Indian Railway Finance Corporation Limited

Indian Railway Finance Corporation Limited (IRFC) is a Government of India undertaking under the administrative control of the Ministry of Railways (MoR) and serves as its dedicated financing arm. The company is registered with the Reserve Bank of India (RBI) as a systemically important non-deposit-taking NBFC and Infrastructure Finance Company (NBFC-IFC) and is also recognised as a Public Financial Institution under the Companies Act. IRFC is wholly owned by the Government of India and operates under the Ministry of Railways, providing financing for the acquisition of rolling stock and the development of railway infrastructure. In addition to leasing railway assets to Indian Railways, the company also finances railway projects and extends loans to various entities under the Ministry of Railways. IRFC benefits from its strategic importance as the principal financing arm of the Ministry of Railways, a well-defined cost-plus operating model, and strong sovereign ownership. Its exclusive role in financing Indian Railways and continued support from the Government of India underpin its stable business profile and operational strength.