Investment Manager

LTIDPL IndvIT Services Limited has been appointed as the Investment Manager for IndInfravit Trust.

Investment Management Agreement (INA) has been entered in this regard.

Role & Responsibilities :

The investment manager shall be responsible for all activities pertaining to issue of units and listing of units of the IndInfravit Trust.

The investment manager shall ensure that it has adequate infrastructure and sufficient key personnel with adequate experience and qualification to undertake management of the IndInfravit Trust at all times.

The investment manager shall designate an employee or director as the compliance officer for monitoring of compliance with these regulations and guidelines or circulars issued hereunder.

The investment manager shall make the investment decisions with respect to the underlying assets or projects of the IndInfravit Trust including any further investment or divestment of the assets.

The investment manager shall ensure that the investments made by the IndInfravit Trust are in accordance with the investment conditions specified under SEBI regulations and in accordance with the investment strategy of the IndInfravit Trust.

The investment manager shall declare distributions to the unit holders in accordance with the SEBI regulations.

The investment manager shall oversee activities of the project manager with respect to SEBI regulations and the project management agreement.

The investment manager shall ensure that the disclosures or reporting to the unit holders, Board, trustees and designated stock exchanges, are in accordance with these regulations and guidelines or circulars issued hereunder.

The investment manager shall ensure adequate and timely redressal of all unit holders’ grievances pertaining to activities of the IndInfravit Trust.

The investment manager shall coordinate with trustee, as may be necessary, with respect to operations of the IndInfravit Trust.

The investment manager shall ensure that all activities of the intermediaries or agents or service providers appointed by the investment manager are in accordance with these regulations and guidelines or circulars issued hereunder.

Board / Key personnel :

Board of Directors:

Brief Profile of the directors

Dr. Ashwin Mahalingam is an Independent Director of the Company since March 30, 2015. He holds a Master’s degree in science in civil and environmental engineering (construction engineering and management) from the Leland Stanford Junior University and a bachelor’s degree in technology in civil engineering from the Indian Institute of Technology, Madras. He holds a doctorate in civil and environmental engineering from the Leland Stanford Junior University. He has experience in the fields of infrastructure project management, public private partnerships and construction management.

Ms. Samyuktha Surendran is an Independent Director of the Company since August 24, 2017. She holds a bachelor’s degree in computer science from the University of Madras. She has obtained a postgraduate diploma in management for executives from the Indian Institute of Management, Ahmedabad and has a master’s degree in computer applications from Anna University. She has experience in the fields of corporate strategy, risk analysis, sales and marketing.

Mr. T. S. Venkatesan is a Non-Executive Director of the Company since August 24, 2017. He has a bachelor’s degree in commerce from University of Madras. He is also a Cost and Works Accountant from Institute of Cost and Works Accountants of India. He has experience in mergers and acquisitions, finance, accounts and management information systems functions. He is currently the Chief Executive of Roads, Bridges and Railways of the Sponsor.

Mr. Pushkar Kulkarni is a Principal in CPPIB’s Infrastructure Team in India. Pushkar has over 15 years of experience in the Indian Infrastructure sector. Prior to CPPIB he was the Managing Director of Serco India and CEO of Efkon India (a Strabag group company). Pushkar has completed his MBA from Jamnalal Bajaj Institute of Management Studies and his BE (electronics engineering).

Mr. Igor Lukin is Vice President at Allianz Capital Partners (ACP) in the direct investment/infrastructure team in Munich. He joined ACP in 2012 and has worked on several transactions in the infrastructure in energy and transport sectors. Prior to joining ACP, Igor worked at Oil & Gas financing and advisory team at UniCredit in Munich. Igor is a member of the audit committees of Autobahn Tank & Rast Gruppe GmbH & Co. KG in Germany and Net4Gas s.r.o. in Czech Republic. He holds a master degree in Business Administration and Computer Science from Technical University of Darmstadt and is a CFA Charterholder.

Dr. Nasim Zaidi, Independent Director, holds a Master’s degree in Public Administration from Kennedy School of Government, Harvard University and has been a Mason Fellow for Public Policy at Harvard Institute for International Development. He also holds a Post Graduate Diploma in Business Finance from Indian Institute of Finance and holds doctorate in Bio-Chemistry. During his tenure, he has served as the Director General of Civil Aviation (2008 – 2010). He has served in the Ministry of Civil Aviation in the Government of India handling development of airport infrastructure, air navigation services, air space management and aviation security at federal policy making level. He was on the boards of management of Helicopter Corporation of India, Hyderabad and Bengaluru airport, AAI and also as Chairman of Airport Authority of India. Dr. Zaidi served as the Election Commissioner of India from 2012 to 2015 and as Chief Election Commissioner of India from 2015 till 2017.

Mr. Bruce Crane is Managing Director of Omers. He is responsible for leading infrastructure-related efforts in Asia, and is based in Singapore. He was previously based in New York and was responsible for sourcing and leading investment opportunities in the transportation and power-related infrastructure markets in the Americas. His asset management experiences included Chicago Skyway, GNL Quintero S.A and Midland Cogeneration Venture. Prior to joining OMERS Infrastructure in 2012, Bruce spent 10 years with UBS and Morgan Stanley, providing investment banking advisory services, and four years with Foster Wheeler as a field engineer. Bruce holds a Bachelor of Applied Science in Civil Engineering from Lehigh University, and an MBA from Columbia University.

Mr. N.Mohan Raj, Independent Director,a post graduate in Economics from Loyola College, Chennai is a Life Insurance Professional. He joined LIC as a Direct Recruit officer and retired as one of its Executive Directors in November 2013. In his 36 years of service in LIC, he had exposure to Administration, Marketing, Audit & Inspection, Investment, Mutual Fund and Training. He was also LIC’s Nominee Director on the Boards and Audit Committees of some of the big corporates in India operating in a variety of spheres like Automobile, Electrographite, Construction, manmade fibres etc.

Ms. Monisha Macedo is an Independent Director, A FCS from Institute of Company Secretaries of India. She also holds BA (Hons) Economics, St. Stephens College, Delhi University. She has been a whole-time director with senior executive responsibilities at Noida Toll Bridge Company, which pioneered India’s first public-private partnership toll road. She is experienced in matters of Company Law and Board functioning. She is an Insolvency Professional with the Insolvency & Bankruptcy Board of India and has tied up with a multinational restructuring company, to conduct insolvency resolutions for companies under the Insolvency & Bankruptcy Code, 2016 (IBC).

Key personnel :

Mr. J. Subramanian- CEO

  • 34+ years of experience in across roles and divisions
  • Previously worked as GM, Infrastructure Development Group, Airport Authority of India (Ministry of Civil Aviation)
  • Bachelor’s degree in Commerce, and member of the institute of cost accountants of India

Mr. Matthew George – CFO

  • 22+ years of experience in various fields of finance
  • Previously worked with IDBI Bank, IndusInd Bank, UTI Bank, Catholic Syrian Bank
  • PGDGM Finance , XLRI , Jamshedpur, India,
  • Bachelors in Engineering , B.E. E&C
  • Accelerated Program on Infrastructure Development and Finance , Indian Institute of Management, Ahmedabad

Mr. Gaurav Chaturvedi- CIO

  • 9+ years of experience in various Infrastructure sectors
  • Experience in project finance, financial modelling, financial due diligence, valuation & project bidding
  • Chartered Accountant from Institute of Chartered Accountants of India