“To promote financial inclusion, by assisting the common man in making informed investment choices, through mutual funds and thus bring to him, the prosperity of the capital markets.”

 

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Mr. Rakesh Sharma
-Chairman
(DIN: 06846594)

Shri Rakesh Sharma, a Post graduate in Economics and a CAIIB, is a career Banker with 4 decades of Banking Experience. He started his career as a Probationary Officer with State Bank of India and worked in the areas of Retail Banking, Corporate, International Banking and Credit. He moved to Lakshmi Vilas Bank Ltd. as MD & CEO in March 2014. In September 2015 he moved to Canara Bank as MD & CEO. Presently, he is MD & CEO of IDBI Bank Ltd. since October 2018.

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Mr. Jorty M. Chacko
-Nominee Director
(DIN: 08307961)
Jorty M Chacko, a post graduate in Commerce and Associate of IIBF is a career banker with 2.5 decades of experience in commercial Banking.  He has started his career in banking with Federal Bank Ltd and gained experience in branch banking, treasury and risk management.  He was a dealer in treasury for 5 years and contributed handsomely to the bottomline of the Bank.  On joining the erstwhile IDBI Bank Ltd as senior Manager in the year 2000 he has been handling branch banking, operations and sales management in various capacities.  At present he is Executive Director in charge of retail Banking with assignments of Retail Asset business, Credit card business and Third Party Distribution.  Important positions held by him prior to this includes National Sales Head, Zonal Head South and General Manager – Business for West I (Mumbai) Zone, Head – Branch Operations etc.  He is 55 years old and hails from Kochi Kerala.  His other interests are literature andmusic.
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Ms. Geeta P. Shetti
-Independent Director
(DIN: 02948958)
Ms.Geeta P. Shetti has nearly four decades of experience in Banking sector. She superannuated as General Manager of Indian Overseas Bank in 2014. She has rich experience in the fields of Inspection, Risk Management, Compliance, Customer Service and Anti Money Laundering. She has served as the Principal Officer of Indian Overseas Bank in her capacity as the Head of Operation Department of the Bank. She had been on the Boards of CORDEX, a company formed under the auspice of IBA, and Universal Sompo General Insurance Co. Limited.
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Mr. A. V. Rammurty
-Independent Director
(DIN: 00050455)
Mr. Annavarapu Venkat Rammurty during his illustrious career with IDBI Bank Ltd. has headed various functions of the Bank such as Research & Planning and Market Research Dept, Corporate Debt Restructuring (CDR) Cell, Risk Management Dept and the Corporate Strategy & Planning Dept. He has served as the Banks’ nominee Director on the Boards of various Companies. He has been an Independent Director on the Board of Man Industries (India) Ltd.
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Mr. Arvind Kumar Jain
-Independent Director
(DIN: 07911109)

Mr. Arvind Kumar Jain has more than four decadesofexperience in the Banking sector. He superannuated as Executive DirectorofPunjab & Sind Bank. He has the rich experience in the field ofIntegratedTreasury, Large & Mid Corporate Credit, Merchant Banking andInvestorrelations.


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Mr. Dilip Kumar Mandal
-Managing Director & Chief Executive Officer
(DIN: 03313130)
Mr. Dilip Kumar Mandal is the Managing Director and Chief Executive Officer of IDBI Asset Management Ltd. Mr. Mandal has over three decades of experience in various fields of financial services viz. venture capital financing, project finance, credit appraisal and monitoring, NPA resolution, loan syndications, retail banking among others. Immediately prior to joining IDBI Asset Management Ltd, Mr. Mandal was Chief General Manager & Zonal Head of Retail Banking Group, IDBI Bank Ltd., covering the states of Odisha, Chattisgarh & Jharkhand and based at Bhubaneswar.
Management Team
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Mr. Dilip Kumar Mandal
-Managing Director & Chief Executive Officer (CEO)
(DIN: 03313130)
Mr. Dilip Kumar Mandal is the Managing Director and Chief Executive Officer of IDBI Asset Management Ltd. Mr. Mandal has over three decades of experience in various fields of financial services viz. venture capital financing, project finance, credit appraisal and monitoring, NPA resolution, loan syndications, retail banking among others. Immediately prior to joining IDBI Asset Management Ltd, Mr. Mandal was Chief General Manager & Zonal Head of Retail Banking Group, IDBI Bank Ltd., covering the states of Odisha, Chattisgarh & Jharkhand and based at Bhubaneswar.
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Mr. Raj Kishore Singh
-Deputy - Chief Executive Officer
(DIN: 06846594)

Mr. Singh has about 19 years of experience in various fields of financial services viz, Retail Banking, Forex Services, Credit Appraisal, Project Finance, Credit and Marketing Risk Management. Immediately prior to joining IDBI Asset Management Limited, Mr. Singh was General Manager of Market Risk in IDBI Bank Ltd.

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Mr. Amit Radheshyam Bhavsar
-Chief Operating Officer (COO) and Chief Financial Officer (CFO)

Mr. Amit Radheshyam Bhavsar has experience of 20 plus years in the financial services covering Asset Management (Mutual Fund), Life Insurance, Banking,Treasury and Operations. He has handled various functions that include finance, accounts, audit, treasury, operations, taxation, product, equity and debt market segment and general management. Prior to joining IDBI Asset Management Limited, he was associated with SBI Funds Management Pvt. Ltd. for around 7 years. He has also been associated with LIC Mutual Fund, SBI Life Insurance Co. Ltd. and Corporation Bank. Amit Radheshyam Bhavsar is a graduate in Commerce and a qualified Fellow Chartered Accountant. He is also a Charter holder of the CFA (ICFAI). He has also done LLB, CAIIB, and CFP.

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Mr. Rajender Kumar
-Head-Compliance & Risk Management

Mr. Rajender Kumar has over 32 years of experience in Mutual Fund industry. He has handled various functions that include Sales, marketing, finance, accounts, audit, operations, HR, product, equity and debt market segment and management of Branch, Regional office and Zonal Office. Prior to joining IDBI Asset Management Limited, he was associated with Softage Information Technology – National Head Operation, Edelweiss Mutual Fund - Vice President and UTI Mutual Fund – Vice President.

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Mr. Ajit Joshi
-Company Secretary
(Membership No.: ACS: 22359)
Mr. Ajit Joshi has over 27 years of experience in Banking, Secretarial and Compliance. Prior to joining IDBI Asset Management Limited, he was associated with SBICAP Trustee Company Limited as Company Secretary and Compliance Officer during the period Oct 2010 to Dec 2018 and Dua Associates as Retainer handling Compliances and Corporate Due Diligence for the corporate clients during the period Aug 2009 – Sep 2010.
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Mr. Raju Sharma
-Head Fixed Income and Fund Manager
Mr. Sharma has 27 years of experience in financial services industry encompassing fund management, debt capital markets and treasury. Prior to joining IDBI Mutual Fund, he has worked with Tata Mutual Fund, Indiabulls Mutual Fund, JM Morgan Stanley etc.
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Mrs. Uma Venkatraman
-Fund Manager – Equity
Ms. Venkatraman has over 16 years of experience in the financial services industry, with a focus on equities. Prior to becoming a fund manager, she was heading the Research function in IDBI Mutual Fund. Prior to joining IDBI Mutual Fund, she had worked in equities with B&K Securities, ASK Raymond James, Morgan Keegan and UTI Mutual Fund. 
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Mr. Bhupesh Kalyani
-Fund Manager – Fixed Income

Mr. Kalyani has around 17 years of work experience of which 14 years has been into fixed income fund management and dealing. Prior to joining IDBI Mutual Fund his major associations has been with LIC Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi Life Insurance Co. Ltd. 

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Mr. Firdaus Marazban Ragina
-Fund Manager-Equity
Mr.Firdaus Marazban Ragina has 20 years of work experience in financial service industry, with core focus on equities.  His earlier associations were with IL&FS Broking Services, Avendus Securities, IL&FS Investsmart, UTI Securities and RefcoSify Securities. Currently he is managing IDBI Nifty Index Fund, IDBI Nifty Junior Index Fund, IDBI Gold Fund & IDBI Gold Exchange Traded Fund.
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Ms. Ayushi Sethia
-Co-Fund Manager-Equity

Ms. Ayushi Sethia has over two years of experience in equityresearch. She graduated with B.Sc. (Hons.) in Mathematics from JadvapurUniversity, followed by an MBA from Indian School of Business. She is currentlyco-managing IDBI Equity Advantage Fund, IDBI Banking & Financial ServicesFund and IDBI Long Term Value Fund.


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Mr. S. V. Durga Prasad
-Investor Relations Officer
Mr. S. V. Durga Prasad has over 26 years of total experience, out of which 20 years have been in the Mutual Fund industry in the fields of Investor & Distributor Services, Banking operations and Unit Admin. Prior to the current assignment, he was withEdelweiss Asset Management Ltd and had handled Investor & Distributor Services.
Our Service Providers
Statutory Auditors
M/s. Ray and Ray,
Chartered Accountants (ICAI Membership No.301072E)
305, Eastern Court, C-Wing, Tejpal Road,
Vile Parle (E), Mumbai - 400 057.