October 19, 2023, Shri Jagdish Garwal, General Manager, has been IFCI Limited appointed as Chief Risk Officer (CRO) of the company, in place of Shri Rajeev Ahluwalia (in view of his superannuation on February 29, 2024). He has been appointed for a period of two years effective March 01, 2024 till February 28, 2026. Shri Jagdish Garwal, General Manager, IFCI Ltd. is a B.E. (Comp), MBA and LLB.

He is also a Certified Associate of the Indian Institute of Banker (CAIIB). He has a rich experience of around 30 years in IFCI and its subsidiary in various departments like IT, Sugar Development Fund, Vigilance, Recovery, Internal Audit, Policy Formulation etc.