The Indian Railway Finance Corporation (IRFC) has announced a significant leadership transition. Ms. Laya Madduri, Joint Secretary at the Infrastructure Finance Secretariat, Department of Economic Affairs, has been appointed as a Part-time Government Nominee Director. She replaces Sh. Alok Tiwari, effective from May 6, 2026. The company is currently completing the necessary formalities regarding this board-level appointment.
Board Appointment Details
Following the directive issued by the Ministry of Railways on May 6, 2026, IRFC has officially integrated Ms. Laya Madduri into its board. Ms. Madduri, who serves as the Joint Secretary for the Infrastructure Finance Secretariat, brings her expertise from the Department of Economic Affairs to her new role as a Part-time Government Nominee Director.
Leadership Transition
This appointment marks the departure of Sh. Alok Tiwari from the board. The change in directorship is effective immediately and will continue until the appointee holds her current position as Joint Secretary, or until further notice from the government. The company is in the process of finalizing all requisite administrative procedures to formalize this change in leadership.
Source: BSE
