NIIF appoints Sanjiv Aggarwal CEO and Managing Director

Aggarwal's tenure will officially commence in February 2024 and he will replace Rajiv Dhar, who held the positions since May 2023. (Image: NIIFL)

The National Investment and Infrastructure Fund Limited (NIIF) has appointed Sanjiv Aggarwal as Chief Executive Officer and Managing Director of NIIF.

Aggarwal has served as partner in Actis energy since 2008, where he was responsible for sustainable energy investments for Asia including India. Before Actis, Aggarwal has worked with Citigroup and ANZ Investment Bank.

“I am privileged to have the opportunity to guide NIIFL at such an exciting time in the company’s journey with its unique positioning in India and its growth potential," said Aggarwal on his appointment.

"I am committed to building on NIIFL’s strong track record and look forward to working with NIIFL’s talented team to invest in India’s very strong growth story and create value for our stakeholders,” he added.

Aggarwal's tenure will officially commence in February 2024 and he will replace Rajiv Dhar, who held the positions since May 2023. NIIF thanked Dhar for his leadership in the interim, and said that his, "contributions have been fundamental in maintaining the continuity and success of NIIFL’s operations".

NIIF, which is 49% owned by the Government of India, manages around $5 billion of equity capital commitments across four funds - Master Fund, Fund of Funds, Strategic Opportunities Fund and India-Japan Fund.