IFCI Limited approved appointment of Shri Umesh Kumar Garg as Additional and Independent Director on the Board of IFCI Limited for a period of three years from the date of order of his appointment (w.e.f. May 10, 2023) or until further orders, whichever is earlier. Shri Umesh Kumar Garg is a practicing Chartered Accountant. Shri Garg is a Commerce and Law Graduate from Agra University.

He has also completed his Diploma in Information System Audit (DISA) from The Institute of Chartered Accountants of India (ICAI), He is a senior partner in firm named Umesh Amite & Co. He is currently on the Board of Incredible Insurance Surveyors & Loss Assessors Private Limited and Harkiran Professional Consultants Private Limited. He has an experience of around 32 years in field of Corporate Law, Finance, Insurance Management, Project Management and Taxation (Direct & Indirect).

He is a fellow member of The Institute of Chartered Accountants of India (ICAO, Institute of Valuers, Institute of Insurance Surveyors & Loss Adjusters and Indian Council of Arbitration. He has also been the Chairman of Central India Regional Council of The Institute of Chartered Accountants of India (ICAI) for the year 2015-16 and executive member of the same for the year 2012-13, 2013-14 and 2014-15.