Indian Railway Finance Corporation (IRFC) has announced the appointment of Ms. Laya Madduri, an IAS officer and Joint Secretary in the Department of Economic Affairs, as a Part-time Government Nominee Director. Effective May 7, 2026, her appointment serves to strengthen the company’s board governance. Ms. Madduri brings extensive experience in public finance, infrastructure development, and institutional governance to the IRFC leadership team.
Leadership Change at IRFC
Indian Railway Finance Corporation (IRFC) has officially confirmed the appointment of Ms. Laya Madduri to its Board of Directors. Serving as a Part-time Government Nominee Director, her tenure is effective from May 7, 2026, and will continue as long as she holds the position of Joint Secretary within the Infrastructure Finance Secretariat at the Ministry of Finance.
Professional Background and Expertise
Ms. Laya Madduri is a seasoned IAS officer with a robust academic and professional background, including a B.E. (Hons) in Mechanical Engineering from BITS Pilani. Her career spans significant roles in public administration and finance, including:
- Infrastructure Financing: Current role as Joint Secretary in the Department of Economic Affairs.
- Strategic Governance: Previous experience as Secretary to the Government of Assam across multiple key departments.
- Financial Management: Former Managing Director of the Assam Financial Corporation.
- International Relations: Extensive experience handling matters related to the International Monetary Fund (IMF) and the World Bank.
Commitment to Corporate Governance
The company has confirmed that Ms. Madduri is not related to any existing Director or Key Managerial Personnel (KMP) within IRFC. Furthermore, she holds nil shares in the company, ensuring a clear professional association. Her addition to the Board is expected to provide valuable expertise in economic policy and institutional governance, further aligning IRFC’s strategic initiatives with national infrastructure goals.
Source: BSE
