Ajay Shankar

Ajay Shankar

Non-Executive Director

Mr. Shankar has had rich and varied experience in public service for over forty-five years, primarily in the fields of industry, the power sector, and urban development. 

Mr. Shankar was a member of the premier Indian Administrative Service which he joined in 1973 and retired as Secretary, Department of Industrial Policy and Promotion in the Government of India in December 2009. He played a crucial role in putting together the stimulus packages at the time of the global economic crisis of 2008 which enabled the Indian economy to recover in a short time and again grow at over 8%. The plan for the ambitious Delhi-Mumbai Industrial Corridor Project was developed under his stewardship. The FDI policy was further liberalized and rationalized. Mr. Shankar was the Chairman of the National Productivity Council and of the Quality Council of India and gave greater momentum to their activities. Mr. Shankar initiated the setting up of Invest India.

Mr. Shankar was Member Secretary for three years, till 2014, of the National Manufacturing Competitiveness Council (NMCC), an advisory body comprising leading Captains of Industry, key Secretaries of Government and eminent Academics.

As Joint Secretary and then Additional Secretary in the Ministry of Power, Mr. Shankar played a key role in the enactment of the Electricity Act, 2003, the Rules and policies under it especially for greater private sector participation, and the launch of the National Rural Electrification for universal access.

As CEO, Greater NOIDA Industrial Development Authority, Mr. Shankar was responsible for the development of one of the most attractive Industrial townships and attracting considerable FDI to it. He was Secretary to the Lt. Governor of Delhi for over 5 years and has also been Commissioner, Kanpur Division and Chairman of the Kanpur Development Authority. He was closely involved with issues of urban planning, management and infrastructure development in these metros.

Mr. Shankar has been a public policy scholar at the Woodrow Wilson Centre in Washington D.C. USA.  He is now a Distinguished Fellow with Teri, the energy, and environment think tank, and is a Senior Fellow with the Delhi Policy Group. His writings on policy issues have been appearing in the national papers.

Mr. Shankar has served on the Boards of major public sector companies such as IDBI, EXIM Bank, NTPC, NHPC, PFC and REC and has also served as an Independent Director on the Boards of HAL and Tata Global Beverages. He is presently serving as a Non-executive Independent Director on the Board of Tata Power Delhi Distribution Ltd.

Mr. Shankar has served as the Chairman of (a) PPP Review Committee of the Railways and (b) Expert Committee set up by Government for Replacing Multiple Prior Permissions with a Regulatory Mechanism for improving Ease of Doing Business.

Mr. Shankar has a Masters in Political Science from Allahabad University and a Masters in Economics from Georgetown University, Washington D.C.

Mr. Shankar joined the Board on May 30, 2015

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