Rajiv Lall

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Rajiv Lall
Born (1957-08-02) 2 August 1957 (age 68)
Education Columbia University and Oxford University
OccupationPart time Non-Exe Chairman of IDFC First Bank [1]
SpouseBunty Chand
Parent K.B. Lall

Rajiv B. Lall is an Indian finance person and political economist who served as the CEO and chairman of the Infrastructure Development Finance Company (IDFC) in India. [2] [3] [4] His father K.B. Lall was a member of Indian Civil Service.

Contents

Early life and education

Lall was born on 2 August 1957. acquired a B.A. (Hons) degree in politics, philosophy, and economics from the Oxford University and Ph.D. in Economics from Columbia University. [5] He is conversant in French and can Spanish and Mandarin. [6] Rajiv Lall resides in Mumbai, and is married to Bunty Chand, the executive director of the Indian chapter of the John Rockefeller-founded Asia Society. [7] He also has a home in Singapore.

Career

Before joining Warburg Pincus in 1997, Rajiv Lall was the Head of Asian Economic Research with Morgan Stanley Asia. [3]

In 2005, Lall joined IDFC as MD and CEO. he serves as a director of IDFC Trustee Company Pvt. Ltd., IDFC Capital Company Limited, IDFC Projects Limited, IDFC-SSKI Securities Limited, IDFC-SSKI Limited, IDFC Bank, STCI Finance Limited, National Stock Exchange of India Limited, Spandana Sphoorty Finance Limited, Delhi Integrated Multi-Modal Transit System Limited, Qualitas Healthcare, and IDFC Private Equity. [2] [4]

Lall founded and launched IDFC Bank in 2015 and later led the acquisition of Grama Vidyal, Tamil Nadu’s largest microfinance company, in a first-of-its-kind transaction to integrate microfinance into mainstream banking. IDFC Bank’s rural business came to be known as Bharat Banking, which delivered full-service banking tools to bottom-of-the-pyramid customers using new technology solutions that relied on micro-ATMs to acquire and manage customers. To secure the Bank’s future, he then engineered the acquisition of Capital First to create IDFC First Bank. He relinquished his role as CEO to complete the organisational transformation to a full-service retail bank under new leadership. [8] He stepped down in 2021 to return to academia. At Singapore Management University, he focuses on climate finance, energy transition, and environment and health-related issues. [9]

During his career spanning over two decades, he was worked with the World Bank, Warburg Pincus, Morgan Stanley and Asian Development Bank. He was also an assistant professor at Florida Atlantic University. [4] After leaving Warburg Pincus, he played a pioneering role in create the Indian impact investment ecosystem founding Lok Capital in 2005 and mentoring it and many impact entrepreneurs until 2015.

During Lall's tenure, IDFC became India’s biggest infrastructure finance company with balance sheet worth more than ₨ 60,000 crore. [10]

Social interests

Lok Foundation, along with Lok Capital Group, provides social venture capital to promote social entrepreneurship in education, healthcare and low-cost housing segments. [3]

References

  1. ↑ "IDFC First Bank".
  2. 1 2 IDFC official website Archived 2012-12-26 at the Wayback Machine IDFC
  3. 1 2 3 Lok Capital exploring new strategies for social impact. business-standard.com (2012-11-14). Retrieved on 2013-01-11.
  4. 1 2 3 Executive Profile - Rajiv Bihari Lall [ dead link ]. Business Week (2012). Retrieved on 2013-01-11.
  5. ↑ Golden years of finance yet to come in India: Rajiv Lall, CEO, IDFC Economic Times (2010-10-07) Retrieved on 2013-01-11.
  6. ↑ The Re-Engineer Forbes (2009-12-11) Retrieved on 2013-01-11.
  7. ↑ Of global sensibilities... and menus Business Standard (2007-12-23) Retrieved on 2013-01-11
  8. ↑ "Rajiv Lall resigns from chairmanship of IDFC First Bank". The Economic Times. Bennett, Coleman & Co. Ltd. 4 September 2020. Retrieved 20 December 2025.
  9. ↑ "Rajiv B. Lall – LinkedIn profile". LinkedIn. Retrieved 20 December 2025.
  10. ↑ Lunch with BS Business Standard (2012-06-12) Retrieved on 2013-01-11
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