Indian Railway Finance Corporation Limited (IRFC) has announced the appointment of Ms. Laya Madduri as a Part-time Government Nominee Director on its Board. This appointment is effective from May 7, 2026. Ms. Madduri, who currently serves as Joint Secretary in the Infrastructure Finance Secretariat, Department of Economic Affairs, was appointed vide an order from the Ministry of Railways, Government of India, dated May 6, 2026. The Board of Directors approved this appointment through a resolution by circulation dated May 7, 2026. Ms. Laya Madduri (DIN: 11704330) is an IAS officer with extensive experience in public finance, multilateral engagement, rural development, and governance. She has previously held positions such as Secretary to the Government of Assam in the Finance Department and Science, Technology and Climate Change Department, and Managing Director of Assam Financial Corporation. She has also served as Deputy Commissioner of Sonitpur, Dibrugarh, and Cachar districts. Prior to her current role, she was Director in the Department of Economic Affairs, handling matters related to the International Monetary Fund and the World Bank. IRFC has confirmed that Ms. Madduri has not been debarred from holding the office of director by any SEBI order or other authority. She is not related to any Director or Key Managerial Personnel (KMP) of the company and holds no shares in IRFC.
