IFCI Reappoints Jagdish Garwal as Chief Risk Officer for One-Year Term

IFCI Limited ( (IN:IFCI) ) has provided an announcement.

IFCI Limited has re-appointed Shri Jagdish Garwal, currently a General Manager, as the company’s Chief Risk Officer for an additional one-year term from March 1, 2026, to February 28, 2027, in compliance with recent RBI NBFC-Governance directions. Garwal, who has been CRO for the past two years and has over three decades of experience across key functions at IFCI and its subsidiary, brings continuity to the firm’s risk management framework, signaling regulatory alignment and stability for stakeholders.

His background spans information technology, fund management, vigilance, recovery, and internal audit, supported by engineering, management, and law degrees, as well as professional banking certification. The decision underscores IFCI’s emphasis on experienced leadership in managing credit and operational risks, which is particularly important for a government-owned NBFC operating under evolving regulatory oversight and sectoral challenges.

More about IFCI Limited

IFCI Limited is a Government of India undertaking engaged in providing financial services and development finance to support national economic growth. Headquartered in New Delhi, the company operates under the regulatory framework applicable to non-banking financial companies (NBFCs) and focuses on financing projects and sectors critical to India’s development.

Average Trading Volume: 3,472,939

Technical Sentiment Signal: Strong Buy

Current Market Cap: 161.6B INR

See more insights into IFCI stock on TipRanks’ Stock Analysis page.