Indian Railway Finance Corporation

Indian Railway Finance Corporation
Company type	Public
Traded as	NSE: IRFC; BSE: 543257;
ISIN	INE053F01010
Industry	Financial services
Founded	12 December 1986
Headquarters	New Delhi, India
Key people	Uma Ranade (Chairman & MD)
Services	Leasing; Lending; Borrowing;
Revenue	₹26,644 crore (US$3.2 billion) (FY24)
Operating income	₹6,412 crore (US$770 million) (FY24)
Net income	₹6,452 crore (US$770 million) (FY24)
Total assets	₹485,082 crore (US$58 billion) (2024)
Total equity	₹49,178 crore (US$5.9 billion) (2024)
Owner	Government of India
Website	irfc.co.in

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

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

IRFC raises money through financial bonds and from banks and financial institutions.^[10]^[11]

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.^[12]^[13]

References

^ ^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.
^ "Maharatna, Navratna and Miniratna CPSEs". dpe.gov.in. Department of Public Enterprises (Indian Government). Retrieved 28 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.
^ "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.

External links

Official site

Zdroj:https://en.wikipedia.org?pojem=Indian_Railway_Finance_Corporation
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[The_Hans_India-1] 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] "IRFC appoints Uma Ranade as Chairman and MD". Business Standard. Retrieved 22 May 2024.

[P/L_Account-3] "Audited Financial Results For The Quarter And Year Ended 31St March 2024" (PDF). BSE. Retrieved 22 May 2024.

[Balance_Sheet_2024-4] "Balance Sheet 1.01.2024".

[5] "IRFC, HUDCO tax free bonds closing date entended, should you invest?". Economic Times.

[6] "IRFC Rides High: Rail PSU Stock Soars 12% This Week, Analysts Eye Further Upside". Bru Times News.

[7] "IRFC, Rural Electrification Corp, IIFC eye Rs 12,000 crore through tax-free bonds". Economic Times.

[Maharatna,_Navratna_and_Miniratna_CPSEs-8] "Maharatna, Navratna and Miniratna CPSEs". dpe.gov.in. Department of Public Enterprises (Indian Government). Retrieved 28 September 2021.

[NDTV_IRFC_IPO-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] "Select institutions can raise Rs 50,000 cr tax-free bonds". The Hindu Business Line. 28 February 2013. Retrieved 7 July 2018.

[11] Das, Saikat (5 July 2018). "LIC will invest up to Rs 26,000 crore in IRFC". The Economic Times. Retrieved 6 November 2020.

[12] "IRFC Board of Directors". Retrieved 12 August 2022.

[TribuneNews_AB-13] "Amitabh Banerjee appointed managing director of IRFC". Tribuneindia News Service. Retrieved 7 September 2021.

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Authority control databases
International	VIAF
National	United States

History

Operations

Board of directors

See also

References

External links