Infrastructure Development Finance Company Limited, more commonly known as IDFC, is a finance company based in India under Department of Financial Services, Government of India. It provides finance and advisory services for infrastructure projects as well as asset management and investment banking.

Company history

IDFC was incorporated on 30 January 1997 by

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, ...

with its registered office in

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

and started operations on 9 June 1997. In August 2005, the company's equity shares were listed at 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, M ...

(NSE) and

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange i ...

(BSE) after an

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 investme ...

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

IDFC Bank IDFC First Bank (formerly IDFC Bank) is an Indian Private Sector Bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First Ltd., an Indian non-bank financial institution. It is the first unive ...

started operating banking services on 1 October 2015.

References

External links

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IDFC Bank
{{Authority control Infrastructure in India Financial services companies based in Chennai Companies listed on the Bombay Stock Exchange IDFC First Bank 1997 establishments in Tamil Nadu Indian companies established in 1997 Companies listed on the National Stock Exchange of India