Indian Railway Finance Corporation (IRFC) is an Indian
public sector undertaking[5] engaged in raising financial resources for expansion and running through capital markets and other borrowings.[6][7] The
Government of India owns a majority stake in the company, while the
Ministry of Railways has administrative control.[8]
History
IRFC was founded on 12 December 1986.[1] It started borrowing from the market in 1987–88.
IRFC raises money through financial bonds and from banks and financial institutions.[10][11]
Board of directors
IRFC's Board of Directors includes Uma Ranade as Chairman and Managing Director, Shelly Verma as Director (Finance), Baldeo Purushartha as Nominee Director, Vallabhbhai Maneklal Patel as Non-Official Independent Director, and Sheela Pandit as Non-Official Independent Director.[12][13]
See also
Rail Vikas Nigam, involved in building rail infrastructure required by the Indian railways.