IRFC Welcomes Manoj Kumar Dubey as New CMD and CEO

On October 10, Manoj Kumar Dubey, a 1993-batch Indian Railway Accounts Service officer, was appointed as the Chairman and Managing Director (CMD) and Chief Executive Officer (CEO) of the Indian Railway Finance Corporation (IRFC). IRFC is a miniratna public sector enterprise under the Ministry of Railways.

Details

Professional Background

• Manoj Kumar Dubey previously served as Director (Finance) and Chief Financial Officer at the Container Corporation of India (CONCOR).
• He has a strong track record in financial management and strategic operations.

Vision for India’s Economic Advancement

• Dubey expressed pride in leading IRFC during a critical period for India’s growth.
• He highlighted the goal of aligning IRFC with the Viksit Bharat 2047 strategy outlined by Prime Minister Narendra Modi.

Progress in Railway Infrastructure

• Dubey acknowledged the flourishing railway infrastructure under the guidance of Prime Minister Modi and Railway Minister Ashwini Vaishnaw.

Notable achievements include

• Launch of the Vande Bharat Express
• Rapid expansion of railway routes and enhancement of freight train capacity and speed.
• Construction of 14,985 km of new railway tracks in the last decade, surpassing developed nations like France.
• The total track length has more than doubled from 14,000 km (2004-2014) to over 31,000 km.

IRFC’s Market Position

• Dubey expressed pride in joining an organization with a net worth of ₹50,755 crore and trust from over 51 lakh shareholders, one of the highest for any company in India.
• IRFC has a market capitalization exceeding ₹2 lakh crore, ranking among the top PSUs and companies in the country.

Role and Responsibilities of IRFC

• Established in 1986, IRFC mobilizes funds from domestic and international markets to meet the Extra Budgetary Resources (EBR) needs of Indian Railways.
• Dubey aims to strengthen IRFC’s growth trajectory and expand its lending portfolio, exploring co-lending opportunities with infrastructure finance companies.
• Plans to align efforts with the PM Gati Shakti programme to support India’s vision of Aatmanirbhar Bharat (self-reliant India).

Educational Qualifications and Achievements

• Dubey is an alumnus of Hindu College, University of Delhi, and holds an MBA from IIT-ISM Dhanbad, where he received the Silver Medal for topping his batch.
• His long-standing service in Indian Railways includes spearheading initiatives like e-tendering, e-auction systems, and digitization of salary and pension processes.
• He was awarded the National Award for Outstanding Service from the Minister of Railways in 2011.

Experience in Public-Private Partnerships

• Dubey has played a crucial role in various Public-Private Partnership (PPP) projects, including establishing locomotive factories with international partners.
• He possesses extensive experience in tariff structuring and international bidding for mega projects, enhancing his reputation in the infrastructure sector.