CleanupBot II at 01:11, 14 August 2023

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{{Short description|Railway financing company of India}}
{{Use dmy dates|date=July 2018}}
{{Use Indian English|date=July 2018}}
{{Infobox company
| name = Indian Railway Finance Corporation
| native_name_lang = hi
| logo = Indian Railway Finance Corporation Logo.svg
| logo_size = 150px
| type = [[Subsidiary]] of [[Indian Railways]]
| slogan =
| foundation = 12 December 1986<ref name="The Hans India" />
| traded_as = {{Unbulleted list|{{NSE|IRFC}}|{{BSE|543257}}}}
| ISIN = INE053F01010
| industry = [[Financial services]]
| products = financial
| services = {{Unbulleted list|Leasing|Lending|Borrowing}}
| location = [[New Delhi]], India
| key_people = Amitabh Banerjee <br />{{small|([[Chairman]] & [[Managing Director|MD]])}}
| revenue = {{Increase}}{{INRConvert|13823.45|c}} (2020)<ref name="P/L Account">[http://irfc.nic.in/wp-content/uploads/2020/06/CamScanner-06-27-2020-20.56.27.pdf "P/L Account 31.03.2020"].</ref>
| operating_income = {{Increase}}{{INRConvert|13740.39|c}} (2020)<ref name="P/L Account"/>
| profit = {{Increase}}{{INRConvert|3658.73|c}} (2020)<ref name="P/L Account"/>
| assets = {{increase}}{{INRConvert|206603.60|c}} (2019)<ref name="Balance Sheet 2019">[http://irfc.nic.in/wp-content/uploads/2019/12/17.12.2019-INDIAN-RAILWAY-ANNUAL-REPORT-2018-19.pdf "Balance Sheet 31.03.2019"].</ref>
| equity = {{increase}}{{INRConvert|18585.51|c}} (2019)<ref name="Balance Sheet 2019"/>
| num_employees =
| parent =
| owner = [[Indian Railways]], [[Ministry of Railways]], [[Government of India]]
| homepage = {{URL|http://irfc.nic.in}}
}}
'''Indian Railway Finance Corporation''' (IRFC) is under the [[ownership]] of [[Indian Railways]], [[Ministry of Railways]], [[Government of India]].<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2013-01-31/news/36658972_1_irfc-bonds-tax-free-bonds-tenure-bonds|title=IRFC, HUDCO tax free bonds closing date entended, should you invest?|work=Economic Times }}</ref> It raises financial resources for expansion and running through capital markets and other borrowings.<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2013-02-24/news/37270173_1_tax-free-bonds-irfc-iifcl|title=IRFC, Rural Electrification Corp, IIFC eye Rs 12,000 crore through tax-free bonds|work=Economic Times }}</ref> IRFC is a [[Miniratna]]/Schedule "A" Indian [[Public sector undertakings in India|public sector undertaking]] (PSU).<ref name="Maharatna, Navratna and Miniratna CPSEs">{{cite web |title=Maharatna, Navratna and Miniratna CPSEs |url=https://dpe.gov.in/maharatna-navratna-and-miniratna-cpses |website=dpe.gov.in |publisher=Department of Public Enterprises (Indian Government) |access-date=28 September 2021}}</ref>

==History==
IRFC was founded on 12 December 1986.<ref name="The Hans India">{{cite news |last1=Jha |first1=J. K. |title=Indian Railway Finance Corporation IPO: Opens tomorrow: Key details an investor should know before subscribing |url=https://www.thehansindia.com/business/indian-railway-finance-corporation-ipo-opens-tomorrow-key-details-an-investor-should-know-before-subscribing-667190 |access-date=11 September 2021 |work=www.thehansindia.com |date=17 January 2021 |language=en}}</ref> It started borrowing from the market in 1987–88.

==The company==
IRFC raises money through financial bonds and from banks and financial institutions.<ref>{{cite news | url=https://www.thehindubusinessline.com/money-and-banking/Select-institutions-can-raise-Rs-50000-cr-tax-free-bonds/article20584940.ece | title=Select institutions can raise Rs 50,000 cr tax-free bonds | date=28 February 2013 | newspaper=The Hindu Business Line | access-date=7 July 2018 }}</ref><ref>{{cite news | title=LIC will invest up to Rs 26,000 crore in IRFC | url=https://economictimes.indiatimes.com/markets/stocks/news/lic-will-invest-up-to-rs-26000-crore-in-irfc/articleshow/64864973.cms | first=Saikat | last=Das | newspaper=The Economic Times | date=5 July 2018 | access-date=6 November 2020 }}</ref> In 2019 [[Amitabh Banerjee]] was appointed as the Managing Director of the company.<ref name="TribuneNews AB">{{cite news |title=Amitabh Banerjee appointed managing director of IRFC |url=https://www.tribuneindia.com/news/archive/business/amitabh-banerjee-appointed-managing-director-of-irfc-853125 |access-date=7 September 2021 |work=Tribuneindia News Service |language=en}}</ref>

The company announced its [[initial public offering]] on 18 January 2021<ref name="NDTV IRFC IPO">{{cite news |title=IRFC IPO: First IPO Of 2021 To Open On January 18: Key Things To Know |url=https://www.ndtv.com/business/irfc-ipo-indian-railways-finance-corporation-ipo-opens-january-18-check-price-band-grey-market-premium-2351893 |access-date=2 August 2021 |work=NDTV.com |date=13 January 2021}}</ref> and got listed on the [[National Stock Exchange of India]] / [[Bombay Stock Exchange]] on 29 January 2021.

== See also ==
* [[Rail Vikas Nigam]], involved in building rail infrastructure required by the Indian railways.

==References==

{{Reflist}}

==External links==
* [http://irfc.nic.in/ Official site]

{{Indian Railways}}
{{Public Sector Undertakings in India}}
{{Authority control}}

[[Category:Railway companies of India]]
[[Category:Financial services companies based in Delhi]]
[[Category:Government finances in India]]
[[Category:Indian companies established in 1986]]
[[Category:1986 establishments in Delhi]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Indian Railway Finance Corporation - Revision history

CleanupBot II at 01:11, 14 August 2023