Indian_Railway_Finance_Corporation
Indian Railway Finance Corporation
Indian public sector undertaking
Indian Railway Finance Corporation (IRFC) is an Indian public sector undertaking[5] engaged in raising financial resources for expansion and running through capital markets and other borrowings.[6] The Government of India owns a majority stake in the company, while the Ministry of Railways has the administrative control.[7]
Company type | Public |
---|---|
ISIN | INE053F01010 |
Industry | Financial services |
Founded | 12 December 1986[1] |
Headquarters | New Delhi, India |
Key people | Smt.Shelly Verma [2] (Chairman & MD) |
Products | financial |
Services |
|
Revenue | ₹25,900.45 crore (US$3.2 billion) (2024)[3] |
₹25,760.39 crore (US$3.2 billion) (2024)[3] | |
₹6,068.73 crore (US$760 million) (2024)[3] | |
Total assets | ₹497,014.60 crore (US$62 billion) (2024)[4] |
Total equity | ₹18,585.51 crore (US$2.3 billion) (2024)[4] |
Owner | Government of India |
Website | irfc |
IRFC was founded by A.Kishore.[1] It started borrowing from the market in 1987–88.
IRFC raises money through financial bonds and from banks and financial institutions.[8][9] In October 15, 2022 Smt.Shelly Verma was appointed as the Managing Director of the company.[10]
The company announced its initial public offering on 18 January 2021[11] and got listed on the National Stock Exchange of India / Bombay Stock Exchange on 29 January 2021.
Current Board of Directors of Indian Railway Finance Corporation includes Amitabh Banerjee as Chairman and Managing Director, Shelly Verma as Director (Finance) & Chief Financial Officer, Baldeo Purushartha as Nominee Director, Bhaskar Choradia as Nominee Director, Vallabhbhai Maneklal Patel as Non-Official Independent Director, and Sheela Pandit as Non-Official Independent Director.[12]
- Rail Vikas Nigam, involved in building rail infrastructure required by the Indian railways.
- 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.
- "Chairman & Managing Director". IRFC. Retrieved 24 September 2023.
- "Maharatna, Navratna and Miniratna CPSEs". dpe.gov.in. Department of Public Enterprises (Indian Government). Retrieved 28 September 2021.
- "Select institutions can raise Rs 50,000 cr tax-free bonds". The Hindu Business Line. 28 February 2013. Retrieved 7 July 2018.
- Das, Saikat (5 July 2018). "LIC will invest up to Rs 26,000 crore in IRFC". The Economic Times. Retrieved 6 November 2020.
- "Amitabh Banerjee appointed managing director of IRFC". Tribuneindia News Service. Retrieved 7 September 2021.
- "IRFC IPO: First IPO Of 2021 To Open On January 18: Key Things To Know". NDTV.com. 13 January 2021. Retrieved 2 August 2021.
- "IRFC Board of Directors". Retrieved 12 August 2022.