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 20. The authorised Capital of the Company is Rs. 1000 crore and the paid up share capital is Rs. 500 crore. The Company has been consistently earning profit.
IRFC’s registered office is located at UG Floor, East Tower, NBCC Place, Bhisham Pitamah Marg, Pragati Vihar, Lodhi Road, New Delhi-110 003.
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. Till 31st March, 2007, Rolling Stock assets - Locomotives, Coaches and Wagons - valued at Rs. 39,511.11 crore have been added to the asset base of the Indian Railways with funding assistance from IRFC. 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) alongwith transfer of technology and new generation Coaches from Germany for use in high speed/Shatabadi trains.