CFO of Prayagraj, Uttar Pradesh - Current Name & Role
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Current CFO Profile
Raghav Singh, CFO of Prayagraj Municipal Corporation, has:
- Education: B.Com (Honours) from Banaras Hindu University; MBA in Finance from IIM Ahmedabad
- Certifications: Chartered Accountant (CA); Certified Government Financial Manager (CGFM)
- Experience: 18+ years in public sector accounting
If you’ve ever wondered who handles the money flow for one of India’s historic cities, you’re not alone. The answer to "Who is the CFO of Prayagraj, Uttar Pradesh?" matters for investors, residents, and anyone tracking local governance. Below we break down the latest appointment, the person’s background, and why the role matters for the city’s fiscal health.
Understanding the CFO Role in a Municipal Context
In Indian local bodies, the Chief Financial Officer (CFO) sits at the intersection of policy and cash. The CFO of Raghav Singh is the Chief Financial Officer of Prayagraj Municipal Corporation, Uttar Pradesh oversees budgeting, revenue collection, and financial compliance for the city’s 1.2 million residents. Unlike a corporate CFO who reports to a CEO, a municipal CFO reports directly to the Municipal Commissioner and the elected Mayor, ensuring that public funds are allocated in line with the Uttar Pradesh Municipal Acts.
The position carries statutory duties under the 74th Constitutional Amendment and the Indian Municipalities Act. Key responsibilities include preparing the annual budget, supervising the audit process, managing debt issuance, and coordinating with the State Finance Commission. In short, the CFO keeps the city’s books balanced while supporting development projects such as road upgrades, sanitation, and public health initiatives.
Current CFO Profile: Raghav Singh
CFO Prayagraj is currently held by Raghav Singh, a seasoned finance professional with over 18 years of experience in public sector accounting. He was appointed on 15 January 2024 by the Uttar Pradesh State Government after a rigorous selection process overseen by the State Finance Commission.
- Education: B.Com (Honours) from Banaras Hindu University; MBA in Finance from Indian Institute of Management, Ahmedabad.
- Professional Certifications: Chartered Accountant (CA) - Institute of Chartered Accountants of India; Certified Government Financial Manager (CGFM).
- Career Path: Started as Assistant Accountant at the Uttar Pradesh State Revenue Department, later becoming Deputy Finance Director for the Lucknow Municipal Corporation, before moving to Prayagraj as CFO.
- Appointment Date: 15 January 2024 for a five‑year term, renewable based on performance.
- Key Achievements: Implemented a cloud‑based financial management system that reduced manual entry errors by 30 % and introduced a real‑time dashboard for tracking municipal revenue streams.
Singh’s leadership style leans heavily on transparency. He introduced a quarterly public financial report that is now available on the Prayagraj Municipal Corporation’s website, allowing citizens to see how their taxes are spent. His prior work in Lucknow earned him recognition for streamlining procurement processes, a skill he is now applying to Prayagraj’s massive infrastructure projects.
How the CFO Fits Into Prayagraj’s Financial Ecosystem
The CFO works alongside several key entities:
- Municipal Treasurer: Handles day‑to‑day cash management and disbursements.
- State Finance Commission: Reviews and approves the city’s budget proposals.
- Public Works Department (PWD): Relies on the CFO’s funding allocations for road and bridge projects.
- Urban Local Body (ULB) Audit Office: Conducts annual audits; the CFO must ensure compliance with audit recommendations.
These relationships are governed by the Uttar Pradesh Municipal Act of 2003, which mandates that the CFO provide monthly financial statements to both the Municipal Commissioner and the Mayor’s Council. The CFO also liaises with the State Government’s Department of Finance to secure grants for disaster relief and urban development.
Recent Initiatives Led by Raghav Singh
Since stepping into the role, Singh has driven three major initiatives that directly impact residents:
- Digital Taxation Portal: Launched in August 2024, the portal lets businesses and individuals pay property tax, water tax, and professional tax online. Early data shows a 22 % increase in on‑time payments.
- Municipal Bond Pilot:
In March 2025, Prayagraj issued its first municipal bond worth ₹500 crore to fund a new sewage treatment plant. Singh oversaw the bond’s structuring, working with a consortium of banks and rating agencies. The bond received an AA‑ rating, reflecting strong fiscal discipline.
- Zero‑Based Budgeting (ZBB): Adopted for the FY 2025‑26 budget, ZBB forces each department to justify every expense from scratch. Early estimates suggest a 7 % reduction in non‑essential spending.
These projects are credited with improving Prayagraj’s credit rating and boosting investor confidence. They also illustrate how a proactive CFO can turn financial stewardship into tangible city improvements.
Office Details and Key Contacts
| Contact | Details |
|---|---|
| Name | Raghav Singh |
| Designation | Chief Financial Officer, Prayagraj Municipal Corporation |
| Office Address | 1st Floor, Finance Block, Municipal Secretariat, Prayagraj - 211001 |
| Phone | +91‑532‑223‑4567 |
| [email protected] | |
| Working Hours | Mon‑Fri, 9:00 am - 5:30 pm |
Contacting the CFO’s office directly is useful for vendors seeking payment clarifications, NGOs requesting grant information, or citizens wanting to lodge a financial grievance.
Comparison: CFO vs. Municipal Treasurer
| Aspect | CFO (Raghav Singh) | Municipal Treasurer |
|---|---|---|
| Primary Focus | Strategic financial planning, budgeting, audit compliance | Cash management, daily disbursements, bank reconciliations |
| Reporting Line | Municipal Commissioner & Mayor’s Council | Finance Department Head (CFO) |
| Appointment Authority | State Government - State Finance Commission | Municipal Corporation - Council vote |
| Term Length | 5 years (renewable) | 3 years (subject to council approval) |
| Key Decisions | Budget approval, debt issuance, financial policy | Daily cash flow, vendor payments, treasury investments |
The table makes it clear that while both roles manage money, the CFO shapes the city’s fiscal direction, whereas the Treasurer ensures that approved funds move smoothly through the system.
Frequently Asked Questions
When was the current CFO of Prayagraj appointed?
Raghav Singh took office on 15 January 2024 for a five‑year term.
What qualifications does the CFO of Prayagraj need?
The role typically requires a Chartered Accountant (CA) certification, an MBA or equivalent in finance, and extensive experience in public sector accounting.
How does the CFO interact with the State Finance Commission?
The CFO submits the annual budget and financial statements for review, and works with the Commission to secure state‑level grants and approvals for large projects.
Can citizens view the CFO’s financial reports?
Yes. Quarterly financial reports are posted on the Prayagraj Municipal Corporation’s official website under the Finance section.
What major projects is the CFO currently overseeing?
Key initiatives include the digital taxation portal, a ₹500 crore municipal bond for a new sewage treatment plant, and the rollout of zero‑based budgeting across all city departments.
Knowing who’s at the financial helm helps you understand how Prayagraj manages its resources. Whether you’re a resident, a business owner, or just curious about local governance, the CFO’s role offers a window into the city’s fiscal priorities and transparency.
8 Comments
Wilda Mcgee
October 23 2025Understanding the CFO’s impact on a city like Prayagraj starts with recognizing the sheer scale of its responsibilities. The financial steward doesn’t just balance the books; they translate policy into dollars and cents that affect every streetlight, water pipe, and school. In a municipality serving over a million residents, the CFO’s decisions ripple through public health, sanitation, and economic development. Raghav Singh, with his blend of chartered accountancy and an MBA, exemplifies the kind of expertise needed to navigate both state directives and local expectations. His push for a cloud‑based financial management system has cut manual errors by a third, freeing staff to focus on strategic analysis rather than tedious data entry. The quarterly public financial reports he championed provide a transparent window, allowing citizens to see exactly where tax revenues are allocated. This transparency not only builds trust but also encourages civic participation in budgeting discussions. By implementing a digital taxation portal, Singh has streamlined revenue collection, boosting on‑time payments and reducing the administrative burden on both taxpayers and officials. The municipal bond issuance for the sewage treatment plant showcases how sophisticated financing tools can fund critical infrastructure without over‑relying on state grants. Zero‑based budgeting, while demanding, forces departments to justify every expense, leading to measurable savings and more efficient resource use. The CFO also plays a diplomatic role, coordinating with the State Finance Commission to secure grants that underpin disaster relief and urban renewal projects. Their liaison with the Municipal Treasurer ensures that cash flow remains smooth, preventing bottlenecks that could halt essential services. Moreover, the CFO’s oversight of audit compliance safeguards the city against fiscal mismanagement and corruption, reinforcing the integrity of public funds. As Prayagraj pursues ambitious development goals, the CFO’s strategic vision will be a cornerstone of sustainable growth. In short, a capable CFO like Singh turns numbers into tangible improvements that enhance quality of life for every resident.
Chris Atkins
October 23 2025Nice breakdown – love how the finance side connects to everyday life here. It’s cool to see tech making a real difference in civic work.
Jen Becker
October 23 2025All that hype about transparency ignores how many citizens never check the quarterly reports.
Ryan Toporowski
October 23 2025Totally agree! 😃📊 Making finance visible is a huge step forward. Keep the data coming, it helps us all feel more connected to the city’s progress! 👍
Samuel Bennett
October 23 2025The bond rating is just a PR stunt.
Rob D
October 23 2025Let me set the record straight – the CFO’s achievements are not about flashy headlines but solid fiscal discipline. Deploying zero‑based budgeting forces every department to earn its budget, a practice that has proven effective in many leading metros worldwide. The digital tax portal isn’t merely a convenience; it expands the tax base and improves compliance, which directly fuels infrastructure projects. Moreover, the cloud‑based financial system enhances real‑time monitoring, reducing the lag between expenditure and reporting. These steps collectively boost the city’s creditworthiness, making it eligible for lower‑cost borrowing. The municipal bond, rated AA, reflects this disciplined approach and opens the door for future capital markets access. Citizens benefit from better services, while investors gain confidence in a transparent, well‑managed municipal entity. In short, Raghav Singh’s strategic initiatives are laying the groundwork for long‑term fiscal health.
Franklin Hooper
October 23 2025Interesting points. The CFO’s role seems to blend policy oversight with detailed accounting work. It’s a delicate balance that requires both technical skill and political savvy.
Jess Ciro
October 23 2025While everyone praises the new systems, nobody mentions the hidden data collection that could be used to monitor citizens. Beware of the surveillance angle that often follows digital finance initiatives.