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1945, Shri Verma did M.A in Economics with special paper in Econometrics from Ranchi University in Bihar. He was awarded the University Gold for standing First in the First Division. After teaching Economics for three years in Ranchi University, he joined Indian Railway Accounts Service in 1968. He served in various capacities in the Finance Department of Railways at all level viz. the Division, Zonal Headquarter and the Ministry of Railways. He worked for almost a decade in the computer center of Indian Railways and Zambia Railways and did a consultancy assignment regarding computerisation strategy in Swaziland Railways. Shri Verma also worked in the general management branch as Additional Divisional Railway Manager in a major Division of Indian Railways, He taught Financial Management for Four year's in Railway Staff College, Vadodara, which is the apex training institute for officers of Indian Railways. Shri Verma has published seven papers on various aspects of railway finance. He is presently working as Group General Manager ( Finance ) in Rail India Technical and Economic Services ( RITES ), a Government of India Undertaking, which is internationally well known as leading rail transport consultants and engineers.