83.50
+3.82%
Close of 9 Nov 2026, in INR
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About Indian Railway Finance Corp
Its shares trade on NSE under the ticker IRFC.NS. It has been listed since 29 January 2021. In the fiscal year to 31 March 2026, it reported revenue before interest expense of ₹273.38bn and net income of ₹70.09bn. At that date it held total assets of ₹5.17trn and shareholders' equity of ₹567.49bn.
Indian Railway Finance Corp. Ltd. engages in the business of borrowing funds from the finance markets to finance the acquisition of assets which are leased out to the Indian Railways as finance lease. The company is headquartered in New Delhi, Delhi. The company went IPO on 2021-01-29. The firm operates through the Leasing and Finance segment. The Company’s principal business is to borrow funds from the financial markets to finance the acquisition / creation of assets, which are then leased out to the Indian Railways as finance lease. The Company’s main business is to finance the acquisition of rolling stock assets, leasing of railway infrastructure assets, and lending to other entities under the Ministry of Railways (MoR). The company uses a leasing approach to fund Indian Railways' Rolling stock and project assets. The company lends funds to MoR and other Railway Entities in order to fuel their growth plan. The company also provides loans to Rail Vikas Nigam Limited (RVNL) and IRCON. The company raises funds from various sources, including term loans and bonds from domestic and international market.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Financial Services
- Listed since
- 29 Jan 2021
- Employees
- 41
- Website
- irfc.nic.in ↗
Leadership
Pay as last reported
- Shri. Manoj DubeyChairman of the Board, Chief Executive Officer, Managing Director, since 2024₹400,000
- Shri. Randhir SahayChief Financial Officer, Director - Finance, Executive Director, since 2025
- Shri. Vijay ShirodeChief Compliance Officer, Company Secretary₹430,000
- Shri. Ajoy ChoudhuryChief Risk Officer
- Shri. Manish ChandraExecutive Director of Human Resources
- Shri. Abhishek KumarGovernment Nominee Director
- Shri. Baldeo PurusharthaGovernment Nominee Director
- Shri. Vallabhbhai PatelNon-Official Independent Director₹580,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 26
- Environment
- 24
- Social
- 43
- Governance
- 12
- Direct emissions (scope 1)
- 20.97 t
- Energy emissions (scope 2)
- 77.77 t
- Women in the workforce
- 18.75%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Indian Railway Finance Corp Ltd finances rolling stock assets for Indian Railways with leasing approach.
- The company provides loans to Rail Vikas Nigam Limited and IRCON for railway projects.
- It raises funds through term loans and bonds from domestic and international markets.
Weaknesses
- The company has only 41 employees, indicating limited operational capacity.
- It relies solely on the Indian Railways for its primary business segment.
- The company's IPO was on 29 January 2021, showing recent market entry.
Opportunities
- Expanding leasing services to other government infrastructure projects beyond railways.
- Increasing bond issuance to international markets for higher capital access.
- Growing demand for railway infrastructure financing in India's expanding economy.
Threats
- Dependence on Indian Railways may lead to revenue volatility if railway projects slow.
- Economic downturns could reduce government spending on railway infrastructure.
- Competition from other financial institutions in the Indian Railways financing sector.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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