Indian Railway Finance Corporation has appointed Shri Ranjay Choudhary as Director (Finance) and Ms. Deepa Kotnis as CFO, effective June 30, 2026. This strengthens financial governance with experienced professionals.

Indian Railway Finance Corporation Ltd. Announces Key Leadership Appointments

Shri Ranjay Choudhary appointed Director (Finance); Ms. Deepa Kotnis appointed CFO, effective June 30, 2026.

Reader Takeaway: New finance leadership brings extensive experience; appointments align with governance norms.

What just happened

Indian Railway Finance Corporation (IRFC) has announced significant changes in its top financial leadership. Shri Ranjay Choudhary has been appointed as the new Director (Finance), and Ms. Deepa Kotnis will serve as the new Chief Financial Officer (CFO) and Key Managerial Personnel. These appointments are effective from June 30, 2026.

Why this matters

These appointments are crucial for the company's financial governance. Both appointees bring substantial experience in finance and public sector roles, suggesting a focus on stability and expertise in managing the company's financial operations and funding strategies.

The backstory

Shri Ranjay Choudhary brings over 29 years of experience in finance, accounts, loan appraisal, and treasury management, having worked with organizations like Power Finance Corporation (PFC), NTPC, and Food Corporation of India (FCI). Ms. Deepa Kotnis, an Indian Railway Accounts Service officer, has over 27 years of experience in public finance, infrastructure funding, and financial management, with prior roles at South Western Railway and Bangalore Metro Rail Corporation.

What changes now

Shri Randhir Sahay will cease to hold the additional charge of Director (Finance) and CFO. The new appointees will take over their respective roles, bringing their specific expertise to IRFC's financial strategy and operations.

Governance and Compliance

IRFC confirmed that these appointments were made following recommendations from its Nomination and Remuneration Committee and Audit Committee. The process adheres to the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Context Metrics

As of June 30, 2026, Shri Ranjay Choudhary holds 50 equity shares in IRFC, and Ms. Deepa Kotnis holds 1,000 equity shares in the company.

What to track next

Investors will be keen to see how the new leadership steers IRFC's financial strategy, particularly concerning its role in funding railway infrastructure projects.