IRFC awarded Navratna status by the Government of India
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IRFC is a key financial institution under the Ministry of Railways and has been awarded the prestigious Navratna status by the Government of India. This recognition marks a significant milestone in IRFC’s journey as one of the Central Public Sector Enterprises (CPSE) supporting India’s railway infrastructure.
Established on December 12, 1986, as a 100% government-owned entity, IRFC has been instrumental in financing the expansion and modernization of Indian Railways. Over the years, it has evolved into a major financial player, registering as a Public Financial Institution under the Companies Act in 1993, an NBFC under RBI in 1998, and later as an NBFC-Infrastructure Finance Company (NBFC-IFC) in 2010.
In March 2018, it was granted Mini-Ratna Category-I status. The company was listed on stock exchanges in January 2021 at an IPO price of Rs 26, which has now surged to around Rs 120. In July 2024, IRFC Stock price reached around Rs 229.
With a revenue of over Rs 26,600 crore and a profit after tax exceeding Rs 6,400 crore as of March 31, 2024, IRFC is now the third-largest government NBFC in India. It has played a key role in funding nearly 80% of Indian Railways’ rolling stock and was the first CPSE to issue a 30-year tenor bond in overseas markets.
As of 6th March 2025, IRFC has a market capitalization of over Rs 157,423 crore, and assets under management (AUM) of Rs 4.61 lakh crores.
