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 |
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]
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]