Indian Railway Finance Corporation
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Type | Subsidiary of Indian Railways |
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ISIN | INE053F01010 |
Industry | Financial services |
Founded | 12 December 1986[1] |
Headquarters | New Delhi, India |
Key people | Amitabh Banerjee (Chairman & MD) |
Products | financial |
Services |
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Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Owner | Indian Railways, Ministry of Railways, Government of India |
Number of employees | 24 (March 2019) |
Website | irfc.nic.in |
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]
History[]
IRFC was founded on 12 December 1986.[1] It started borrowing from the market in 1987–88.
The company[]
IRFC raises money through financial bonds and from banks and financial institutions.[6][7] In 2019 was appointed as the Managing Director of the company.[8]
The company announced its initial public offering on 18 January 2021[9] 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[]
- ^ Jump up to: 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.
- ^ Jump up to: a b c "P/L Account 31.03.2020".
- ^ Jump up to: 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 links[]
Categories:
- Railway companies of India
- Financial services companies based in Delhi
- Government finances in India
- Indian companies established in 1986
- 1986 establishments in Delhi
- Companies listed on the National Stock Exchange of India
- Companies listed on the Bombay Stock Exchange