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.

Summary/Static	Details
Why in the news?	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).
Previous Experience	– Director (Finance) & CFO at Container Corporation of India (CONCOR). – Extensive experience in financial management and strategic operations.
Vision for Economic Advancement	– Align IRFC with the Viksit Bharat 2047 strategy outlined by PM Modi.
IRFC’s Market Position	– Net worth: ₹50,755 crore. – Over 51 lakh shareholders and a market capitalization exceeding ₹2 lakh crore.