Indian Railway Finance Corp Announces CFO Transition: Sunil Kumar Goel Steps Down, Randhir Sahay Appointed

Indian Railway Finance Corporation Ltd (IRFC) has announced a change in its top finance leadership. Sunil Kumar Goel has ceased to be the Chief Financial Officer (CFO) of IRFC, and Randhir Sahay has been appointed as the new CFO.

 

Key Highlights:

 

Sunil Kumar Goel, who served as CFO and Group General Manager (Finance) at IRFC since May 2023, has stepped down from his role. Goel is a seasoned finance professional with over 25 years of experience, including previous stints at NTPC Limited.

 

Randhir Sahay, an Indian Railway Accounts Service (IRAS) officer from the 1998 batch, has taken over as CFO. He brings extensive experience from various senior finance roles within Indian Railways and the Railway Board, including his recent position as Executive Director (Finance - Stores).

 

Sahay’s background includes expertise in government accounting, budgeting, expenditure management, and financial oversight at both divisional and ministry levels. He holds advanced degrees in history, law, human resource management, and finance.

 

The board approved Sahay’s appointment effective May 1, 2025, following the superannuation of the previous Director (Finance), and he now leads IRFC’s finance function as Director (Finance).

 

This transition comes as IRFC continues to play a critical role in financing Indian Railways’ infrastructure and expansion, with the company recently approving major fundraising plans for the coming year.

 

Source: Indian Railway Finance Corporation Ltd