Manoj Kumar Dubey Takes Charge as CMD and CEO of IRFC
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.
Dubey’s Vision for IRFC
Dubey expressed his honor in leading IRFC during a pivotal time for India’s growth. He emphasized the importance of being part of the Viksit Bharat 2047 strategy, highlighting the advancements in India’s rail infrastructure under Prime Minister Narendra Modi and Minister of Railways Ashwini Vaishnaw. The rapid expansion of railway routes and the launch of Vande Bharat Express are notable achievements.
IRFC’s Market Position
IRFC boasts a net worth of Rs 50,755 crore and a market capitalization of over Rupees Two lakh crore, ranking it among the top public sector units in India. Dubey aims to further strengthen IRFC’s growth by expanding its lending portfolio and exploring co-lending opportunities.
Dubey’s Background and Achievements
Dubey, an alumnus of Hindu College and IIT-ISM Dhanbad, has a strong background in financial management. He previously served as Director (Finance) and CFO of Container Corporation of India, where he led transformative initiatives. His innovative approach earned him the National Award for Outstanding Service in 2011.
Future Plans
Dubey plans to align IRFC’s efforts with the PM Gati Shakti programme and support India’s vision of Aatmanirbhar Bharat. He has also been involved in Public-Private Partnership projects and has extensive experience in international bidding for mega projects.
Doubts Revealed
CMD -: CMD stands for Chairman and Managing Director. It is a top position in a company where the person is responsible for making important decisions and managing the company’s operations.
CEO -: CEO stands for Chief Executive Officer. This person is the highest-ranking executive in a company and is responsible for making major corporate decisions and managing the overall operations and resources of a company.
Indian Railway Finance Corporation -: The Indian Railway Finance Corporation (IRFC) is a company that provides financial support to the Indian Railways. It helps in raising money for railway projects and buying trains and other equipment.
Indian Railway Accounts Service -: The Indian Railway Accounts Service (IRAS) is a group of officers in India who manage the financial and accounting aspects of the Indian Railways. They ensure that the money is spent wisely and keep track of all financial transactions.
Viksit Bharat 2047 -: Viksit Bharat 2047 is a vision for India’s development by the year 2047, which marks 100 years of India’s independence. It aims to make India a developed country with better infrastructure, economy, and living standards.
PM Gati Shakti -: PM Gati Shakti is a government initiative in India to improve infrastructure and logistics. It aims to make transportation and movement of goods faster and more efficient across the country.
