New Delhi: The Ministry of Railways has entrusted Ms. Richa Khare, IRAS, Principal Financial Advisor (PFA) of Western Railway, with the additional responsibility of Director (Finance) at Mumbai Railway Vikas Corporation Ltd. (MRVC). The appointment takes effect from the date she assumes charge and will remain valid until further orders.
Additional Charge to Strengthen Financial Oversight
According to the ministry’s order issued on December 1, 2025, Ms. Khare will continue to serve in her existing capacity as PFA, Western Railway, while simultaneously overseeing the financial operations at MRVC. The dual role is expected to enhance financial governance and streamline investment monitoring for key suburban rail development projects in the Mumbai metropolitan area.
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Coordination with Key Departments
The Railway Ministry has instructed MRVC to confirm the date on which Ms. Khare formally takes charge. The order has been forwarded to senior officials across the Railway Board, Western Railway, MRVC, and the Department of Personnel & Training (DoPT) to ensure seamless administrative coordination.
Strengthening MRVC’s Financial Leadership
The assignment comes at a critical time when MRVC is advancing multiple high-value infrastructure works, including suburban rail capacity expansion, station upgrades, and network modernization in Mumbai. Enhanced financial oversight is viewed as an important element in ensuring timely execution and better fund utilization for ongoing and upcoming projects.
About MRVC
Mumbai Railway Vikas Corporation Ltd. (MRVC) is a Public Sector Undertaking under the Ministry of Railways, responsible for executing rail infrastructure projects under the Mumbai Urban Transport Project (MUTP). The PSU plays a central role in modernizing Mumbai’s suburban rail system, improving commuter capacity, enhancing safety, and developing long-term transport solutions for the metropolitan region.
