Infrastructure Development Finance Company

Infrastructure Development Finance Company Limited, more commonly known as IDFC, is a finance company based in India. It provides finance and advisory services for infrastructure projects as well as asset management and investment banking.[1]

Not to be confused with International Development Finance Club.

Infrastructure Development Finance Company Limited
IndustryBanking, Financial services
Founded1997 (1997) (Chennai)
Headquarters
Chennai, Tamilnadu
,
India
Area served
India
ServicesInfrastructure Advisory and Finance
Investment banking
Asset Management
SubsidiariesIDFC Project Equity
IDFC First Bank
IDFC Securities
IDFC Pension Fund Management
IDFC Foundation
Websitewww.idfc.com

Company history

IDFC was incorporated on 30 January 1997 with its registered office in Chennai and started operations on 9 June 1997.[2]

In August 2005 the company's equity shares were listed at the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) after an initial public offering.[3]

In May 2008, the company entered into asset management by acquiring the AMC business of Standard Chartered Bank in India, namely Standard Chartered Asset Management Company Pvt Ltd and Standard Chartered Trustee Company Pvt Ltd; the acquired companies was re-branded as IDFC Asset Management Company Pvt Ltd and IDFC AMC Trustee Company Pvt Ltd respectively.[4]

In 2008–09, the company subscribed 100% of equity shares of IDFC Capital (Singapore) Pte Ltd. During the year, the company established IDFC Foundation to focus on capacity building, policy advisory and sustainability initiatives.[5]

IDFC Bank started operating banking services on 1 October 2015.[6]

References
  1. "Buy IDFC target Rs 61: Manas Jaiswal". The Economic Times. 1 September 2017. Retrieved 27 January 2018.
  2. "IDFC Ltd" – via Business Standard.
  3. "IDFC Ltd. Stock Price, Share Price, Live BSE/NSE, IDFC Ltd. Bids Offers. Buy/Sell IDFC Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes". www.moneycontrol.com.
  4. Reporter, B. S. (8 March 2008). "IDFC buys StanChart AMC for $205 million" – via Business Standard.
  5. "About Us". www.idfcfoundation.com.
  6. Vishnoi, Abhishek. "IDFC bank unit to begin operations from 1 October". Live Mint. HT Media Ltd. Retrieved 2 October 2015.
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