New Delhi: The Public Enterprises Selection Board (PESB) has recommended Mr. Rajneesh Narain for the post of Director (Finance) of Indian Railway Catering and Tourism Corporation Limited (IRCTC), a Schedule ‘A’ public sector enterprise. The recommendation was made during PESB Meeting No. 3/2026 held on Wednesday, January 21, 2026, at 8:45 AM.
Mr. Rajneesh Narain is currently serving as Director (Finance) at Northern Coalfields Limited (NCL) and brings with him extensive experience in financial management across major public sector undertakings.
Selection Process and PESB Meeting
The selection was carried out as part of a formal PESB interview process, during which the Board evaluated candidates on professional competence, leadership capabilities, and experience in handling complex financial operations in large PSUs.
A total of eight candidates were interviewed for the prestigious position, reflecting strong competition and a wide pool of senior finance professionals from leading public sector organizations.
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List of Interviewed Candidates
The candidates interviewed by PESB included:
- Mr. Satish Kumar Sinha – Executive Director, Finance & Accounts, GAIL (India) Limited
- Mr. Rajneesh Narain – Director (Finance), Northern Coalfields Limited
- Mr. Prabhat Himatsingka – Chief General Manager (Finance & Treasury), Indian Oil Corporation Limited
- Dr. Ranjay Choudhary – Chief General Manager, Power Finance Corporation Limited
- Mr. Sunil Kumar Goel – Executive Director (Finance), Indian Railway Finance Corporation Limited
- Mr. Himanshu Sekhar Panda – Chief General Manager, National Aluminium Company Limited
- Mr. Surendra Narayan Jena – Deputy General Manager (Finance), NMDC Limited
- Mr. Amar Jit Gautam – Principal Financial Advisor, North Eastern Railway
After careful assessment, PESB recommended Mr. Rajneesh Narain for the role.
Next Steps and Role Significance
The PESB recommendation will now be forwarded to the Appointing Authority for final approval. Upon confirmation, Mr. Narain is expected to play a key role in strengthening IRCTC’s financial planning, governance framework, and long-term strategic initiatives.
With his background in handling finance functions at a large coal PSU, his appointment is expected to add depth to IRCTC’s financial leadership at a time when the company continues to expand its catering, tourism, and rail-based services.
About IRCTC
Indian Railway Catering and Tourism Corporation Limited (IRCTC) is a Miniratna PSU under the Ministry of Railways. It is responsible for catering services, online ticketing, tourism activities, and packaged drinking water across the Indian Railways network, playing a vital role in enhancing passenger services and travel experience nationwide.
