The National Investment and Infrastructure Fund Limited (NIIF) has named Sanjiv Aggarwal as its Chief Executive Officer and Managing Director. Aggarwal previously held a position as a partner at Actis energy from 2008, overseeing sustainable energy investments in Asia, particularly in India. Prior to his tenure at Actis, he gained experience working at Citigroup and ANZ Investment Bank.
Aggarwal expressed his gratitude for the opportunity to lead NIIFL during this pivotal phase of its journey, emphasizing the company's unique position and growth prospects in India. He conveyed his commitment to leveraging NIIFL's solid track record, highlighting his eagerness to collaborate with the talented team to invest in India's thriving growth narrative. Aggarwal aims to create substantial value for stakeholders through strategic investments.
His official tenure is set to begin in February 2024, succeeding Rajiv Dhar, who assumed the positions in May 2023. NIIF acknowledged Dhar's contributions, praising his crucial role in ensuring the seamless continuation and success of NIIFL’s operations during the interim period. Additionally, NIIF, which is majority-owned (49%) by the Government of India, oversees approximately $5 billion in equity capital commitments spread across four funds: the Master Fund, Fund of Funds, Strategic Opportunities Fund and India-Japan Fund. These funds serve as essential vehicles for NIIF in executing its investment strategies.