at the helm
AAI Member (Finance)

K Vinayak Rao
takes over as

Member (Finance), AAI

Thesynergyonline Aerospace Bureau

NEW DELHI, MAY 13

Mr K. Vinayak Rao, Indian Railways Accounts Service (IRAS) officer of 1987 batch has taken over the charge of Member (Finance) from May 13 , 2020 on the Board of the Airports Authority of India. Prior to this appointment Mr Rao was serving as Member (Finance) in Delhi Development Authority (DDA)

As Member (Finance) of AAI, Mr K. Vinayak Rao will be the overall in-charge of Finance, Accounts and Financial operation of the organization.

He will also be responsible for evolving, formulating policies and strategies related to entire gamut of finance operation, including resource mobilization and statutory compliances. Shri Rao will also play a leadership role and provide effective support in achieving sustained growth of the organization's business.

During his tenure in Indian Railways, he has served in various capacities in zonal railways, construction projects, and production units. He has worked as Executive Director (Finance Expenditure) in Railway Board (Ministry of Railways) from 2009 to 2014. He was also on the Board of Pipavav Railway Corporation Limited (PRCL) and Railway Energy Management Company (REMC) Ltd. CodePen - Big Ass Drop Cap

Apart from this Mr Rao has a wide-ranging experience in power sector too as he has served as Member (Finance) in the erstwhile Maharashtra State Electricity Board and Director (Finance) in the four restructured companies from 2003- 2009. He played an instrumental role in restructuring of Maharashtra State Electricity Board (MSEB).

AAI statement

An alumnus of St Stephen's College, Delhi, Mr K. Vinayak Rao holds a Master's degree in Mathematics.