Mr. Parag Verma is B.Sc. Engineering from NIT, Jamshedpur and ME from NIT, Allahabad. He has vast experience of working in Railway and Building Sector, not only in India, but on foreign assignment also and has held the position in various capacities in Ircon International Limited (IRCON), a Government of India Undertaking under the Ministry of Railway. He established a wholly owned subsidiary of IRCON in the capacity of Chief Operating Officer for carrying out the PMC and Consultancy work. He was assigned the challenging assignment of establishing a new JV Company with RLDA for carrying out the ambitious station development programme of Indian Railways and has established Indian Railway Station Development Corporation Limited (IRSDC) in the year 2012. He was responsible for conceptualizing the strategy and implementation of station development projects through land monetizing and successfully awarded first of its kind project in Habibganj, Bhopal, which is in progress.
He is currently holding the position of Chief General Manager, Business Development in Ircon International Limited.
Ircon International Limited (formerly known as Indian Railway Construction Company Limited), a Mini Ratna and Schedule ‘A’ PSU, was incorporated on 28th April, 1976, mainly for the purpose of construction and development of Railway Infrastructure in India and abroad with the expertise form Indian Railways. During its operation of 42 years the company has diversified and developed core competence in other areas like Highways, Tunnels, Bridges, Flyovers, ROBs, Airport Hanger & Runway, Metro Rail and Buildings, EHV Transmission Line & Grid Sub-stations, Industrial Electrification, Signaling and Telecom Systems etc. Considering its business from projects abroad, its name was changed to “Ircon International Limited” w.e.f. 17th October 1995.
IRCON has so far completed about 380 infrastructure projects in India and 126 projects across the globe in more than 24 countries.
As per August 2018 edition of Engineering News Record (ENR) of USA, IRCON is only PSU company among the six Indian companies to make it to the list of top 250 International Contractors.
On 28th September 2018, IRCON is listed on the Indian stock markets.