Gandhinagar, Gujarat – Shri Kalyanaraman Rajaraman assumed his new role on August 1, 2023 at the International Financial Services Centres Authority (IFSCA), a unified authority for regulating all financial services in International Financial Services Centres (IFSCs) in India,
Shri Rajaraman is a distinguished career bureaucrat hailing from the 1989 batch of the Tamil Nadu cadre of the Indian Administrative Service. He brings a wealth of knowledge from a diverse portfolio spanning multiple sectors, thus promising an enriched perspective on steering the authority forward.
Prior to his appointment at IFSCA, Shri Rajaraman exhibited dynamic leadership as the Secretary of the Department of Telecommunications, Government of India. He made significant contributions towards the growth and digital transformation of the telecommunications sector, fostering an environment conducive to innovation and technological advancement.
Throughout his illustrious career, Shri Rajaraman has held multiple pivotal roles. He served as the Managing Director of Chennai Metro Railways Limited during its early construction phase, helping usher in an era of modern urban transportation infrastructure. As the Commissioner of Commercial Taxes in the Government of Tamil Nadu, he demonstrated exceptional acumen in streamlining VAT administration and broadening the tax base.
In his previous role as Additional Secretary, Investment, IER, and Administration in the Department of Economic Affairs, Ministry of Finance, Shri Rajaraman played a key role in formulating economic policies that fostered an investment-friendly environment in the country, and facilitated robust Foreign Direct Investment (FDI) inflows.
Shri Rajaraman holds a B.Tech in Electronics & Communications, a first-class MBA, and a Master’s in Economics. His academic pedigree coupled with his on-ground experience in public administration and policy-making make him an ideal fit for leading the IFSCA, a progressive organization at the forefront of India’s financial services sector.
As the newly appointed Chairperson, Shri Rajaraman aims to reinforce IFSCA’s commitment towards creating a robust and inclusive framework for the growth of IFSCs, enhancing their global competitiveness, and facilitating world-class financial services.
Established in April 2020, the International Financial Services Centres Authority (IFSCA) is responsible for regulating all financial services in International Financial Services Centres (IFSCs) in India. Its mission is to develop a strong framework for world-class financial services and products, promote ease of doing business, and contribute to the global competitiveness of IFSCs in India.