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Indian Railway Finance Corp Ltd (IRFC) is a government-owned entity under the Ministry of Railways, which primarily carries out the business of mobilizing funds from domestic and international capital markets. The company's main activities include financing the acquisition of rolling stock and project assets for the Indian Railways. IRFC's services are crucial for the infrastructural development of the Indian Railways, providing financial support for locomotives, passenger coaches, and wagons. It serves the Indian Railways and related entities. The company has operations across India. IRFC is headquartered in New Delhi, India.
Indian Railway Finance Corp Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Short Term Loans | Borrowing |
| Taxable Bonds | Lending |
| External Commercial Borrowings | Leasing |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Others | In March, the company expanded into renewable energy financing to support India's 500 GW non-fossil fuel target by 2030. |
| 2019 | New Products/Services | In May, the company had launched 54EC bonds. |
| 2018 | Corporate Awards | In March, the company was awarded across the category of Best Employee Productivity & Overall Best Performance – Financial at Governance. |
Competitor Comparison
| Key Parameters | Indian Railway Finance Corp Ltd | Punjab National Bank | IDFC First Bank Ltd | Cholamandalam Investment and Finance Company Ltd | Rail Vikas Nigam Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | New Delhi | New Delhi | Mumbai | Chennai | New Delhi |
| State/Province | Delhi | Delhi | Maharashtra | Tamil Nadu | Delhi |
| No. of Employees | 45 | 106,420 | 42,190 | 46,678 | 213 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Manoj Kumar Dubey | Managing Director; Chairman; Chief Executive Officer | Executive Board | 2024 | - |
| Sunil Kumar Goel | General Manager; Chief Financial Officer | Senior Management | 2023 | - |
| Ajoy Choudhury | Chief Risk Officer | Senior Management | 2024 | - |
| Pranav Kumar Mallick | Chief Vigilance Officer | Senior Management | 2023 | - |
| Manish Chandra | Director - Human Resources and Administration | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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