New Delhi: Manoj Kumar Dubey (IRAS) has been appointed as the Chairman & Managing Director (CMD) of IRFC Limited. According to the company, the Ministry of Railways in its order issued on October 9, has appointed him as an Additional Director to be designated as CMD on the Board of IRFC and also designated as CEO of the company.
"Dubey has been appointed to the post a period of five years with effect from the date of his assumption of charge of the post, or until further orders, whichever is earlier," IRFC said in a regulatory filing to the stock exchanges on Wednesday.
Dubey has done graduation and post-graduation from the Hindu College of the University of Delhi. He has done MBA from Indian School of Mines, Dhanbad and was conferred the overall Silver Medal for the batch 2011-13 from the then President of India for topping the batch.
Before clearing the Civil Services Examination on his very first attempt and joining the Indian Railway Accounts Service (IRAS) in the 1993 batch, he made significant strides in the financial sector with UTI, where he played a pivotal role in integrating rural masses into various profitable mutual fund schemes, a testament to his vision and commitment to inclusive financial growth.
During his career with Indian Railways, he was instrumental in implementing key initiatives such as the near-universal payment of salaries through banks, the introduction of e-tendering and eauction systems, and the digitalization of bill processing, pension settlements, and provident fund management. His visionary leadership and innovative approaches earned him the National Award for Outstanding Service at the Minister of Railways level in 2011.
He was in the Board of Directors of a Joint Venture Company of General Electricals of USA and IR, Alstom of France and IR, and a Joint Venture Company of NMDC, SAIL and Indian Railways. He took over as Director (Finance) & CFO of CONCOR on October 31, 2018.
As the Director (Finance) & CFO of CONCOR, he has been a catalyst for corporate reorganization and the execution of large capital expenditure proposals. Under his stewardship, the company resolved numerous legacy issues with Indian Railways concerning leased land, tariff structure etc.; and shareholder confidence soared, evidenced by a meteoric rise in shareholder numbers from approximately 55,000 to around 300,000.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)