Indian Railway Finance Corporation Appoints Manoj Kumar Dubey as New CMD

New Delhi: Manoj Kumar Dubey has been appointed as the new Chairman and Managing Director of the Indian Railway Finance Corporation (IRFC). The appointment, based on a Search-cum-Selection Committee’s recommendation, comes after the CMD role had been filled on an interim basis for over two years. Dubey, an officer of the Indian Railway Accounts Service since 1993, has been serving as Director (Finance) at the Container Corporation of India (CONCOR).

IRFC, which was set up in 1986 to fund Indian Railways projects, has been operating with Shelly Verma as the interim CMD since 2021. The corporation plays a critical role in financing Indian Railways by raising funds from both domestic and international markets. Over the years, IRFC has financed the purchase of thousands of locomotives, passenger coaches, and freight wagons, contributing to the growth and modernization of the railway network.

With a market value of around INR 2.01 trillion, IRFC continues to be a key player in supporting the financial needs of Indian Railways as it works to expand and upgrade its infrastructure.

Also Read –

• Lenovo India names SK Venkataraghavan as Director, SSG