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| Company type | Public |
|---|---|
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| ISIN | INE053F01010 |
| Industry | Financial services |
| Founded | 12 December 1986[1] |
| Headquarters | New Delhi, India |
Key people | Uma Ranade (Chairman & MD)[2] |
| Services |
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| 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]
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.
IRFC raises money through financial bonds and from banks and financial institutions.[10][11]
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]
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