New Delhi: The Government of India has approved the appointment of Mr. Rajneesh Narain as the new Director (Finance) of Indian Railway Catering and Tourism Corporation (IRCTC). He will serve in the role on an immediate absorption basis until his superannuation on June 30, 2030, or until further orders, whichever is earlier.
The appointment has been cleared by the Competent Authority under the Ministry of Railways and comes into effect from the date he assumes charge.
Current Role and Professional Background
Prior to this appointment, Mr. Rajneesh Narain was serving as Director (Finance) at Northern Coalfields Limited, a key subsidiary of Coal India Limited.
With extensive experience in financial management and public sector enterprise operations, his transition to IRCTC is expected to strengthen the company’s financial governance and strategic planning functions.
Pay Scale and Tenure Details
According to official communication issued on June 11, 2026, the appointment has been made in the IDA pay scale of ₹1,80,000–₹3,40,000.
Key highlights of the tenure include:
- Appointment on an immediate absorption basis
- Tenure valid until June 30, 2030 (superannuation date)
- Subject to earlier termination or further orders by the competent authority
- Effective from the date of assumption of charge
Regulatory Compliance and Disclosures
Indian Railway Catering and Tourism Corporation (IRCTC) has informed stock exchanges that it is completing all necessary procedural formalities in accordance with:
- Companies Act, 2013
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The company has stated that further disclosures regarding the appointment will be made in due course to ensure full regulatory compliance and transparency.
The appointment falls under the administrative oversight of the Ministry of Railways.
About IRCTC
Indian Railway Catering and Tourism Corporation (IRCTC) is a Miniratna Public Sector Undertaking under the Ministry of Railways. It plays a key role in India’s railway ecosystem by managing online ticketing services, onboard catering, packaged drinking water under the Rail Neer brand, and domestic as well as international tourism services.
Read also: IRCTC Announces Senior Management Changes to Boost IT, Catering, and HR Operations
