Board approves Ritesh Gupta as Executive Vice President & Chief Business Officer-Designate; L. Shivakumar to superannuate
ICRA Board approves Mr. Ritesh Gupta as Executive Vice President & Chief Business Officer-Designate from October 12, 2026; he becomes Chief Business Officer from January 1, 2027.
- CBO-Designate Appointment Effective
- October 12, 2026
- Becomes Chief Business Officer From
- January 1, 2027
- Incumbent EVP & CBO Superannuation Date
- December 31, 2026
A senior leadership change on the business side
The Board of Directors of the company, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Ritesh Gupta as Executive Vice President & Chief Business Officer-Designate through resolutions passed by circulation on October 8, 2026. He forms part of the Senior Management of the company.
Incoming Executive Vice President & Chief Business Officer
- Mr. Ritesh Gupta brings nearly 27 years of leadership experience across leading financial institutions, including IDFC First Bank, ANZ, Yes Bank, ICICI Lombard, GE Capital and ICICI.
- Most recently he served as Regional Head, Corporate, Infrastructure & NBFCs at IDFC First Bank, where he was responsible for originating and managing one of the bank's largest corporate and infrastructure portfolios and played a key role in building wholesale banking capabilities across multiple geographies.
- A Chartered Accountant by qualification, with degrees in Commerce and Law, he combines deep expertise in corporate banking, project finance, structured finance, risk management and large-client relationship management.
Dates to note
- October 12, 2026: the appointment as Executive Vice President & Chief Business Officer-Designate takes effect.
- December 31, 2026: Mr. L. Shivakumar, Executive Vice President & Chief Business Officer, will be relieved from service at the close of business hours.
- January 1, 2027: the appointment as Executive Vice President & Chief Business Officer takes effect.
Outgoing Executive Vice President & Chief Business Officer
- Mr. L. Shivakumar's change is recorded as retirement.
- The term of the incoming appointment is full-time employment.
How to read this
This is a planned handover at the Senior Management level, spread over two steps: a designated phase starting October 12, 2026, the transition to the full role from January 1, 2027, and the outgoing officer's last working day on December 31, 2026. The dates above are the ones to track for who holds the Chief Business Officer role at any point in this period.
More numbers
- Leadership experience of Mr. Ritesh Guptanearly 27 years
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