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

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

Details

Professional Background

• Manoj Kumar Dubey previously worked as Director (Finance) and Chief Financial Officer for the Container Corporation of India (CONCOR).

• He has a good background in financial management and strategic operations.

Vision of India's Economic Advancement

• Dubey expressed delight in guiding the IRFC at a vital time for India's progress.

• He emphasized the need to integrate IRFC with Prime Minister Narendra Modi's Viksit Bharat 2047 strategy.

Progress in Railway Infrastructure

Dubey praised Prime Minister Modi and Railway Minister Ashwini Vaishnaw for their efforts to strengthen the railway infrastructure.

Notable achievements include-

• Launch of Vande Bharat Express

• Rapid growth of railway routes and increased freight train capacity and speed.

• Over the recent decade, 14,985 kilometers of new railway tracks have been built, exceeding wealthy nations such as France.

• The overall track length has more than quadrupled, from 14,000 kilometres (2004-2014) to over 31,000.

IRFC's Market Position

• Dubey is proud to join an organization with a net worth of Rupees 50,755 crore and trust from over 51 lakh shareholders, one of the highest for any company in India.

• IRFC's market valuation exceeds Rupees 2 lakh crore, placing it among the top PSUs and enterprises in the country.

Role And Responsibilities of the IRFC

• Established in 1986, the IRFC raises funds from domestic and international markets to meet the Extra Budgetary Resources (EBR) requirements of Indian Railways.

• Dubey intends to accelerate IRFC's growth and diversify its lending portfolio by investigating co-lending opportunities with infrastructure finance businesses.

• Plans to collaborate with the PM Gati Shakti programme to further India's objective of Aatmanirbhar Bharat (self-sufficient India).

Educational Qualifications And Achievements

• Dubey graduated from Hindu College at the University of Delhi and earned an MBA from IIT-ISM Dhanbad, where he was awarded the Silver Medal for topping his batch.

• His extensive experience with Indian Railways includes driving programs such as e-tendering, e-auction systems, and digitization of salary and pension processes.

• He received the National Award for Outstanding Service from the Minister of Railways in 2011.

Experience with public-private partnerships

• Dubey has played an important role in several Public-Private Partnership (PPP) projects, including the establishment of locomotive plants with international partners.

• He has vast experience in tariff structuring and international bidding for megaprojects, which has helped him build a strong name in the infrastructure business.

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