India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#227- Valuation
- ₹18,400 Cr
2022 #277 2021 #336
Revenue · FY 2023
₹154.24 Cr
▲ 70% YoY
Net profit · FY 2023
₹971.76 Cr
Latest filing
EBITDA · FY 2023
₹8,849.45 Cr
Latest filing
Authorised capital
₹15,367 Cr
Registered with MCA
Paid-up capital
₹1,599.98 Cr
Issued & subscribed
Satisfied charges
₹87,835 Cr
No open charges
Company age
29 yrs
Est. 1997
Directors on board
6
As per MCA filings
About Idfc Limited
Data last updated:
Idfc Limited was a public limited company based in Teynampet, Tamil Nadu, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 30 January 1997.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN L65191TN1997PLC037415. Its GSTIN is 27AAACI2663N1ZA (Maharashtra). The company held 4 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 28 Jan 2025 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹15,367 Cr and a paid-up capital of ₹1,599.98 Cr. It was formerly known as Infrastructure Development Finance Company Limited. It was led by directors including Mahendra Narandas Shah (Managing Director) and Bipin Narandas Gemani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 17 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Teynampet, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹154.24 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net profit of ₹971.76 Cr and EBITDA of ₹8,849.45 Cr. Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 58% over five years.
Its group structure included 1 subsidiary.
The company was associated with 2 brands: IDFC Institute and IDFC. As per MCA filings, the company had satisfied charges of ₹87,835 Cr on record. Court records list 91 cases involving the company, including 41 filed by the company and 50 filed against it; 34 cases are pending. The company has 69 deals on record (57 market trades, 5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹3,623.71 Cr; the latest was in October 2024. Its 5 peer companies in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 2 smaller; the largest is Grow Money Capital Private Limited with revenue of ₹155.78 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 2 overdue payments to 1 micro and small supplier.
The last known website on record is idfc.com.
Company details
CIN L65191TN1997PLC037415
Registration Number 037415
Incorporation Date 30 January 1997
ROC Chennai
Listing Status Listed - Delisted from BSE on 28 Jan 2025 · merger
Company Status Amalgamated
Date of Last AGM 17 August 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
Key People
Mahendra Narandas Shah Managing Director Bipin Narandas Gemani Whole-Time Director Jaimini Bhagwati Director Recognitions & Rankings of Idfc
Contact details
Idfc Limited's registered office is in Teynampet, Tamil Nadu. Its website is idfc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4th Floor Capitale Tower 555 Anna Salai Thiru VI Kudiyiruppu, India, Teynampet, Tamil Nadu, India – 600018
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Idfc Limited, buy the company report.
Comprehensive company report
Idfc Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Idfc operates two associated brands: IDFC Institute and IDFC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Commercial banking services are provided by IDFC in India. | idfc.com | |
| Provider of research and development services to investigate the political, economic and spatial dimensions | idfcinstitute.org |
Business activity
The main business activity of Idfc is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Idfc Limited, buy the company report.
Financials of Idfc Limited
FY 2023 filings availableIdfc Limited reported revenue of ₹154.24 Cr (up 70% YoY) for FY 2023.
Revenue · FY 2023
₹154.24 Cr ▲ 70%
Net profit · FY 2023
₹971.76 Cr
EBITDA · FY 2023
₹8,849.45 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 70%
3 years · compounded
▼ 25%
5 years · compounded
▼ 58%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 3%
Revenue rose 70% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 58%. EBITDA rose 4% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8,849.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹971.76 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Idfc Limited, buy the company report.
Board of directors and KMP of Idfc Limited
Idfc Limited currently reports 5 directors and 1 key managerial person. 31 former directors have served the organization.
Directors and KMP (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaimini Bhagwati Also directs: Apollo Tyres Limited. | Director | 25 May 2021 | 5 Years 5 Months | As last reported |
| Anita Belani | Director | 09 Nov 2021 | 4 Years 11 Months | As last reported |
| Mahendra Narandas Shah Also directs: Surekha Properties Limited | Managing Director | 24 Aug 2022 | 4 Years 2 Months | As last reported |
| Anil Chandanmal Singhvi Also directs: Anagha Advisors LLP, Shree Digvijay Cement Co Limited, Ican Investments Advisors Private Limited and 4 more | Director | 25 May 2021 | 5 Years 5 Months | As last reported |
| Shivangi Maheshkumar Mistry | Company Secretary | 25 Aug 2022 | 4 Years 2 Months | As last reported |
| Bipin Narandas Gemani | Whole-Time Director | 17 Jul 2023 | 3 Years 3 Months | As last reported |
Peer comparison
Idfc Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Grow Money Capital Private Limited | ₹155.78 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India | |||
| Udayachal Viniyog Pvt Ltd | ₹155.08 Cr (FY 2025) | -14.0% | Kolkata, West Bengal, India | |||
| Sugmya Finance Private Limited | ₹155.04 Cr (FY 2025) | 8.0% | Delhi, India | |||
| Idfc Limitedthis company | ₹154.24 Cr (FY 2023) | ₹971.76 Cr | 70.0% | Teynampet, Tamil Nadu, India | ||
| Standard Chartered Capital Limited | ₹153.17 Cr (FY 2019) | -15.0% | Mumbai, Maharashtra, India | |||
| RPS Properties Pvt. Ltd. | ₹152.14 Cr (FY 2020) | -3.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Idfc Limited, buy the company report.
Auditor
Idfc Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2018 | 304026E/E300009 |
Shareholding
The shareholding of Idfc Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Idfc Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹87,835 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2015 | 10581111 | Idbi Trusteeship Services Limited | ₹1,300 Cr | Satisfied | |
| 17 Jul 2015 | 10580857 | Idbi Trusteeship Services Limited | ₹300 Cr | Satisfied | |
| 07 Jul 2015 | 10578456 | Idbi Trusteeship Services Limited | ₹650 Cr | Satisfied | |
| 24 Apr 2015 | 10565274 | Idbi Trusteeship Services Limited | ₹550 Cr | Satisfied | |
| 13 Feb 2015 | 10549997 | Idbi Trusteeship Services Limited | ₹900 Cr | Satisfied |
To see the full charge records of Idfc Limited, buy the company report.
Total charge records: 128 View all charges
Deals & funding
Idfc Limited has 69 deals on record (57 market trades, 5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹3,623.71 Cr; the latest was in October 2024.
Total deals
69
Market trades
57
Funding rounds
5
Secondary share transfers
3
QIPs
2
Disclosed funding
₹3,623.71 Cr
Deals on record (5 of 69)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2023 | Acquisition | Undisclosed | Buyer: Idfc First Bank Limited |
| Apr 2021 | Market trade | ₹50.46 Cr | Buyer: Plutus Wealth Management LLP |
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: The Chatterjee Group Seller: Idfc Financial Holding Company Limited |
| Sep 2014 | QIP | ₹1,000.1 Cr | Investors: ICICI Prudential Fund, Reliance Capital Fund, Birla Sunlife Trustee Company Private Limited |
| Dec 2007 | Market trade | ₹788.59 Cr | Buyer: Vinamra Universal Traders Private Limited Seller: Nikko Global Am Singapore Ac Nikko Cordial Corporation, Barclays Capital, an individual |
To see the full deal history of Idfc Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Idfc Limited has 91 court cases on record: 41 filed by Idfc, 50 filed against it. 34 cases are pending and 57 are disposed.
Total cases
91
Filed by the company
41
Filed against the company
50
Pending
34
Disposed
57
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 62 | 32 | 24 |
| District courts | 26 | 18 | 10 |
| NCLT | 3 | 0 | 0 |
Cases on record (5 of 91)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Court case (CS DJ ADJ) | Filed by the company against HDFC Bank Ltd | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against DSC Ltd | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed by the company against HDFC Bank Ltd & Ors | Disposed |
| High Court of Delhi | Court case (EX.P.) | Filed by the company against Delhi -Gurgaon Super Connectivity Ltd and Anr | Disposed |
| District court, South West, Delhi | Criminal case | Filed by the company against DSC Limited Ors | Disposed |
To see the full case history of Idfc Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Idfc Limited was last rated by Icra on 31 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 Jan 2020 |
To see the full credit ratings and regulatory alerts of Idfc Limited, buy the company report.
MSME payment delays
Idfc Limited has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Adfactors Advertising LLP |
To see the full MSME payment records of Idfc Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Idfc has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Idfc Financial Holding Company Limited | U65900TN2014PLC097942 |
To see the full group structure of Idfc Limited, buy the company report.
GST
Idfc has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI2663N1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Idfc Limited, buy the company report.
Recent activity
Idfc Limited has 62 board changes on record since 1997: 34 appointments and 28 cessations. The latest: Ajay Sondhi ceased to be Director on 17 Aug 2023.
AGM
Idfc Limited last Annual general meeting of members was held on 17 Aug 2023 as per latest MCA records.
Ceased
Ajay Sondhi ceased to be Director.
Appointed
Bipin Narandas Gemani was appointed as Whole-Time Director.
Filing
Idfc Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
Ceased
Sunil Kakar ceased to be Managing Director.
Appointed
Shivangi Maheshkumar Mistry was appointed as Company Secretary.
Appointed
Mahendra Narandas Shah was appointed as Managing Director.
Ceased
Ritu Anand ceased to be Director.
Appointed
Anita Belani was appointed as Director.
Ceased
Vinod Rai ceased to be Additional Director.
Appointed
Anil Chandanmal Singhvi was appointed as Director.
Appointed
Jaimini Bhagwati was appointed as Director.
372 earlier events are in the company report.
News
Frequently asked questions
Idfc has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Idfc was a public limited company based in Teynampet, Tamil Nadu, India. The company worked in nbfc, within the financial services industry. It was incorporated on 30 January 1997 and is registered under CIN L65191TN1997PLC037415. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Idfc was incorporated on 30 January 1997. It is registered with the Registrar of Companies, Chennai.
Idfc had 6 directors and KMP:
- Mahendra Narandas Shah - Managing Director
- Bipin Narandas Gemani - Whole-Time Director
- Jaimini Bhagwati - Director
- Anita Belani - Director
- Anil Chandanmal Singhvi - Director
- Shivangi Maheshkumar Mistry - Company Secretary
The CIN (Corporate Identification Number) of Idfc is L65191TN1997PLC037415. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Idfc is recorded as a listed company by MCA, but its shares were delisted from BSE on 28 Jan 2025 · merger, and no longer trade on a stock exchange.
The registered office of Idfc is at 4th Floor Capitale Tower 555 Anna Salai Thiru VI Kudiyiruppu, India, Teynampet, Tamil Nadu, India – 600018.
Idfc can be reached through the website idfc.com. Its registered office is in Teynampet, Tamil Nadu, India.
The latest financial statements of Idfc on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 17 August 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Idfc is 27AAACI2663N1ZA, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
Idfc operated in the financial services industry, in the nbfc segment.
Idfc has 69 deals on record (57 market trades, 5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹3,623.71 Cr; the latest was in October 2024.