Indranil Sarkar: Indranil Sarkar

Indranil Sarkar

Indranil Sarkar is the chief financial officer of Mumbai Metro Rail Corporation (MMRC) Limited. As head of the finance function, he looks after project financing as well as control and risk management systems. He is also involved in MMRC’s procurement process which is currently placing several civil construction and systems contracts. Passionate about its benefits, Sarkar feels that the metro is the only workable solution to Mumbai’s transport issues.

With a relatively young team, he says, “I focus on exposing the team to the challenges of financing such a capital-intensive and complex project in a difficult urban environment and guiding them to develop cross-functional capabilities within the finance domain.”

Prior to joining MMRC, Sarkar led the International Finance Corporation’s infrastructure team overseeing Bangladesh and the eastern states of India. He was instrumental in structuring multiple infrastructure projects, such as an elevated expressway project in Dhaka, public street lighting in Bhubaneswar and a solid waste management project in Odisha. He has also structured a rooftop solar power project and urban water supply system in Odisha. He believes that to increase the pace of economic growth in South Asia, infrastructure development will be key, and it is vital to bring in private capital and skills to the sector.

With a career spanning over two decades, he has previously worked with the Infrastructure Development Finance Corporation and the Reliance Group in India in infrastructure financing and project implementation. He has also worked as a management consultant with Booz Allen Hamilton in New York, where he advised firms on financial strategies. In the 1990s, he held treasury positions in Citibank India and was also involved in foreign exchange trading and advising firms.

A mechanical engineer from the Delhi College of Engineering, Sarkar worked with Maruti Suzuki for three years to get hands-on experience in production and manpower management. He went on to do an MBA from the Indian Institute of Management, Ahmedabad. He also has a master’s degree in international affairs from Columbia University, New York.

Sarkar lives in Mumbai with his wife and two teenage children. He and his wife love travelling with their extended family, whether it is for long vacations or for weekend trips. The family enjoys two-three short vacations a year. W