Marking the beginning of what he termed the “IRFC 2.0 era,” Indian Railway Finance Corporation’s CMD Manoj Kumar Dubey on Friday outlined a long-term strategic vision for the Navratna CPSE at its 40th Foundation Day Celebration, declaring that IRFC is firmly positioned to cross `60,000 crore in sanctions by Q3.
He said that this achievement signals the organisation’s strong fundamentals, disciplined financial architecture and renewed strategic focus, setting the tone for the next phase of IRFC’s growth story. Addressing the delegates comprising serving and retired Indian Railway Accounts Service officers, Dubey said, “Forty years is not just a milestone for IRFC; it is a testament to the trust this institution has earned through discipline, stability and an unwavering commitment to national development. As we look ahead, our shared ambition is to elevate IRFC to even greater heights over the coming years, backed by sound fundamentals and a future-ready strategy.”
He further highlighted that the organisation is set to exceed its internal business targets for the year. “We are moving decisively towards crossing `60,000 crore in sanctions by Q3. This reflects the confidence our partners place in us, the expanding role of IRFC in the national financing landscape and the growing capex appetite across the railway ecosystem,” Dubey noted.
The Foundation Day also featured a technical conclave attended by Aparna Garg, Member Finance, Railway Board, who acknowledged IRFC’s critical role in empowering the financial strength of Indian Railways over the past four decades. Her presence underscored the deep institutional partnership between IRFC and the Railway Board in driving forward India’s infrastructure priorities.
At the celebrations, NP Srivastava, former CMD of IRFC, was honoured with the title Legend of IRFC for his foundational contributions to the organisation and to the wider railway financing ecosystem. His stewardship was recalled as an era that shaped IRFC’s institutional culture, strengthened its financial architecture and laid the groundwork for its rise as a globally recognised infrastructure financing institution.
Reflecting on the organisation’s legacy, Dubey said, “IRFC stands tall today because of the values, discipline and vision seeded by its leaders and carried forward by every member of this fraternity. As we celebrate 40 years, we honour not just our achievements but also the people who shaped them. The recognition bestowed upon NP Srivastava is a tribute to a legacy that continues to inspire this institution.”
Sessions at the conclave highlighted IRFC’s evolving role in rolling stock financing, its expanding participation in allied sectors and the corporation’s growing global benchmarks in efficiency and governance. The evening concluded with a cultural programme featuring renowned singer and composer Papon, whose performance added warmth, emotion and a celebratory spirit to the landmark occasion. IRFC CMD Manoj Kumar Dubey extending a courtesy visit to Railway Board Member Finance Usha Venugopal on the occasion of IRFC’s Foundation Day on Friday
