NEW DELHI, Feb 22: Sanjeev Kaushik, a 1992 batch IAS officer of Kerala cadre, has taken over as the Executive Director of state-owned India Infrastructure Finance Company Ltd (IIFCL). Prior to joining IIFCL, Kaushik was handling financial markets in the Department of Economic Affairs in Finance Ministry. Among others, he has been the Member Secretary of the committee to liberalise depository receipts, member of SEBI Committee on harmonisation of portfolio flows and also a member of the SEBI Committee on disclosure and accounting. IIFCL's net profit for 9 months ended December 2014 rose 59 per cent to Rs 597 crore over the corresponding period of previous fiscal. During the period, the company's gross sanctions stood at Rs 10,527 crore as against Rs 4,071 crore in the same period a year ago. Recently, IIFCL had paid an interim dividend of Rs 0.80 per share of face value of Rs 10 each, amounting to Rs 282.54 crore, for 2014-15.