IFCI appoints Gupta as advisor for remodelling

Our Banking Bureau
15 May 2002

New Delhi: Industrial Finance Corporation of India (IFCI) has appointed Dhruba Gupta of the International Monetary Fund (IMF) to advise the institution its business restructuring strategy.

Gupta, who has been with the IMF for almost 29 years, was recently appointed by the IFCI board of directors as advisor (corporate affairs). He relinquished his post as deputy treasurer (international) at IMF, where he was dealing with economics, accounting and fiscal management.

He will play a key role in overseeing the current restructuring and remodelling exercise at IFCI. Reporting directly to the chairman and managing director, he shall be dispensing advice on day-to-day operations of the institution, IFCI officials say.

It is understood that Gupta will be present in all important deliberations of the FI, including its board meetings. Notionally, he is equivalent to the senior-most director on the board.

A London School of Economics alumnus in economics, Gupta has been to the George Washington University, is a fellow of the Institute of Chartered Accountants of England and Wales. He has also been chairman of Bipnet, an IT company.