Indian Railway Finance Corporation
Indian Railway Finance Corporation (IRFC) is a finance arm of the Indian Railways.[3] It raises financial resources for expansion and running through capital markets and other borrowings.[4]
 | |
| Type | Public Sector Undertaking |
|---|---|
| Industry | Financial services |
| Founded | 12 December 1999 |
| Headquarters | New Delhi, India |
Key people | Amitabh Banerjee (Chairman & MD) |
| Products | financial |
| Services | Leasing Lending borrowing |
| Revenue |  ₹13,823.45 crore (US$1.9 billion) (2020)[1] |
| ₹13,740.39 crore (US$1.9 billion) (2020)[1] | |
| ₹3,658.73 crore (US$510 million) (2020)[1] | |
| Total assets | ₹206,603.60 crore (US$29 billion) (2019)[2] |
| Total equity | ₹18,585.51 crore (US$2.6 billion) (2019)[2] |
| Owner | Government of India |
Number of employees | 24 (March 2019) |
| Parent | Indian Railways |
| Website | irfc.nic.in |
History
IRFC started borrowing from the market in 1987–88.
The company
IRFC raises money through financial bonds and from banks and financial institutions.[5][6]
The company will have an initial public offering in 2021 before being listed on the National Stock Exchange of India / Bombay Stock Exchange.
References
- "P/L Account 31.03.2020".
- "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.
External links
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.