Indian Railway Finance Corporation
Indian public sector undertaking
- NSE: IRFC
- BSE: 543257
Key people
(Chairman & MD)
- Leasing
- Lending
- Borrowing
₹25,900.45 crore (US$3.2 billion) (2024)[3] ₹25,760.39 crore (US$3.2 billion) (2024)[3]Net income
₹6,068.73 crore (US$760 million) (2024)[3] ₹497,014.60 crore (US$62 billion) (2024)[4] ₹18,585.51 crore (US$2.3 billion) (2024)[4]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] The Government of India owns a majority stake in the company, while the Ministry of Railways has the administrative control.[7]
History
IRFC was founded by A.Kishore.[1] It started borrowing from the market in 1987–88.
The company
IRFC raises money through financial bonds and from banks and financial institutions.[8][9] In October 15, 2022 Smt.Shelly Verma was appointed as the Managing Director of the company.[10]
The company announced its initial public offering on 18 January 2021[11] and got listed on the National Stock Exchange of India / Bombay Stock Exchange on 29 January 2021.
Board of directors
Current Board of Directors of Indian Railway Finance Corporation includes Amitabh Banerjee as Chairman and Managing Director, Shelly Verma as Director (Finance) & Chief Financial Officer, Baldeo Purushartha as Nominee Director, Bhaskar Choradia as Nominee Director, Vallabhbhai Maneklal Patel as Non-Official Independent Director, and Sheela Pandit as Non-Official Independent Director.[12]
See also
- Rail Vikas Nigam, involved in building rail infrastructure required by the Indian railways.
References
Companies portal
India portal
- ^ 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.
- ^ "Chairman & Managing Director". IRFC. Retrieved 24 September 2023.
- ^ a b c "P/L Account 3.02.2024".
- ^ a b "Balance Sheet 1.01.2024".
- ^ "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.
- ^ "IRFC Board of Directors". Retrieved 12 August 2022.
External links
- Official site
- v
- t
- e
Indian Railways- Ministry of Railways
- Rail Bhavan
- Railway Board
organisations
- Central Organisation for Modernisation of Workshops (COFMOW)
- Central Organisation for Railway Electrification (CORE)
- Centre for Railway Information Systems (CRIS)
- Commission of Railway Safety (CRS)
- Container Corporation of India (CCI)
- Dedicated Freight Corridor Corporation of India (DFCCIL)
- High Speed Rail Corporation of India Limited (HSRI)
- Indian Railway Catering and Tourism Corporation (IRCTC)
- Indian Railway Finance Corporation (IRFC)
- Indian Railway Stations Development Corporation (IRSDC)
- Ircon International (IRCON)
- Konkan Railway Corporation (KRC)
- Mumbai Railway Vikas Corporation (MRVC)
- National High Speed Rail Corporation Limited (NHSRCL)
- Passenger Amenities Committee (PAC)
- Rail India Technical and Economic Service (RITES)
- Rail Land Development Authority (RLDA)
- Rail Vikas Nigam (RVNL)
- RailTel
- Railway Protection Force (RPF)
- Railway Recruitment Control Board (RRCB)
- Railways Sports Promotion Board (RSPB)
- Research Design and Standards Organisation (RDSO)
- Coaching Stock
- Wagon Numbering
- Locomotives
- Multiple units
- ICF coach
- LHB coach
- Tejas coach
- Vande Bharat
- Amrit Bharat
- Bullet train (Future)
units
- BEML Limited
- Bharat Heavy Electricals Limited
- Bharat Wagon and Engineering
- Braithwaite & Co.
- Burn Standard Company
- Banaras Locomotive Works
- Chittaranjan Locomotive Works
- Diesel Locomotive Factory
- Patiala Locomotive Works
- Electric Locomotive Factory
- Integral Coach Factory
- Marathwada Rail Coach Factory
- Modern Coach Factory
- Rail Coach Factory (Kapurthala)
- Rail Coach Factory (Sonipat)
- Rail Wheel Factory
- Rail Wheel Plant
- Titagarh Wagons
depots
| Diesel Loco |
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| Electric Loco |
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| Steam Loco | |||||||||
| Multiple Unit |
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| Main | |
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| Suburban | |
| Mountain |
trains
| High-Speed |
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| Semi-High speed | |
| Premium |
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| Express | |
| Luxury | |
| Special | |
| Others |
| Major |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| Others |
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institutes
- Indian Railways Institute of Civil Engineering (IRICEN)
- Indian Railways Institute of Electrical Engineering (IRICEE)
- Indian Railways Institute of Mechanical and Electrical Engineering (IRIMEE)
- Indian Railways Institute of Signal Engineering and Telecommunications (IRISET)
- Indian Railways Track Machine Training Center (IRTMTC)
- National Academy of Indian Railways (NAIR)
- National Rail and Transportation Institute (NRTI)
- Jagjivan Ram Railway Protection Force Academy (JRRPFA)
- Accidents
- Anti-collision device
- Kavach
- Future
- Last vehicle board
- Railway budget
- Railway schools
- Train Warning System
- Urban Rail Transit
Category
Authority control databases  | |
|---|---|
| International |
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| National |
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