About IFCI Limited 

IFCI Limited is a Government of India Undertaking and a government‑owned NBFC‑ND‑SI. The company positions itself as “In Development of the Nation since 1948,” reflecting its longstanding role in India’s financial ecosystem. Its core activities include financing and related services for corporates across infrastructure, manufacturing, services, real estate, agro‑based and other diversified sectors; as of March 31, 2024, IFCI served 414 corporate borrowers. Beyond lending, IFCI provides advisory and consultancy services and serves as Project Management Advisor/Nodal Agency for several Government schemes. Notably, it is the PMA for 10 out of 14 Production Linked Incentive (PLI) schemes, adding a visibility‑rich fee stream to its franchise. The company is also registered with SEBI as a debenture trustee (registration code: IND000000002).

Geographically, IFCI operates domestically through four offices in Mumbai, Delhi, Hyderabad and Kolkata. There are no international offices, and IFCI is not involved in exports. The Group offers a broad suite of services, including custodial and depository services, brokerage, digitisation and software services, project advisory and execution, consultancy, real‑estate development and hospitality services, delivered by the company and group entities. As of March 31, 2024, IFCI had 6 subsidiaries and 7 step‑down subsidiaries; the company has identified material subsidiaries and maintains a policy for determining material subsidiaries on its website.

Key milestones and governance markers in the latest period include the company’s continued status as a Government‑owned NBFC‑ND‑SI and its compliance with RBI’s capital adequacy and risk management frameworks.

IFCI Limited’s Business Segments

• Financing Activity (NIC 64920): 81.36% of total turnover.
• Domestic vs. International: IFCI operates only in India; international offices NIL, and exports not applicable (implying no international revenue).

IFCI Limited’s Key Management

• Shri Rahul Bhave – Deputy Managing Director.
• Shri Suneet Shukla – Chief Financial Officer.
• Ms. Priyanka Sharma – Company Secretary.
• Shri Prasoon – Executive Director.
• Shri Sachikanta Mishra – Executive Director.
• Shri B. V. S. Atchuta Rao – Chief Vigilance Officer.

Latest Updates on  IFCI Limited

• Capital infusions by the Government of India: 29,36,85,756 equity shares were allotted during FY 2023‑24 (Rs 400 crore), increasing the GoI’s holding from 66.35% to 70.32%. Subsequently, on April 18, 2024, a further allotment of 12,39,77,188 shares (Rs 500 crore) raised GoI’s stake to 71.72%.
• Leadership changes: The tenure of Shri Manoj Mittal as MD & CEO was extended on April 03, 2024, up to June 11, 2026, but he ceased to be MD & CEO w.e.f. July 27, 2024, upon appointment as CMD, SIDBI. Shri Rahul Bhave was appointed Whole‑Time Director, designated as Deputy Managing Director w.e.f. November 28, 2023.
• Board composition updates: The Government nominated Shri Jitendra Asati and Shri Surjith Karthikeyan as Government Directors w.e.f. April 04, 2024. Shri Umesh Kumar Garg was appointed as an Independent Director w.e.f. May 10, 2023.
• Senior finance change: Shri Suneet Shukla was appointed Chief Financial Officer w.e.f. August 11, 2023.
• Strategic role: IFCI continues as Project Management Advisor/Nodal Agency for Government PLI schemes; currently PMA for 10 of 14 PLI schemes.