Manoj Kumar Dubey Appointed as CMD and CEO of IRFC
| 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. |
| Progress in Railway Infrastructure | - Launch of Vande Bharat Express. - Construction of 14,985 km of new railway tracks in the last decade. - Total track length more than doubled from 14,000 km (2004-2014) to over 31,000 km. |
| IRFC's Market Position | - Net worth: ₹50,755 crore. - Over 51 lakh shareholders and a market capitalization exceeding ₹2 lakh crore. |
| 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. |
| Educational Qualifications and Achievements | - Alumnus of Hindu College, University of Delhi, and holds an MBA from IIT-ISM Dhanbad. - Awarded the National Award for Outstanding Service from the Minister of Railways in 2011. |
| Experience in Public-Private Partnerships | - Played a crucial role in various Public-Private Partnership (PPP) projects. - Extensive experience in tariff structuring and international bidding for mega projects. |