The Delhi Metro Rail Corporation (DMRC) has become the first metro organisation in India to receive the ISO 55001:2024 certification for its asset management system for the Mumbai Metro Line Three corridor. The certification provides a globally recognised framework for managing assets throughout their lifecycle and enables organisations to balance asset performance, operational risk and lifecycle cost. The achievement signals a shift from conventional maintenance practices towards strategic, risk-based and lifecycle-oriented asset management aligned with organisational objectives. The DMRC achieved the certification in record time after strengthening its asset management framework. This process included enhancing its Strategic Asset Management Plan (SAMP), aligning asset management objectives with organisational priorities, strengthening risk assessment and lifecycle controls, and undertaking training and capacity building programmes for personnel. The system is subject to continuous monitoring through key performance indicators, audits and management reviews to measure effectiveness and drive improvement. The DMRC is responsible for the operation and maintenance of the 33.5 km Mumbai Metro Line Three corridor, which connects Colaba, Bandra and SEEPZ. Its remit covers the safe, reliable and efficient management of critical assets such as rolling stock, traction systems, signalling and telecommunications, station facilities, lifts and escalators, track infrastructure and civil works. These responsibilities require coordinated technical, operational and administrative controls across the lifecycle of each asset. The certification further strengthens the organisation's focus on safety, reliability, efficiency and sustainability by integrating these priorities into a globally benchmarked asset management system. The achievement sets a benchmark for structured and lifecycle based asset management within India's urban rail sector and demonstrates the DMRC's capability to provide operations and maintenance and asset management expertise beyond Delhi NCR. The outcome is likely to support wider adoption of globally aligned asset management practices across the country's expanding urban rail network.