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Senior IAS officer Sanjay Kaul has assumed charge as the Managing Director and Group CEO of Gujarat International Finance Tec-City (GIFT City), India's first operational smart city and International Financial Services Centre (IFSC). Kaul, a 2001-batch officer, succeeded Tapan Ray, who had been leading the institution since 2019. Kaul brings over 20 years of experience across public policy, infrastructure, and finance. His academic background includes degrees in electronics engineering and public policy from prestigious Indian and US institutions.
Senior Indian Administrative Service officer Sanjay Kaul has taken over as the Managing Director and Group Chief Executive Officer of GIFT City, India's premier smart city and international financial services hub located in Gujarat. He succeeded Tapan Ray, who held the position since 2019 and is credited with steering the city through a period of significant development and institutional consolidation. Advertisement
Kaul, a native of Gujarat and a 2001-batch IAS officer, comes with over two decades of experience spanning public policy, infrastructure development, technology, and financial systems. He had most recently served as Joint Secretary in the Ministry of Culture and has previously led organisations such as Gujarat Informatics Ltd and the Tourism Corporation of Gujarat Ltd. His academic credentials include a degree in Electronics and Communication Engineering from the National Institute of Technology, Surat, and a professional qualification in Public Policy from Syracuse University, New York.
GIFT City, developed as India's first IFSC, plays a critical role in positioning the country as a global financial powerhouse. It serves as a key enabler for international transactions in banking, insurance, and capital markets, offering a regulatory ecosystem on par with global standards.
With his extensive background in public administration and technology-led initiatives, Kaul is expected to bring fresh momentum to the project. As the first IFSC in India continues to evolve, his leadership may help bridge governance, innovation, and international finance more effectively.
Source - PTI
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