Indian Railway Finance Corporation Limited (IRFC) was incorporated as a public limited company on 12th December,1986 by the Ministry of Railways, as a wholly Government owned public financial institution for the purpose of raising resources to meet the developmental needs of the Indian Railways. After obtaining Certificate of Commencement of Business, the company started its operations on 23rd December,1986.
The Corporation has been run efficiently with a work force of 37 as on 31.03.2022. The authorised Capital of the Company is Rs 25,000 crore and the paid up share capital is Rs 13,068.506 crore. The Company has been consistently earning profit.
IRFC’s registered office is located at Room Nos. 1316 – 1349, 3rd Floor, Hotel The Ashok, Diplomatic Enclave, 50-B, Chanakypuri, New Delhi – 110021
Indian Railway Finance Corporation Ltd. is a dedicated financing arm of the Ministry of Railways. Its sole objective is to raise money from the debt Capital markets to part-finance the plan outlay of Indian Railways. The money so made available is used predominantly for acquisition of new rolling stock assets to be leased to Indian Railways or developing railway Infrastructure. IRFC’s funding has supported technology infusion in the Railways. For instance, it has enabled Ministry of Railways to purchase new generation Locomotives from General Motors (USA) along with transfer of technology and new generation Coaches from Germany for use in high-speed trains.