Indian Railway Finance Corporation
Indian public sector undertaking
From Wikipedia, the free encyclopedia
Indian Railway Finance Corporation (IRFC) is an Indian public sector undertaking (PSU)[3] engaged in raising financial resources for expansion and running through capital markets and other borrowings.[4][5] The Government of India owns a majority stake in the company, while the Ministry of Railways has administrative control.[6] In March 2025, IRFC was given the Navaratna status by the Government of India, becoming the 26th PSU in this list.[7][8]
| |
Company type | Public |
|---|---|
| ISIN | INE053F01010 |
| Industry | Financial services |
| Founded | 12 December 1986[1] |
| Headquarters | New Delhi, India |
Key people | Manoj Kumar Dubey (Chairman & MD) |
| Services |
|
| Revenue |  ₹26,644 crore (US$2.8 billion) (2023-24) |
| ₹26,519 crore (US$2.8 billion) (2023-24) | |
| ₹6,412 crore (US$680 million) (2023-24) | |
| Total assets | ₹464,641 crore (US$49 billion) (2023-24) |
| Total equity | ₹49,178 crore (US$5.2 billion) (2023-24) |
| Owner | Government of India (86.36%) |
Number of employees | 42 |
| Website | irfc |
| Footnotes / references [2] | |
History
IRFC was founded on 12 December 1986.[1] It started borrowing from the market in 1987–88.
The company launched its initial public offering on 18 January 2021[9] and got listed on the National Stock Exchange of India and Bombay Stock Exchange on 29 January 2021.
As of 2024-25 Q3 reports, its promoter group (Government of India) holds 86.36% ownership while the public has the rest of the 13.64% shares.[10] In January 2026, Indian Railway Finance Corporation (IRFC) reported its highest ever quarterly profit for the third straight quarter, driven by steady loan growth and better margins. Profit after tax for the December 2025 quarter rose 11% YoY to Rs 1,802 crore.[11]
Operations
Board of directors
See also
- Rail Vikas Nigam, involved in building rail infrastructure required by the Indian railways.