SHCIL Names Atul Saxena As MD & CEO

StockHolding Corporation of India Limited (SHCIL), a key subsidiary of the Government of India’s financial institution IFCI has appointed Atul Saxena as the managing director and chief executive officer, with effect from 05 August 2024. 

Saxena brings over 25 years of extensive experience in management & technical consulting, corporate finance and capital markets. His diverse expertise spans across senior-level positions in various functions, including Credit & Recovery, Corporate Planning, Secretary to the Board and Internal Audit. During his distinguished career at IFCI, he played a pivotal role in the company’s strategic and operational endeavors for more than a decade.

In his previous role as Managing Director of IFCI Infrastructure Development, Saxena steered the company through challenging times of the COVID-19 pandemic. Most recently, he served as Chief General Manager and was one of the Principal Officers of IFCI, where he oversaw key financial and operational initiatives.

Saxena has also accumulated extensive board experience, having served as a Nominee and Non-Executive Director on the Boards of various companies for over a decade. His broad understanding of corporate governance and strategic planning has been a valuable asset in these roles.

Before his tenure at IFCI, Saxena held positions with Engineers India Limited and PwC, where he further honed his skills in engineering and consulting. He holds a degree in Civil Engineering from the prestigious Indian Institute of Technology (IIT), Kanpur and a Post Graduate Diploma in Management from the Indian Institute of Management (IIM), Calcutta.