Dr. Sachin Balkrishna Sabnis Appointed as Additional Director (Independent Director) at IRCTC
Indian Railway Catering and Tourism Corporation Limited (IRCTC), a Government of India Enterprise, has appointed Dr. Sachin Balkrishna Sabnis as an Additional Director (Independent Director). The appointment was formalized on August 13, 2026.Dr. Sabnis's tenure is set to continue until the order issued by the Ministry of Railways, Govt. of India, determines otherwise.
Professional Background and Experience
The appointment comes after confirming that Dr. Sabnis holds no relationship with any existing Director or Key Managerial Personnel (KMP) of IRCTC and reports zero equity shares in the company.Dr. Sachin Balkrishna Sabnis is described as a first-generation entrepreneur and industrialist based on over three decades of experience in the engineering and manufacturing sector. His professional journey began after graduating with a Mechanical Engineering degree from K.L.E. College of Engineering, Belagavi, in 1993.
He established M/s Sai Founders & Engineers in 1995 and later founded Belgaum Ferrocast India Pvt. Ltd. (BFPL) in 2006 after gaining experience through M/s Sai Metals in 2001.
Key Details of Dr. Sabnis’s Profile
| Particular | Detail |
|---|---|
| Date of Birth | February 16, 1972 |
| Primary Profession | Entrepreneur and Industrialist (Engineering/Manufacturing) |
| Current Company Involvement | Belgaum Ferrocast India Pvt. Ltd. (BFPL) |
| BFPL Metrics | Annual turnover of approximately ₹100 crore; Production capacity of around 15,000 MT; Workforce exceeding 600 employees. |
| Associations | Central Board of Trustees of Employees' Provident Fund Organisation (EPFO); Board of Governors of the National Institute of Advanced Manufacturing Technologies (NIAMT), Ranchi. |
| Industry Roles | President of Laghu Udyog Bharati, Member of Advisory Council, Belgaum Foundry Cluster; Vice Chairman of Belgaum Manufacturers Co-operative Industrial Estate Ltd. |
| Recognition | Honorary Doctorate from Visvesvaraya Technological University (VTU) in 2023; Entrepreneur of the Year Award from TiE Hubli (2017-18) and KLS Institute of Management Education and Research (IMER), Belagavi (2018). |
Updated Board Composition
The appointment updates the composition of the IRCTC Board of Directors. The current board members are as follows:| S. No. | Name | Designation |
|---|---|---|
| 1. | Shri Rahul Himalian | Chairman & Managing Director (Additional Charge) and Director (Tourism & Marketing) |
| 2. | Shri Manoj Kumar Sharma | Director (Catering Services) |
| 3. | Shri Rajneesh Narain | Director (Finance) |
| 4. | Shri Shivendra Shukla | Government Nominee Director |
| 5. | Shri Navin Kumar Parsuramka | Government Nominee Director |
| 6. | Dr. Sachin Balkrishna Sabnis | Independent Director |
IRCTC Stock Price Movement
Shares of Indian Railway Catering And Tourism Corporation Limited slipped by 1.46%, settling at ₹497.50 today after trading sessions concluded. The stock saw extensive activity with 920,342 shares changing hands as it tested its intraday range between a high of ₹507.25 and a low of ₹495.30.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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