Ranjay Choudhary Appointed as Director (Finance) at Indian Railway Finance Corporation; Ex-post Facto Approval Granted to Another Official
Indian Railway Finance Corporation Ltd (IRFC), a Government of India enterprise, has seen the appointment of Shri Ranjay Choudhary to the position of Director (Finance). The company also received ex-post facto approval for an extension charge granted to Shri Randhir Sahay.According to an order by the Ministry of Railways (MoR), Government of India dated June 29, 2026, the competent authority approved these appointments and designations.
Shri Ranjay Choudhary, who is currently CGM at Power Finance Corporation Ltd (PFC), has been appointed as Director (Finance) for IRFC. His remuneration is set in the scale of pay ranging from Rs. 1,80,000 to 3,40,000 (IDA). This appointment carries a term of five years, effective from the date he assumes charge or until further instructions are issued, whichever is earlier.
In addition to the new appointment, the MoR’s order granted ex-post facto approval for an extension charge entrusted to Shri Randhir Sahay, who belongs to IRAS, ED/F(S), Railway Board. This extended charge is set for a period of six months, commencing from May 1, 2026, or until the regular incumbent assumes the post or further orders are given, whichever comes first.
The company is currently proceeding with the necessary steps to finalize all appointment formalities regarding Shri Ranjay Choudhary’s role as Director (Finance) at IRFC.
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