Indian Railway Finance Corporation
Company type | Public |
---|---|
ISIN | INE053F01010 |
Industry | Financial services |
Founded | 12 December 1986[1] |
Headquarters | New Delhi, India |
Key people | Uma Ranade (Chairman & MD)[2] |
Services |
|
Revenue | ₹26,644 crore (US$3.2 billion) (FY24)[3] |
₹6,412 crore (US$770 million) (FY24)[3] | |
₹6,452 crore (US$770 million) (FY24)[3] | |
Total assets | ₹485,082 crore (US$58 billion) (2024)[4] |
Total equity | ₹49,178 crore (US$5.9 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][7] The Government of India owns a majority stake in the company, while the Ministry of Railways has administrative control.[8]
History[edit]
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.
Operations[edit]
IRFC raises money through financial bonds and from banks and financial institutions.[10][11]
Board of directors[edit]
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.[12][13]
See also[edit]
- Rail Vikas Nigam, involved in building rail infrastructure required by the Indian railways.
References[edit]
- ^ a b 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.
- ^ "IRFC appoints Uma Ranade as Chairman and MD". Business Standard. Retrieved 22 May 2024.
- ^ a b c "Audited Financial Results For The Quarter And Year Ended 31St March 2024" (PDF). BSE. Retrieved 22 May 2024.
- ^ a b "Balance Sheet 1.01.2024".
- ^ "IRFC, HUDCO tax free bonds closing date entended, should you invest?". Economic Times.
- ^ "IRFC Rides High: Rail PSU Stock Soars 12% This Week, Analysts Eye Further Upside". Bru Times News.
- ^ "IRFC, Rural Electrification Corp, IIFC eye Rs 12,000 crore through tax-free bonds". Economic Times.
- ^ "IRFC IPO: First IPO Of 2021 To Open On January 18: Key Things To Know". NDTV.com. 13 January 2021. Retrieved 2 August 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.
- ^ "IRFC Board of Directors". Retrieved 12 August 2022.
- ^ "Amitabh Banerjee appointed managing director of IRFC". Tribuneindia News Service. Retrieved 7 September 2021.