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Amitabh Kant

Revolving door

Amitabh Kant

IAS 1980, Kerala cadre (retired)

10days after leaving India's G20 Sherpa. Then Fairfax Financial Holdings Ltd, HCL Technologies Ltd, InterGlobe Aviation Ltd, and others.

The cooling-off rule

16 Jun 2025 (resignation as G20 Sherpa announced) to 26 Jun 2025 (Fairfax announcement). Later moves: HCLTech 84 days, IndiGo 91, L&T 135, ITC 199.

The rule: All India Services (Death-cum-Retirement Benefits) Rules, 1958, rule 26: a pensioner shall not accept commercial employment within one year of retirement without previous sanction of the Central Government.

Rule 26 counts one year from the date of retirement from the Service. Kant retired from the IAS before his NITI Aayog/G20 contract posts (The Hindu calls him 'a retired 1980-batch' officer); his superannuation date and whether any sanction was sought for the Fairfax role are not on record in sources found. IndiGo appointment followed MoCA security clearance (a separate aviation-sector requirement).

Before and after

  1. Documented

    India's G20 Sherpa

    Earlier: CEO, NITI Aayog 2016–2022; Secretary, DIPP

    The Hindu · Business Standard

  2. 10 days after leaving.

  3. Documented

    Fairfax Financial Holdings Ltd

    Senior Advisor

    Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“ Fairfax ”) is pleased to announce that it has welcomed Mr. Amitabh Kant as a Senior Advisor to Fairfax.

    Fairfax Financial Holdings · Business Standard · Mint

  4. Documented

    HCL Technologies Ltd

    Independent Director

    HCLTech , a leading global technology company, today announced the appointment of Amitabh Kant as an Independent Director with effect from September 8, 2025.

    HCLTech · ITC Ltd

  5. Documented

    InterGlobe Aviation Ltd (IndiGo)

    Additional Director, non-executive non-independent

    His appointment took effect on September 15, after receiving the mandatory security clearance from the Ministry of Civil Aviation (MoCA).

    Business Standard · ITC Ltd

  6. Documented

    Larsen & Toubro Ltd

    Independent Director (Additional Director), 5 years

    appointment of Amitabh Kant as a non-executive, Independent Director (Additional Director) of the company for a term of 5 years with effect from October 29, 2025, up to and including October 28, 2030, subject to approval of shareholders of the company

    Business Standard · ITC Ltd

  7. Documented

    ITC Ltd

    Independent Director

    Amitabh Kant (70) was appointed as an Independent Director on the ITC Board effective January 1, 2026.

    ITC Ltd

What the office had to do with the company

No dated official decision or contact between Kant (in office) and Fairfax or its Indian companies was found. Businessworld: 'There is no public evidence that Kant had a role in the IDBI transaction while in government, or that his Fairfax advisory assignment covered IDBI.' The IDBI EoI (7 Oct 2022) was issued while Kant was G20 Sherpa; no source puts him in the IDBI process. Congress (Pawan Khera, 30 Oct 2026) asked 'What is the role of Amitabh Kant in the IDBI Bank disinvestment deal?' — a question, not a sourced overlap.

    What was said

    Response: Prem Watsa, Chairman & CEO, Fairfax (on hiring), 26 Jun 2025
    “what we really value is his high integrity and alignment with the values of Fairfax” fairfax.ca
    Response: Amitabh Kant (LinkedIn, on leaving government), 16 Jun 2025
    “I now look forward to contributing to India’s transformational journey towards Viksit Bharat by facilitating and supporting free enterprise, startups, think tanks, and academic institutions,” thehindu.com
    Response: Nirmala Sitharaman, Finance Minister (on the IDBI sale generally, not on Kant), 30 Oct 2026
    “all due process has been followed” livemint.com

    No statement by Kant on the IDBI questions was found as of 31 Oct 2026.

    Sources

    Dates and filings placed side by side; being listed is not a finding of wrongdoing. Sources were opened on Oct 2026.

    Photo: World Travel & Tourism Council (Flickr), via Wikimedia Commons, CC BY 2.0