Indian Railway Finance Corporation Conferred Navratna Status

As of December 31, 2024, IRFC has a market capitalization of over Rs. two lakh crore, an asset under management (AUM) of Rs. 4.61 lakh crore and a net worth of around Rs. 52,000 crore

Indian Railway Finance Corporation (IRFC), a key financial institution under the Ministry of Railways, 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 per cent government-owned entity, IRFC has been instrumental in financing the expansion and modernisation 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. 140.

With 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 per cent of Indian Railways' rolling stock and was the first CPSE to issue a 30-year tenor bond in overseas markets. As of December 31, 2024, IRFC has a market capitalization of over Rs. two lakh crore, an asset under management (AUM) of Rs. 4.61 lakh crore, a net worth of around Rs. 52,000 crore, and a balance sheet size of more than Rs. 4.81 lakh crore.