Mr. Shiva Rajaraman is the Chief Executive Officer (CEO) of NIIF Infrastructure Finance Limited (NIIF IFL), a specialized infrastructure financier, majority owned by NIIF (India’s 1st sovereign linked alternative asset manager) with a largely green portfolio of Rs. 22,000 cr and 0% NPAs. In FY 2024, NIIF IFL was among India’s top 10 infrastructure financiers. NIIF IFL borrows through the issue of long term bonds to pension, provident, insurance funds and other long term (> 5 year tenor) investors.

Shiva has over 28 years of experience in infrastructure finance, innovative & sustainable funding, and advisory. In his previous role as founder CEO & Wholetime Director of L&T Infra Debt Fund Limited (L&T IDF), one of India’s leading Infrastructure Debt Funds (IDF) with a portfolio of ~Rs. 10,000 cr and 0% NPA asset base, he built and led a high performing team in introducing innovative financing and credit enhancement solutions to PPP projects in renewable energy, roads, and transmission sectors.

Shiva was the only private sector member of the Inter-Ministerial Steering Committee (IMSC) of the Government of India, set up for implementation of the National Infrastructure Pipeline (NIP). He has been a member of expert groups and national committees, including the Project Finance Sub-Group for the NIP and the Expert Group constituted by the Ministry of Finance for guiding rating agencies to develop the EL framework for rating infrastructure projects.

He has also been a member of Infrastructure Committees of CII, FICCI, IVCA (industry associations) and on the Board of Directors of Indian Highway Management Company Ltd (IHMCL), a company promoted by the National Highways Authority of India (NHAI) along with other institutions, which has implemented FASTag in India.

Prior to joining L&T Financial Services, he worked with India’s specialised infrastructure financier IDFC (now IDFC Bank) for nearly 10 years, in various positions in Project Finance and Risk.

Shiva is an established subject matter expert and trainer in the field of infrastructure finance. He has conducted training programs for professionals, senior government & RBI officials.

Shiva holds a Bachelors’ degree in Commerce from Loyola College, Chennai, and an MBA from Bharathidasan Institute of Management, Tiruchirappalli, India.