IRFC re-appoints Vallabhbhai Maneklal Patel as Independent Director

New Delhi: Indian Railway Finance Corporation Limited (IRFC), a public sector undertaking under the Ministry of Railways, has announced the reappointment of Vallabhbhai Maneklal Patel as a Part-time Non-Official Independent Director on its Board. The appointment, effective April 16, 2025, has been approved by the Board of Directors through a resolution passed by circulation, following an order issued by the Ministry of Railways.

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Patel, who holds a Bachelor’s degree in Commerce from Gujarat University, brings extensive experience in business, finance, and cooperative banking. Since 1998, he has been associated with Ganesh Ginning & Pressing Factory, managing its operations and contributing significantly to the cotton processing sector. He has represented the industry in prominent forums such as FICCI and the Cotton Ginning and Pressing Association.

He also held key leadership roles in cooperative banking, having served as Vice Chairman of Kadi Nagrik Sahakari Bank Limited (2002–2005) and currently serves on the Advisory Board of The Kalupur Commercial Cooperative Bank Limited in Gandhinagar.

Patel is actively involved in philanthropic and educational initiatives. He is the Chairman of Sarva Vidyalaya Kelvani Mandal and currently serves as President of Kadi Sarva Vishwavidyalaya, Gandhinagar. Additionally, he leads Kava Patidar Kelvani Uttejak Mandal and is a Director at Sarva Vidyalaya Innovation Foundation, a Section 8 not-for-profit entity.

In line with SEBI regulations, IRFC confirmed that Patel is not related to any Director or Key Managerial Personnel of the company and holds no shares in IRFC. He has also affirmed that he is not debarred from holding the office of Director by any regulatory authority.

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