C.M. Khurana: Chief General Manager, IIFCL

Chief General Manager, IIFCL

Overseeing the credit and legal operations of India Infrastructure Finance Company Limited (IIFCL), Chief General Manager C.M. Khurana has been with the organisation since 2015. His career, spanning over 41 years, began as a probationary officer with the Oriental Bank of Commerce (OBC). After working in various positons at OBC, he retired in 2014 as the chief general manager. Over the years, he has been associated with several committees for the formulation of schemes and guidelines for infrastructure spending.

Khurana believes that the road sector, in particular under the hybrid annuity model, is set to embark on a higher-growth trajectory. This is partly owing to the relatively de-risked nature of the model, under which initial funding support and assured annuities are provided by the concessioning authority. The risk is accordingly confined primarily to the “construction risk”. He also feels that the toll-operate-transfer model is likely to generate more opportunities for financing.

The period 2011-14, when he was in charge of large corporate credit operations at OBC and his current assignment are most memorable for Khurana. The tenure at IIFCL saw challenges in credit operations management, which required him to devise innovative and out-of-the-box mechanisms to tackle the various issues. The successful completion of these projects is, therefore, one of the major achievements of his professional journey.

He believes that a proactive approach and adaptability to contemporary issues is essential to meet the current challenges. His management style is collaborative and customer-centric. He believes in working with his team and clients as a single unit, collaborating and consulting at each step to deliver optimum results. His professional success is an outcome of his analytical approach, combined with a comprehensive knowledge of practical issues and ground realities.

Khurana has a master’s in Economics from the Delhi School of Economics along with a professional degree in law from Delhi University. He is also a certified associate of the Indian Institute of Bankers. He contributes to various professional magazines and is often guest faculty at several management schools. A voracious reader, Khurana enjoys books on spirituality and management sciences. He likes to spend his spare time with his family, which includes his wife, who retired as head of a senior secondary school, and his son, an executive in an MNC.