IRCTC appoints Shri Rajneesh Narain as Director (Finance)
Indian Railway Catering and Tourism Corporation Ltd has appointed Shri Rajneesh Narain as Director (Finance) on an immediate absorption basis. Narain moves from Northern Coalfields Limited and will serve until June 30, 2030, in the pay scale of ₹1,80,000–3,40,000 (IDA). The company is finalizing formalities under the Companies Act, 2013 and SEBI regulations.
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Indian Railway Catering and Tourism Corporation Ltd has appointed Shri Rajneesh Narain as its Director (Finance) on an immediate absorption basis, effective immediately. Narain, who previously served as Director (Finance) at Northern Coalfields Limited (NCL), will hold the position until his superannuation on June 30, 2030, or until further orders. The appointment was approved by the Competent Authority via a Ministry of Railways letter dated June 11, 2026.
The new Director (Finance) will serve in the scale of pay of ₹1,80,000–3,40,000 (IDA). The company stated that it is taking necessary action to complete the appointment formalities in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Requisite disclosures regarding the appointment will be submitted in due course.
| Appointment Details | |
|---|---|
| Appointee Name | Shri Rajneesh Narain |
| Role | Director (Finance) |
| Previous Role | Director (Finance), Northern Coalfields Limited |
| Pay Scale | ₹1,80,000–3,40,000 (IDA) |
| Tenure End Date | June 30, 2030 |
Historical Stock Returns for IRCTC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.06% | -1.17% | -6.37% | -22.17% | -33.42% | +24.50% |
How will Shri Rajneesh Narain's prior experience in the coal sector influence IRCTC's financial strategy?
What are the expected changes in IRCTC's capital allocation policies under the new financial leadership?
Could this appointment signal a shift in IRCTC's diversification plans into new tourism verticals?
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