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Indian Railway Finance Corporation

Indian Railway Finance Corporation (IRFC) is an Indian public sector undertaking (PSU)[2] engaged in raising financial resources for expansion and running through capital markets and other borrowings.[3][4] The Government of India owns a majority stake in the company, while the Ministry of Railways has administrative control.[5] In March 2025, IRFC was given the Navaratna status by the Government of India, becoming the 26th PSU in this list.[6][7]

History

IRFC was founded on 12 December 1986.[8] 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

IRFC raises money through financial bonds and from banks and financial institutions.[12][13]

Board of directors

IRFC's Board of Directors includes Uma Ranade as chairman and managing director, Shelly Verma as Director (Finance), Baldeo Purushartha as Nominee Director, Vallabhbhai Maneklal Patel as Non-Official Independent Director, and Sheela Pandit as Non-Official Independent Director.[14][15]

See also

  • Rail Vikas Nigam, involved in building rail infrastructure required by the Indian railways.

External links

References

  1. Annual Report 2023-24 IRFC, 29 August 2024, retrieved 11 September 2024^
  2. IRFC, HUDCO tax free bonds closing date entended, should you invest? Economic Times^
  3. IRFC Rides High: Rail PSU Stock Soars 12% This Week, Analysts Eye Further Upside Bru Times News^
  4. IRFC, Rural Electrification Corp, IIFC eye Rs 12,000 crore through tax-free bonds Economic Times^
  5. Maharatna, Navratna and Miniratna CPSEs dpe.gov.in, Department of Public Enterprises (Indian Government), retrieved 28 September 2021^
  6. IRCTC, IRFC get 'navratna' status. What does it mean for the two railway PSUs? Livemint, 3 March 2025, retrieved 14 March 2025^
  7. IRCTC receives Maharatna Tag Twitter^
  8. J. K. Jha. Indian Railway Finance Corporation IPO: Opens tomorrow: Key details an investor should know before subscribing www.thehansindia.com, 17 January 2021, retrieved 11 September 2021^
  9. IRFC IPO: First IPO Of 2021 To Open On January 18: Key Things To Know NDTV.com, 13 January 2021, retrieved 2 August 2021^
  10. Shareholding Pattern FY 2024-25 Q3 irfc.co.in, IRFC, retrieved 14 March 2025^
  11. Akash Podishetti. IRFC Q3 Results: Co posts its biggest-ever profit of Rs 1,802 crore, up 11% YoY The Economic Times, 2026-01-19, retrieved 2026-01-19^
  12. Select institutions can raise Rs 50,000 cr tax-free bonds The Hindu Business Line, 28 February 2013, retrieved 7 July 2018^
  13. Saikat Das. LIC will invest up to Rs 26,000 crore in IRFC The Economic Times, 5 July 2018, retrieved 6 November 2020^
  14. IRFC Board of Directors retrieved 12 August 2022^
  15. Amitabh Banerjee appointed managing director of IRFC Tribuneindia News Service, retrieved 7 September 2021^