About
Basic Data Updated:
22 days agoThe Indian Railway Finance Corporation Limited, a GoI undertaking under the Ministry of Railways, serves as a financing arm for the ministry. It has also been registered with the Reserve Bank of India as a Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC-ND-SI) and an Infrastructure Finance Company (NBFC-IFC). The primary function of IRFCL is to secure funds from the financial markets and use them to acquire or create assets that are then leased to the Indian Railways. These funds are crucial for acquiring rolling stock assets and developing infrastructure, which make up a significant portion of the annual capital expenditure of the Indian Railways. Additionally, the company has been entrusted with the responsibility of financing Railway Projects through the Institutional Finance (EBR-IF) route.
Industry
Company Details
- Location
South Delhi, Delhi, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | L65910DL1986GOI026363 |
| Company No. | 026363 |
| Company Classification | Public Limited Union Government Company |
| Incorporation Date | 12 Dec 1986 |
| Date of AGM | 22 Sep 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Listed |
| ROC Code | Roc Delhi |
Financials of Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 17.89% increase. The company also saw a slight improvement in profitability, with a 4.06% increase in profit. The company's net worth Soared by an impressive increase of 10.91%.
Corporate Structure
Unlock access to Indian Railway Finance Corporation's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Indian Railway Finance Corporation Limited
Unlock and access historical data on people associated with Indian Railway Finance Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (3)
UR
Uma Ranade Managing DirectorAppointment Date: 01-Apr-2024
Status: Current
VS
Vijay Shirode Company SecretaryAppointment Date: 09-Mar-2018
Status: Current
SG
Sunil Goel CFOAppointment Date: 25-May-2023
Status: Current
Board Members(4)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 18 Jan 2024 | ₹1,000.00 Cr | Open |
Karnataka Bank Ltd. Creation Date: 18 Jan 2024 | ₹1,000.00 Cr | Open |
The South Indian Bank Limited Creation Date: 14 Dec 2023 | ₹350.00 Cr | Open |
Deals i
Gain comprehensive insights into the Deals and Valuation data of Indian Railway Finance Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Indian Railway Finance Corporation's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alert
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Related Corporates (Common Directorship)
Indian Railway Finance Corporation Limited
Active
37 years 5 months Baldeo Purushartha, Vijay Shirode and 1 more are mutual person
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Recent activity within the organization
Charges
A charge registered on 24 Oct 2008 via Charge ID 10127207 with Sbicap Trustee Company Limited was fully satisfied on 03 Apr 2024.
03 Apr 2024Director Appointment
Uma Ranade was appointed as a Managing Director was appointed as a Managing Director on 01 Apr 2024 & has been associated with this company since 1 month 11 days .
01 Apr 2024Charges
A charge registered on 30 Sep 2021 via Charge ID 100492896 with State Bank Of India was fully satisfied on 29 Feb 2024.
29 Feb 2024Charges
A charge registered on 25 Jul 2022 via Charge ID 100601713 with Indian Overseas Bank was fully satisfied on 09 Feb 2024.
09 Feb 2024Charges
A charge with Sbicap Trustee Company Limited of Rs. 55.00 cr registered on 29 Nov 2013 with Charge ID 10468781 was modified on 07 Feb 2024.
07 Feb 2024
Recent News, Updates & Announcement
IRFC Raises Rs 2120 Crore Through Bond Issue.Btvi 03 Jul 2019
- Govt targets IRCTC IRFC IPOs by Sept to raise Rs 1500 crore.
IRCTC IPO could fetch about Rs 500 crore while IRFC could garner close to Rs 1000 crore.
Economic Times 17 Apr 2019
- Indian Companies Turn to YenDenominated Loans from Japan Amidst Caution from Dollar Lenders.
Indian companies are borrowing more yendenominated loans from Japan due to low interest rates and easier availability of funds This is because dollar lenders are becoming more cautious Samurai loans which make up a small portion of Indian firms foreigncurrency facilities are growing in importance Highly rated companies are turning to these loans as overseas banks are hesitant to extend dollar funds This trend is expected to continue as yen loans are cheaper than dollar loans.
mint 11 Sep 2018
- Bank Grants Funds for EcoFriendly Projects Dedicated Freight Railway Lines and Public Passenger Transport.
Me Can I borrow money for my ecofriendly projects Bank Sure just take this bond and finance your Dedicated Freight Railway Lines and Public Passenger Transport GreenGoals EcoFriendly BondingForABetterWorld.
TechObserver 06 Dec 2017
- India shortlists investment banks for IPO of IRFC .
Deal Street Asia 26 Apr 2017
Frequently asked questions
What is the Incorporation or founding date of Indian Railway Finance Corporation Limited?
