Manoj Kumar Dubey has been appointed as the Chairman and Managing Director (CMD) of IRFC Limited, following a directive from the Ministry of Railways issued on October 9. According to the announcement, Mr. Dubey will also serve as the Chief Executive Officer (CEO) of the company, with his tenure set for five years starting from the date he assumes office or until further notice.
Mr. Dubey holds both undergraduate and postgraduate degrees from Hindu College, University of Delhi, and earned an MBA from the Indian School of Mines, Dhanbad, where he received the Silver Medal for being the top student in his graduating class from 2011 to 2013.
Before successfully clearing the Civil Services Examination on his first attempt and joining the Indian Railway Accounts Service (IRAS) in the 1993 batch, he made notable contributions to the financial sector with UTI, where he helped integrate rural populations into profitable mutual fund schemes, showcasing his commitment to inclusive financial development.
Throughout his career in Indian Railways, Mr. Dubey has played a key role in several significant initiatives, including the widespread adoption of bank payments for salaries, the introduction of e-tendering and e-auction systems, and the digitalization of processes related to bill payments, pension distributions, and provident fund management. His leadership and innovative strategies earned him the National Award for Outstanding Service from the Minister of Railways in 2011.
He has also served on the Board of Directors for joint ventures involving General Electric of the USA, Alstom of France, NMDC, and SAIL, as well as Indian Railways. Since becoming Director (Finance) and CFO of CONCOR on October 31, 2018, Mr. Dubey has driven corporate restructuring and the implementation of substantial capital expenditure plans. Under his leadership, CONCOR has successfully addressed various longstanding issues with Indian Railways regarding leased land and tariff structures, significantly increasing shareholder confidence, which led to a rise in the number of shareholders from around 55,000 to nearly 300,000.
