). Dr. Awasthi, a chemical engineer from prestigious Banaras Hindu University, is a world renowned professional and an authority in the global chemical fertiliser sector. With nearly 5 decades of experience, Dr. Awasthi has been instrumental in making IFFCO a global leader in fertiliser production. Under his leadership, IFFCO has made rapid strides on all fronts and has diversified into several sectors like General Insurance, Rural Telephony, Rural Retail, SEZ and Rural Finance amongst others.

He enjoys the unique distinction of serving private, public and cooperative sectors of the fertiliser industry in India. A hallmark of Dr. Awasthi’s tenure at the helm of IFFCO are the high levels of growth and excellent financial results.

Besides IFFCO, Dr. Awasthi serves on the boards of several Indian and global companies and has held several positions in various bodies. He was elected president of International Fertiliser Industry Association (IFA), during 1997-99, which is an organisation of 457 member companies from 80 countries. He was the first Asian to occupy the coveted position of IFA.

Dr. Awasthi, a recipient of several honours and awards for his outstanding contributions and achievements in the fertiliser industry and Indian agriculture has more than 25 papers to his credit and has co-authored a book ‘Fertiliser Industry in India’. In addition to professional interests, Dr. Awasthi is an avid follower of fine arts with special taste for paintings.

Mr. Rakesh Kapur, Director

Mr. Rakesh Kapur holds the position of Director in IFFCO. He has been extensively involved with all the new projects, acquisitions, joint ventures and diversification initiatives of IFFCO from their stage of inception. Mr. Kapur has a keen interest in adoption of ICT for the betterment of the lives of people living in rural India. He has also served the position of the Managing Director of IFFCO Kisan Sanchar Limited, and under his guidance, IFFCO Kisan Sanchar has grown from a fledgling initiative to a sustainable venture.

Mr. Rakesh Kapur is an ex-IRS Officer of 1978 Batch, who held the rank of Commissioner of Income Tax in his parent cadre before he was absorbed in IFFCO in October 2005. He was awarded the “Best Probationer’s Silver Medal” in the IRS Batch by the National Academy of Direct Taxes, Nagpur. He has wide experience in finance, management, business strategy, accounts and taxation. He held various senior assignments in the Government of India, which included Joint Secretary (commercial), Telecom Regulatory Authority of India (TRAI); Director in the Ministry of Chemicals & Fertilizers, Department of Fertilizers; Additional Assessor & Collector, Municipal Corporation of Delhi apart from the postings in the Income Tax Department as Additional Commissioner of Income Tax, Deputy/Jt. Commissioner of Income Tax since 1978. He had also worked in the Technical Services Department of the Indian Oil Corporation Ltd. (Marketing Division) during 1975-78.

Mr. Kapur has travelled widely and participated in various national and international seminars and conferences, and presented papers on different subjects. He has been the Chairman of Fertilizer Association of India and also held the eminent position of being the Chairman of International Fertiliser Association (IFA).

Mr. Kapur holds B. Tech Degree in Mechanical Engineering (First Class with Distinction) from Indian Institute of Technology (IIT), New Delhi and a Post-Graduation in Management.

Mr. Manish Gupta, Director

Mr. Manish Gupta holds a position of Director (Strategy & Joint Ventures) in IFFCO. Mr. Gupta is an alumnus of the prestigious IIT, Delhi and IIM, Kolkata. Subsequently he earned a Bachelor of Law degree from the University of Pune. Before joining IFFCO as a full-time director Mr. Gupta served at senior positions in the Govt. of India as an IRS officer. He has been instrumental in diversification of IFFCO and the restructuring of its several subsidiary companies. Besides IFFCO, Mr. Gupta has served on the Boards of various Public Sector Companies and currently serves on the board of several associate and subsidiary companies of IFFCO. He is responsible for formulating future vision and associated strategy including setting up and managing new ventures and partnerships, acquisition of existing ventures, diversification in new areas etc.

Mr. Devender Kumar, Director

Mr. Devender Kumar holds Bachelor’s Degree in Commerce from Punjab University and is a fellow member of the Institute of Chartered Accountants of India. He joined Indian Farmers Fertiliser Cooperative Ltd. (IFFCO) in the year 1987 and held various positions during his tenure of more than 34 years with IFFCO. He has been associated with wide areas of work related to Corporate Budgeting, Corporate Accounting, Working Capital Management and Audit. He has worked in various Divisions of the Company/Society such as Corporate Office, Plant and Marketing Division besides association with its subsidiaries. He is presently working as Sr. General Manager (Finance & Accounts) and looking after the finance functions of the Society. During his tenure with IFFCO, he has attended various programs on Finance and General Management in India and abroad. He also acts as an active member on the Board and Committees of various subsidiaries of IFFCO in India and abroad.

Prior to joining IFFCO in 1987, he had a brief stint with M/s. Electronic Systems Punjab Ltd. as Accounts Officer from February 1986 to July 1987.

Mr. Sungwoo Han, Director

Mr. Sungwoo Han is an industry professional who comes with 24 years of experience in the Financial Industry. Mr. Han has experience in various banking sectors including Retail, Digital, Auto Finance and Wholesale Lending. He has a deep understanding of the aspects of the Credit Lending business throughout his various experiences in Retail Sales, Customer Management and Cross-Selling.

In July 2020, Mr. Han was appointed as Director of Planning and Management division at NH Capital, a leading NBFC in Korea and subsidiary of holding company NH Financial Group (NHFG). NHFC is the wholly-owned financial group of the National Agriculture Cooperative Federation.

Mr. Han has been with NH Capital since 2010, raising the firm’s lending business from a small business department to one with a significant presence within the firm and in 2017 was rewarded with NH Financer Award, the most coveted award bestowed at NHFG.

Before joining NH Capital, he worked for Hyundai Capital, Hyundai Motor Group’s financial arm as the Head of Cross-Sell center. Before that, he was Branch Lead in regards to the Credit Card business at Citi Bank. Before that, he has worked with LG Card in 1997, which at that time was Korea’s largest Credit Card and Consumer Credit provider and a part of LG Conglomerate.

He holds a Bachelor of Business Administration (BBA) degree from Hanyang University. He is also a Private Banking charter holder with Associate Financial Planner Korea (AFPK), and has several educational qualifications in real estate, AML, personal information protection and marketing among others.

Mr. P. H. Ravikumar, Director

Mr. P. H. Ravikumar is a banker and financial services sector professional with over 48 years of experience – 32 years in banking with Bank of India for 22 years and with ICICI Bank for about 10 years. He was a key member of the founding team of ICICI Bank, initially as Head of Treasury and later as Head of Corporate Banking of ICICI Bank. During this period he served as Senior General Manager with ICICI Ltd., the development financial Institution, as its Head of Corporate Banking for Western and Southern Indian business. Later he served for 5 years as the founding MD & CEO of NCDEX, the national commodity exchange. Thereafter for 4 years he served as the founding MD & CEO of Invent Asset Reconstruction Co. P Ltd., an asset reconstruction company regulated by RBI. In 2012 he Co-founded Vastu Housing Finance Corp. ltd., an affordable housing finance company and was its Chairman of the Board of Directors till July 2017.

Mr. P. H. Ravikumar is currently:

1) Chairman of NSE Data & Analytics International Ltd., a 100% subsidiary of NSE Ltd; the company is an unlisted Company, regulated by SEBI;

2) A member of the Board of Directors and Audit Committee of the Bharat Forge Ltd., the largest forging company in the world. Bharat Forge is a listed Company.

3) A member of the Board of Directors and Chairman of Audit Committee and Nomination Committee of Escorts Ltd. which is a listed Company.

4) A member of the Board of Directors and Audit Committee of Aditya Birla Capital Ltd. which is the holding company for the financial services businesses of the group and is regulated by RBI as a core-investment-company. The Company is a listed company.

5) A member of the Board of Directors and Risk Management Committee of UTI Retirement Solutions Ltd. which is a pension fund regulated by PFRDA. The Company is an unlisted Company with corpus of funds under management of about 50,000 crores, roughly USD. 7.0 billion;

6) A member of the Board of Directors of Aditya Birla Private Equity Advisors Ltd – one of the largest domestic private equity funds in India regulated by SEBI.

7) A member of the Board of Director of ICICI Prudential Trust Limited.

He was earlier on the Board of Directors of Bharat Financial Inclusion Ltd., Vastu Housing Finance Corporation Ltd. , I G Petrochemicals Ltd, Federal Bank, Eveready Industries, L&T Mutual Fund, BOB Capital Markets Ltd and a few other companies.

He is the Chairman of India Advisory Council of Chartered Institute of Securities and Investment, U.K (CISI), a professional training body that is the largest training institute in its domain in the U.K. He is also a member of the Institute’s global Board of Directors at London, the first non European to be so appointed on the Board.

He is a commerce graduate and a certified associate of Indian Institute of Bankers, Mumbai and certified associate of Institute of Bankers, London and an Honorary fellow of Chartered Institute of Securities & Investments, London, and the first Indian to be so honored.

Ms. Manju Agarwal, Director

Ms. Manju Agarwal has a career span of over three decades in the banking sector. She holds a bachelor’s and a master’s degree in arts from the University of Allahabad. She is also a Certified Associate of the Indian Institute of Bankers. Her last assignment with State Bank of India, was the Deputy Managing Director (Digital Banking and New Businesses), wherein she was responsible for rolling out new digital initiatives in the Bank. She was also responsible for Debit Card Strategy, Acquiring Business, Transit solutions, Transaction Banking Business and Government Business of the Bank. Prior to this, she worked as the Deputy Managing Director and Chief Operating Officer – National Banking Group of SBI, wherein her key responsibilities included banking operations, expanding and maintaining distribution network, efficient performance of the delivery platform and improving customer service.

Ms. Agarwal served as Deputy Managing Director at State Bank of India since May 5, 2015. She also served as Chief General Manager of Rural Business for about a year and as General Manager Retail operations in Delhi for about 18 months. She joined State Bank of India as a Direct Recruit Officer in 1983 and also worked in SBI’s Frankfurt office as VP (Trade) for about four years.

Mr. Ranjan Sharma, Managing Director

Mr. Ranjan Sharma in addition to being the Managing Director of IFFCO Kisan Finance Limited, is also a Director on the Board of IFFCO Kisan Sanchar Limited. He has a rich experience in the Indian corporate Sector and has worked extensively in the rural domain. He has profound interest in exploring new concepts and innovative ideas for the development of the country, in particular rural India. He played a key role in formation of IFFCO Kisan Finance Limited and is also one of the founders of IFFCO Kisan Sanchar Limited.

Mr. Sharma conceptualized the idea of floating an NBFC to exclusively service the customers in the deepest rural pockets of India, where farmers predominantly rely on moneylenders thus denying them access to fair and transparent means of finance.

Mr. Sharma has varied experience in the Indian corporate sector spanning over 40 years. He has worked with traditional Indian business houses as well as multinational companies and remained employed in the fertilizer sector for nearly 22 years. His major accomplishments include implementation of mega sized projects, putting together management teams and financial structures for these ventures and setting up systems for running the businesses. He concluded more than a dozen international collaborations during his working career. He has exposure in dealing with top level government functionaries in central as well state governments in agriculture.

After becoming an entrepreneur in 2006, he floated an NBFC under the name and style of Star Global Resources Ltd which invests in diversified businesses after evaluating their long term business potential. Star Global is a Shareholder in both IFFCO Kisan Sanchar and IFFCO Kisan Finance.

Mr. Sharma is a Cost Accountant, Company Secretary and law graduate by qualification.

Mr. Sachin Khandelwal, Chief Operating Officer

Sachin Khandelwal comes to IFFCO Kisan Finance with 28 years of banking, finance, mortgages, and logistics start-up experience. He has previously held leadership roles at Sadhan Enterprise Pvt. Ltd which was his last assignment before joining IFFCO Kisan Finance. Prior to this, his notable assignments include working with Magma Fincorp Ltd playing the pivotal role of setting up the affordable housing finance business, ICICI Bank, where he contributed in scaling up the business to market leadership, across car, two-wheelers, commercial vehicles & tractor loans businesses.
At IFFCO Kisan Finance he plays the critical role of scaling up the tractor finance business across all regions. Mr. Sachin is a Post-Graduate in Marketing Management and has also done B.E in Mechanical Engineering in graduation.

Mr. Rakesh Dhasmana, Chief Financial Officer

Mr. Dhasmana has over 22 years of well-rounded breadth of work experience in various industries in India and abroad. He began his career in the Industry with Indian Farmers Fertiliser Cooperative Limited (IFFCO) in 1999 and worked in various capacities in Finance & Accounts function and was part of various key projects. He has worked in IFFCO’s JV/Subsidiary in Egypt and U.A.E and then worked in IFFCO Tokio General Insurance as Dy.CFO and IFFCO Kisan Sanchar as CFO before joining IFFCO Kisan Finance Ltd. While in IFFCO Kisan Sanchar, he played an important role in the activities pertaining to the promotion of IFFCO Kisan Finance Ltd.

A strong supporter of robust processes, good workplace relations, consensus building and collaborative working, Mr. Dhasmana is a commerce graduate from Delhi University and qualified as a Chartered Accountant (C.A.) in the year 1999.

Mr. Ajay Bans Lal, National Sales Head

Mr. Ajay comes with over two decades of rich experience, mostly in Tractor Finance and Retail Loan business. During his last stint, he was associated with Action Construction Equipment (ACE) as Retail Head and was responsible for scaling the Tractor, Rotavator and Harvester business across India. His earlier assignments include working with HDB Financial Services, Magma Fincorp, TATA Capital and Eicher Tractors. With his perfect blend of experience gained from working in OEM and Rural Finance industries, he’ll be an invaluable asset for IKFL and will be responsible for driving our retail loans business and expand it into new markets. Mr. Ajay hails from Amritsar. He holds a bachelor’s degree in Agricultural Engineering from PAU.

Mr. Dhiraj Gupta, National Credit Manager

Mr. Dhiraj Gupta has an experience of more than 14 years, in depth knowledge of rural finance domain and has worked across NBFC and BFSI sectors in organizations like TVS Credit Services, Axis Bank, HDFC Bank and State Bank of India before joining IFFCO Kisan Finance Ltd. He has profound expertise in product management, credit analysis, IT platform development for rural finance, business development, and team management.

In his previous assignment as Regional Credit Manager at TVS Credit Services Ltd he was responsible for entire rural credit and risk management of Rajasthan. He has won several accolades including famed ICON award for best employee in pan India under category of innovation in rural credit. He has also been Instrumental in successful launching of many projects which helped in establishing tractor finance business in Rajasthan with continuous growth in new and used tractor segment.

Mr. Gupta is a Graduate in Veterinary Science from Rajasthan Agricultural University and JAIIB from Indian Institute of Bankers.

Mr. Vijayandranath Banerjee, National Head Operations 

Mr. Banerjee is a resolute and committed professional having experience of 15 years of Product Diversified Skills in end-to-end customer lifecycle for retail asset lending in rural markets, mortgage lending, auto & two wheeler lending & consumer durables lending.

Mr. Banerjee is experienced in managing and re-engineering the centralized processing centre including process and risk mapping with front end operations, end to end customer lifecycle (from mortgage/lending origination, credit investigation, loan servicing and termination, KYC and other regulatory compliances, designing & monitoring the record management (physical and in digitized formats).

He comes from a background of diversified entities like ICICI, CITI, HDFC & SREI. His previous stint was as Regional Head Operations for North Zone in Srei Equipment Finance Ltd.

He is a star performing professional with experience in business process re-engineering, mapping of business processes to SOP, quality monitoring, new system development and handling improvement projects. He has hands on knowledge of all leading applications like Finnacle (LOS and LMS), Newgen Omniflow (Origination & Collection), Omnidocs, Sungard LMS (Ambit) and CRM.