Indian Railway Finance Corporation

Last updated

Indian Railway Finance Corporation
Company type Public
ISIN INE053F01010
Industry Financial services
Founded12 December 1986 [1]
Headquarters New Delhi, India
Key people
Manoj Kumar Dubey (Chairman & MD)
Services
  • Leasing
  • Lending
  • Borrowing
RevenueIncrease2.svg₹26,644 crore (US$3.0 billion) (2023-24)
Increase2.svg₹26,519 crore (US$3.0 billion) (2023-24)
Increase2.svg₹6,412 crore (US$730 million) (2023-24)
Total assets Increase2.svg₹464,641 crore (US$53 billion) (2023-24)
Total equity Increase2.svg₹49,178 crore (US$5.6 billion) (2023-24)
Owner Government of India (86.36%)
Number of employees
42
Website irfc.co.in
Footnotes /references
[2]

Indian Railway Finance Corporation (IRFC) is an Indian public sector undertaking [3] engaged in raising financial resources for expansion and running through capital markets and other borrowings. [4] [5] The Government of India owns a majority stake in the company, while the Ministry of Railways has administrative control. [6] . In March 2025, IRFC was given the Navaratna status by the Government of India, becoming the 26th PSU in this list. [7] [8]

Contents

History

IRFC was founded on 12 December 1986. [1] It started borrowing from the market in 1987–88.

The company launched its initial public offering on 18 January 2021 [9] and got listed on the National Stock Exchange of India  and Bombay Stock Exchange on 29 January 2021.

As of 2024-25 Q3 reports, its promoter group (Government of India) holds 86.36% ownership while the public has the rest of the 13.64% shares. [10]

Operations

IRFC raises money through financial bonds and from banks and financial institutions. [11] [12]

Board of directors

IRFC's Board of Directors includes Uma Ranade as Chairman and Managing Director, Shelly Verma as Director (Finance), Baldeo Purushartha as Nominee Director, Vallabhbhai Maneklal Patel as Non-Official Independent Director, and Sheela Pandit as Non-Official Independent Director. [13] [14]

See also

References

  1. 1 2 Jha, J. K. (17 January 2021). "Indian Railway Finance Corporation IPO: Opens tomorrow: Key details an investor should know before subscribing". www.thehansindia.com. Retrieved 11 September 2021.
  2. ↑ "Annual Report 2023-24" (PDF). IRFC. 29 August 2024. Retrieved 11 September 2024.
  3. ↑ "IRFC, HUDCO tax free bonds closing date entended, should you invest?". Economic Times. Archived from the original on 10 April 2015.
  4. ↑ "IRFC Rides High: Rail PSU Stock Soars 12% This Week, Analysts Eye Further Upside". Bru Times News.
  5. ↑ "IRFC, Rural Electrification Corp, IIFC eye Rs 12,000 crore through tax-free bonds". Economic Times. Archived from the original on 9 April 2015.
  6. ↑ "Maharatna, Navratna and Miniratna CPSEs". dpe.gov.in. Department of Public Enterprises (Indian Government). Retrieved 28 September 2021.
  7. ↑ "IRCTC, IRFC get 'navratna' status. What does it mean for the two railway PSUs?". Livemint. 3 March 2025. Retrieved 14 March 2025.
  8. ↑ "IRCTC receives Maharatna Tag". Twitter.
  9. ↑ "IRFC IPO: First IPO Of 2021 To Open On January 18: Key Things To Know". NDTV.com. 13 January 2021. Retrieved 2 August 2021.
  10. ↑ "Shareholding Pattern FY 2024-25 Q3" (PDF). irfc.co.in. IRFC. Retrieved 14 March 2025.
  11. ↑ "Select institutions can raise Rs 50,000 cr tax-free bonds". The Hindu Business Line. 28 February 2013. Retrieved 7 July 2018.
  12. ↑ Das, Saikat (5 July 2018). "LIC will invest up to Rs 26,000 crore in IRFC". The Economic Times. Retrieved 6 November 2020.
  13. ↑ "IRFC Board of Directors" . Retrieved 12 August 2022.
  14. ↑ "Amitabh Banerjee appointed managing director of IRFC". Tribuneindia News Service. Retrieved 7 September 2021.
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