IFCI Ltd

(IFCI)

IFCI Ltd is a nonbanking financial company providing range of services such as project financing, debt and equity underwriting, syndication, venture capital, stock broking, merchant banking, factoring, asset reconstruction, technical consultancy and management education. It was established in 1948 by Act of Parliament to provide institutional finance for industrial development. It is also a Nodal Agency for monitoring of Sugar Development Fund SDF loans and was designated by Government of India to provide guarantee to banks against loans to scheduled caste entrepreneurs. During 1998-1999 it acquired some subsidiaries and also received an award for Corporate Excellence. During 2007, it was regulated as a nonbanking financial company and went on to promote IFCI Infrastructure Development Ltd. IIDL as wholly owned subsidiary. During 2014-15, the company introduced IFCI Benchmark Rate IBR to lend at competitive rate. Government of India increased its shareholding in the company to 55.53%. The company forayed into securities lending and borrowing schemes, currency futures and repo and reverse repo transactions in corporate bonds. It acquired 18.95% equity stake of IDBI Bank Ltd and has taken initiatives to expand its treasury operations. The company has made investments in Stock Holding Corporation of India Ltd and Rajasthan Consultancy Organisation Ltd. During FY 2018-19 , the company focused on recoveries from NonPerforming Accounts (NPA) and exited from long standing unquoted project equity investments. It has also acquired 225,000,000 preference shares from certain Scheduled Commercial Banks. As of March 31 2019, the company had investments in 274154700 shares in its subsidiary IFCI Factors Ltd.

Share Price: ₹56.98 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹15,495.98Cr as of today
Revenue: ₹0.00Cr as on June 2024 (Q2 24)
Net Profit: ₹-87.97Cr as on June 2024 (Q2 24)
Listing date: 03 Nov, 1994