Mumbai, Maharashtra, India, December 2025 – Ajay Chaudhary has been appointed as Chief Executive Officer (CEO) at NIIF Infrastructure Finance Limited (NIIF IFL), marking a significant leadership move for the RBI-registered Infrastructure Debt Fund–NBFC focused on long-term refinancing of operational infrastructure projects across India.
Ajay Chaudhary steps into his new role at NIIF Infrastructure Finance Limited with a strong mandate to lead long-term growth, strengthen portfolio quality, and deepen NIIF IFL’s impact across India’s core infrastructure sectors including renewable energy, roads, logistics, ports, power transmission, healthcare, education and more. His appointment reinforces NIIF IFL’s mission of advancing India’s infrastructure financing ecosystem through robust, structured, and future-ready financial solutions.
Prior to joining NIIF IFL, Ajay Chaudhary served as Chief Strategy Officer at Think Gas, where he was entrusted with driving long-term strategic growth and value creation across one of India’s fastest-growing CGD platforms backed by global infrastructure investors. In this role, he led diversification strategies, unlocked new revenue streams, and spearheaded Think Gas’s entry into the LNG automobile fuel segment, significantly strengthening the company’s growth trajectory.
Before Think Gas, he was associated with EnTranz Finance Limited as Director and Leader of the Green Financing Platform, where he established and led a specialised financing platform focused on energy transition and sustainable infrastructure investments. He played a key role in developing innovative green financing solutions aligned with global ESG standards and in spearheading investment strategies that blended financial inclusion with sustainable development.
A substantial phase of his leadership career was spent at L&T Infrastructure Finance Co. Ltd., where he held multiple senior leadership roles over nearly a decade, including National Head – Project Finance Group, Regional Head (West & North) and Regional Head – North. During this tenure, he led large-scale infrastructure finance platforms, managed multi-billion-dollar project finance portfolios, pioneered solar project finance, strengthened portfolio stability, and drove growth, profitability, and national-level business expansion across wholesale and project finance verticals.
Earlier in his career, Ajay Chaudhary held key finance and corporate banking roles with ICICI Bank Limited and ASC Enterprises Limited (Essel Group), where he was involved in corporate banking, project finance, business planning, and large-scale financial structuring for infrastructure, telecom, retail and media ventures—building a strong foundation in corporate finance, strategy, and infrastructure development.
About NIIF Infrastructure Finance Limited
NIIF Infrastructure Finance Limited (NIIF IFL) is an RBI-registered Infrastructure Debt Fund–NBFC and part of the National Investment and Infrastructure Fund (NIIF). Established in 2014, NIIF IFL provides long-term refinancing solutions to operational infrastructure projects across India, focusing on critical sectors such as renewable energy, roads, ports, logistics, power transmission, healthcare, education and special economic zones. With deep sector expertise and a rigorous credit assessment approach, NIIF IFL structures financing solutions that support India’s long-term infrastructure growth and sustainability ambitions.
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