Member
Injeti Srinivas
Srinivas Injeti belongs to the 1983 batch of the Indian Administrative Service (IAS). He retired from Government in May 2020 after serving 37 years in various leadership positions. Soon after his retirement, the Government appointed him as the Founding Chairperson of the International Financial Services Centres Authority (IFSCA), India’s sole unified regulator for international financial services, a post he held until July 2023.
Srinivas is graduate in Economics (Honours) from the Shriram College of Commerce (University of Delhi) and did his Masters in Business Administration from Srathclyde Graduate Business School (University of Srathclyde, the UK). During 1998 to 2003, as Director FIPB (Foreign Investment Promotion Board) in the Government of India, Srinivas was closely involved in the liberalization of the Foreign Direct Investment Policy and the Industrial Policy reforms . As Union Secretary to the Government of India in the Ministry of Corporate Affairs (2017-20), he played a key role in the implementation of the Insolvency and Bankruptcy Code (IBC), which is hailed as one of the deepest economic reforms undertaken in the country. He steered several other initiatives such as, the decriminalization of civil offences under the Companies Act 2013, the strengthening of the regulatory framework of independent directors, the de- registration of shell companies, the establishment of the National Financial Reporting Authority (NFRA), and bringing out a robust legal framework for valuation under the Companies Act and the IBC. He was an ex-officio member on the Securities and Exchange Board of India (SEBI) as Corporate Affairs Secretary, and a Director on the LIC Board (including a member on the Investment Board). Other positions held by him include Industries Secretary in the Government of Odisha, Additional Chief Secretary in charge of infrastructure development in Odisha, Chairperson of the National Pharmaceuticals Pricing Authority at the Centre, and the Union Sports Secretary & Director General, Sports Authority of India
Srinivas assumed the responsibility as the first chairperson of the newly established International Financial Services Centres Authority in July 2020. He is credited with having built a new-age institution, which is well-poised to emerge as a gateway for global capital flows into and out of India. In less than three years, IFSCA has established itself as a world-class regulator and has developed GIFT IFSC as an attractive investment destination with a robust ecosystem and best-in-class regulations. Under his leadership, several international financial services activities took roots in the GIFT IFSC such as banking, alternative investment funds, international exchanges, international bullion exchange, aircraft and ship leasing, FinTech, etc.
He was a member of the Financial Stability and Development Council (FSDC) chaired by the Finance Minister, from October 2017 to July 2023. His domain specialization areas include, corporate law, industrial policy, foreign direct investment, SME development, financial regulations across banking, insurance, funds, and capital market.
Srinivas is graduate in Economics (Honours) from the Shriram College of Commerce (University of Delhi) and did his Masters in Business Administration from Srathclyde Graduate Business School (University of Srathclyde, the UK). During 1998 to 2003, as Director FIPB (Foreign Investment Promotion Board) in the Government of India, Srinivas was closely involved in the liberalization of the Foreign Direct Investment Policy and the Industrial Policy reforms . As Union Secretary to the Government of India in the Ministry of Corporate Affairs (2017-20), he played a key role in the implementation of the Insolvency and Bankruptcy Code (IBC), which is hailed as one of the deepest economic reforms undertaken in the country. He steered several other initiatives such as, the decriminalization of civil offences under the Companies Act 2013, the strengthening of the regulatory framework of independent directors, the de- registration of shell companies, the establishment of the National Financial Reporting Authority (NFRA), and bringing out a robust legal framework for valuation under the Companies Act and the IBC. He was an ex-officio member on the Securities and Exchange Board of India (SEBI) as Corporate Affairs Secretary, and a Director on the LIC Board (including a member on the Investment Board). Other positions held by him include Industries Secretary in the Government of Odisha, Additional Chief Secretary in charge of infrastructure development in Odisha, Chairperson of the National Pharmaceuticals Pricing Authority at the Centre, and the Union Sports Secretary & Director General, Sports Authority of India
Srinivas assumed the responsibility as the first chairperson of the newly established International Financial Services Centres Authority in July 2020. He is credited with having built a new-age institution, which is well-poised to emerge as a gateway for global capital flows into and out of India. In less than three years, IFSCA has established itself as a world-class regulator and has developed GIFT IFSC as an attractive investment destination with a robust ecosystem and best-in-class regulations. Under his leadership, several international financial services activities took roots in the GIFT IFSC such as banking, alternative investment funds, international exchanges, international bullion exchange, aircraft and ship leasing, FinTech, etc.
He was a member of the Financial Stability and Development Council (FSDC) chaired by the Finance Minister, from October 2017 to July 2023. His domain specialization areas include, corporate law, industrial policy, foreign direct investment, SME development, financial regulations across banking, insurance, funds, and capital market.