New Delhi: Indian Railway Finance Corporation Limited (IRFC), a Government of India enterprise, has appointed Mr. Alok Tiwari, a 2007-batch IAS officer from the Uttar Pradesh cadre and currently Joint Secretary at the Infrastructure Finance Secretariat, Department of Economic Affairs, as a Part-Time Government Nominee Director on its Board.
He succeeds Mr Baldeo Purushartha, with the appointment taking effect immediately.
Appointment Details and Effective Date
The appointment is valid until further orders or as long as Mr Tiwari continues to hold the position of Joint Secretary in the Infrastructure Finance Secretariat. The Ministry of Railways communicated the change through its order No. 2022/PL/57/10 dated December 3, 2025, which IRFC received on December 4, 2025.
Strengthening Governance and Oversight
IRFC has initiated all necessary formalities to complete the appointment and ensure timely disclosure in compliance with SEBI Listing Regulations, 2015. The move is expected to further strengthen the company’s governance, oversight, and strategic direction in mobilizing financial resources for railway infrastructure projects across India.
Key Details of the Appointment
The appointment is effective December 4, 2025, and will continue till further orders or as long as Mr. Tiwari serves as Joint Secretary, Infrastructure Finance Secretariat, Department of Economic Affairs. IRFC is in the process of completing all formalities, including disclosures under Regulation 30 of SEBI (LODR) and Schedule III requirements.
The appointment of Mr. Tiwari is expected to reinforce IRFC’s capacity to support India’s railway infrastructure development by ensuring strong governance and strategic oversight at the board level.
About Alok Tiwari
Mr Tiwari, a 2007-batch IAS officer from the Uttar Pradesh cadre, currently serves as Joint Secretary in the Department of Economic Affairs, New Delhi. Born on 23 October 1978, he holds a B.Tech. in Mechanical Engineering and is fluent in English and Hindi. With significant experience in administrative roles, particularly at the central level, he contributes extensively to economic governance and public welfare through his dedicated service.
About (IRFC)
Established as the dedicated financing arm of Indian Railways, IRFC is the largest issuer of public sector bonds in India. The corporation’s primary role is to raise funds from the market to finance the acquisition of rolling stock assets, infrastructure, and other railway projects.
IRFC’s consistent dividend payouts and strong financial performance have established it as a reliable government-backed investment avenue. The company’s presence in the financial institutions sector, combined with its strategic importance to India’s transport infrastructure, makes it a key player in India’s growth story.
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