Indian Railway Finance Corporation (IRFC) is an Indian
public sector undertaking engaged in raising financial resources for expansion and running through capital markets and other borrowings. The
Government of India
The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, c ...
owns a majority stake in the company, while the
Ministry of Railways
A Ministry of Railways is a Cabinet department that exists or has existed in many Commonwealth states as well as others. It generally occurs in countries where railroad transportation is a particularly important part of the national infrastructure. ...
has the administrative control.
History
IRFC was founded on 12 December 1986.
It started borrowing from the market in 1987–88.
The company
IRFC raises money through financial bonds and from banks and financial institutions. In 2019
Amitabh Banerjee was appointed as the Managing Director of the company.
The company announced its
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
on 18 January 2021
and got listed on the
National Stock Exchange of India
National Stock Exchange of India Limited (NSE) is the leading stock exchange under the ownership of various group of domestic and global financial institutions, public and privately owned entities and individuals. It is located in Mumbai, Mah ...
/
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.
See also
*
Rail Vikas Nigam
Rail Vikas Nigam Limited is an Indian public sector undertaking which works as the construction arm of the Ministry of Railways for project implementation and transportation infrastructure development. It was incorporated in 2003 to meet the cou ...
, involved in building rail infrastructure required by the Indian railways.
References
External links
Official site
{{Authority control
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