New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the appointment of Rajiv Bansal (IAS) as Chairman & Managing Director (CMD) of loss-making Air India Limited on Thursday. According to an order from the Department of Personnel & Training (DoPT), Bansal has been appointment as CMD of Air India in the rank and pay of Additional Secretary.
The appointment comes at a time when the government is looking to sell out its 100 percent stake in Air India and has been looking for a suitable buyer.
Bansal is a 1988-batch Indian Administrative Services (IAS) officer of Nagaland cadre. He is currently serving as Additional Secretary in the Ministry of Petroleum and Natural Gas (MoPNG). He is also on the board of ONGC Limited.
The ACC has approved the appointment of Rajiv Bansal as Chairman & Managing Director of Air India on Thursday. Bansal is an IAS officer of Nagaland cadre and is currently serving as Additional Secretary in the Ministry of Petroleum and Natural Gas
Bansal’s education & background
Bansal is a civil engineer by profession, having graduated from IIT Delhi in 1986. He has a diploma in Finance from ICFAI, Hyderabad, and an executive master’s in international business from IIFT, New Delhi.
Prior to joining Petroleum Ministry, he was serving in the Ministry of Electronics and Information Technology (MeitY) where he was looking after digital payments, IT Act, Aadhaar, and Internet Governance. During his career spanning almost 30 years, Bansal has worked as Secretary of Central Electricity Regulatory Commission (CERC), Joint Secretary, Department of Heavy Industries, and Director, Ministry of Civil Aviation. He has earlier been on the board of BHEL, NACIL, AYCL, Alliance Air, HMT and GITA. He has also held important assignments in the state government.