Mr. Naresh Takkar is the Managing Director of ICRA. Mr. Takkar is a Chartered Accountant from the Institute of Chartered Accountants of India and holds a Bachelor's Honours Degree in Commerce from the University of Delhi. He has been associated with ICRA for over 18 years now. Mr. Takkar has led ICRA's teams for rating many first-time transactions in India, including the first future flow securitisation, collateralised debt obligation, partial guarantee structure, and whole business secrutisation, besides spearheading ICRA's initiatives in introducing concepts like corporate governance rating in the domestic market. He has led ICRA's teams for developing analytical criteria for various sectors, including corporate entities, banks, project finance, structured finance, and corporate governance, and has handled rating assignments in diverse areas including structured finance, financial sector and corporate sector including power, telecommunications, roads, utilities and real estate entities, among others.