He is at present Director (Operations) in the HCL.
The Appointments Committee of the Cabinet (ACC) has approved his appointment to the post for a period of five years, an order issued by the Department of Personnel and Training (DoPT) said.
Emandi Sankara Rao has been appointed as Managing Director and Chief Executive Officer of IFCI Ltd.
He is at present working as Director and Chief Executive Officer of IIFCL Asset Management Company Ltd.
Rao has been appointed to the post for a period of three years, it said.
He will hold the post for five years, the order said.
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