Atul Saxena Appointed as SHCIL's New Managing Director & CEO

Mr. Atul Saxena has been appointed as the Managing Director and Chief Executive Officer of Stock Holding Corporation of India Limited (SHCIL), effective August 05, 2024. With over 25 years of diverse experience in various senior-level positions, Saxena aims to drive growth and innovation at SHCIL.

Mr. Atul Saxena has been appointed as the Managing Director and Chief Executive Officer of Stock Holding Corporation of India Limited (SHCIL), a key subsidiary of the Government of India's financial institution IFCI Limited, effective August 05, 2024.

With a career spanning more than 25 years in management & technical consulting, corporate finance, and capital markets, Mr. Saxena has held senior-level positions in functions like Credit & Recovery, Corporate Planning, Secretary to the Board, and Internal Audit. His tenure at IFCI Limited was marked by his pivotal role in the company's strategic and operational advancements for over a decade.

In his previous role as Managing Director of IFCI Infrastructure Development Limited, Mr. Saxena successfully navigated the company through the challenges presented by the COVID-19 pandemic. Most recently, he served as Chief General Manager and Principal Officer of IFCI Limited, overseeing crucial financial and operational initiatives.

Mr. Saxena brings a wealth of boardroom experience, having served as a Nominee and Non-Executive Director on various company boards for over ten years. His extensive expertise in corporate governance and strategic planning has been invaluable.

Before joining IFCI, Mr. Saxena held roles at Engineers India Limited and PwC, further refining his skills in engineering and consulting. He possesses a Civil Engineering degree from the Indian Institute of Technology (IIT), Kanpur, and a Post Graduate Diploma in Management from the Indian Institute of Management (IIM), Calcutta.

Upon his appointment, Mr. Saxena remarked, ''I am honored to join Stock Holding Corporation of India Limited as Managing Director & CEO. I look forward to collaborating with StockHolding's talented team to leverage the company's strong foundation, drive growth, and foster innovation. Together, we aim to deliver exceptional value to our stakeholders and achieve new milestones in our industry.''