Public Sector Enterprise Manoj Kumar Dubey was named CEO, Chairman, and Managing Director of Indian Railways Financial Corporation on Wednesday. His appointment will remain in place for five years, starting on the day he takes over the role and ending on further instructions, whichever comes first.
After passing the Civil Services exam on his first try, Dubey enlisted in the Indian Railway Accounts Service (IRAS) in the 1993 batch. He carried out important projects during his distinguished career with Indian Railways, including the adoption of e-tendering and eauction systems, the nearly universal payment of salaries through banks, and the digitalization of bill processing, pension settlements, and provident fund management.
His leadership and creative methods earned him the 2011 National Award for Outstanding Service at the Minister of Railways level.
Additionally, he has been instrumental in the establishment of locomotive factories through PPP/FDI at Madhepura and Mahrora, in collaboration with General Electricals, USA, and ALSTOM, France. These projects were part of his numerous prestigious responsibilities in the Public-Private Partnership (PPP) Directorate and Finance Commercial Directorate of the Railway Board.
His services to the PPP Directorate of the Railway Board, Ministry of Railways, drove the high-speed rail and dedicated freight corridor projects.
In addition, he served on the boards of directors of Alstom of France and IR, General Electricals of the USA and IR, and NMDC, SAIL, and Indian Railways. He assumed the role of CFO and Director of Finance at CONCOR. Serving as CONCOR’s Director of Finance and Chief Financial Officer, he has been instrumental in driving organizational restructuring and carrying out significant capital project ideas. Under his leadership, the corporation worked with Indian Railways to resolve a number of long-standing concerns with tariff structure and leased land. There was a sharp increase in shareholder confidence, as shown by the sharp increase in the number of shareholders from around 55,000 to almost 300,000.
Dubey completed his undergraduate and graduate studies at the University of Delhi’s Hindu College. He completed his MBA at the Indian School of Mines in Dhanbad, where he was awarded the batch’s overall Silver Medal for 2011–13 by the Indian President at the time. Prior to passing the Civil Services Exam, he had great success in the financial industry at UTI. There, he was instrumental in bringing the rural populace into a number of lucrative mutual fund schemes, demonstrating his commitment to inclusive financial prosperity.
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