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Indian Railway Finance Corporation 
Summary
Indian Railway Finance Corporation (IRFC) is under the ownership of Indian Railways, Ministry of Railways, Government of India.[4] It raises financial resources for expansion and running through capital markets and other borrowings.[5] IRFC is a Miniratna/Schedule "A" Indian public sector undertaking (PSU).[6]
 | |
| Type | Subsidiary of Indian Railways |
|---|---|
| ISIN | INE053F01010 |
| Industry | Financial services |
| Founded | 12 December 1986[1] |
| Headquarters | New Delhi, India |
Key people | Amitabh Banerjee (Chairman & MD) |
| Products | financial |
| Services |
|
| Revenue |  ₹13,823.45 crore (US$1.8 billion) (2020)[2] |
| ₹13,740.39 crore (US$1.8 billion) (2020)[2] | |
| ₹3,658.73 crore (US$480 million) (2020)[2] | |
| Total assets | ₹206,603.60 crore (US$27 billion) (2019)[3] |
| Total equity | ₹18,585.51 crore (US$2.4 billion) (2019)[3] |
| Owner | Indian Railways (Ministry of Railways, Government of India) |
| Website | irfc |
HistoryEdit
IRFC was founded on 12 December 1986.[1] It started borrowing from the market in 1987–88.
The companyEdit
IRFC raises money through financial bonds and from banks and financial institutions.[7][8] In 2019 Amitabh Banerjee was appointed as the Managing Director of the company.[9]
The company announced its initial public offering on 18 January 2021[10] and got listed on the National Stock Exchange of India / Bombay Stock Exchange on 29 January 2021.
See alsoEdit
- Rail Vikas Nigam, involved in building rail infrastructure required by the Indian railways.
ReferencesEdit
- ^ 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.
- ^ a b c "P/L Account 31.03.2020".
- ^ a b "Balance Sheet 31.03.2019".
- ^ "IRFC, HUDCO tax free bonds closing date entended, should you invest?". Economic Times.
- ^ "IRFC, Rural Electrification Corp, IIFC eye Rs 12,000 crore through tax-free bonds". Economic Times.
- ^ "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.
External linksEdit
- Official site