IDFC Ltd - Company Profile
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IDFC Ltd (IDFC), formerly, Infrastructure Development Finance Company Ltd, is a non-banking finance company (NBFC)–Investment Company offering banking and other financing solutions. The company’s offerings include a range of accounts, loans, cards, insurance, payment services, cash management solutions, foreign exchange, and online banking solutions It offers institutional brokerage services to foreign and domestic financial institutions and funds investing in India. IDFC is a multi-asset class fund manager with a presence in infrastructure equity, private equity, and the real estate market. It offers mutual funds and offers investment advisory services. The company operates in India, Singapore, Mauritius, and the US. IDFC is headquartered in Mumbai, Maharashtra, India.
IDFC Ltd premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Accounts and Deposits | Digital Banking | IDFC Bank |
Cards | ATM Services | IDFC |
Bancassurance | Alternative Asset Management: | IDFC IFL |
XYZ | ||
XYZ | ||
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Regulatory Approval | In December, the company secured approval from the Reserve Bank of India to merge with IDFC First Bank. |
2023 | Regulatory Approval | In October, the company received approval from Competition Commission of India to merge with IDFC First Bank Ltd. |
2022 | Contracts/Agreements | In November, the company announced that The Reserve Bank of India selected SBI, ICICI, IDFC and HDFC to participate in its retail central bank digital currency (CBDC) trials. |
Competitor Comparison
Key Parameters | IDFC Ltd | ICICI Bank Ltd | Axis Bank Ltd | Poonawalla Fincorp Ltd | SREI Infrastructure Finance Ltd |
---|---|---|---|---|---|
Headquarters | India | India | India | India | India |
City | Mumbai | Mumbai | Mumbai | Pune | Kolkata |
State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | West Bengal |
No. of Employees | 328 | 126,660 | 91,898 | 2,452 | 20 |
Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Mahendra N. Shah | Managing Director; Director | Executive Board | 2022 | 64 |
Bipin Gemani | Chief Financial Officer | Senior Management | - | - |
Anil Singhvi | Chairman | Non Executive Board | 2021 | 64 |
Jaimini Bhagwati | Director | Non Executive Board | 2021 | 70 |
Ajay Sondhi | Director | Non Executive Board | 2019 | 63 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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