IFCI Share Price

IFCI Limited is a Systemically Important Non-Deposit Taking Non-Banking Finance Company (NBFC-ND-SI) in the public sector. It was established in 1948 as a statutory corporation. The company is now a public limited company listed on the BSE and NSE. It provides financial support for the diversified growth of industries across multiple sectors. Its financing activities cover airports, roads, telecom, power, real estate, manufacturing, services, and allied industries. IFCI has also served as the Nodal Agency for the Sugar Development Fund since 1984. Additionally, Investors often review the IFCI price history while assessing the company's long-term market performance.

History & Milestones

IFCI was established by the Government of India on 1 July 1948. It became India's first Development Financial Institution through the IFC Act, 1948. The institution was created to support economic growth through industrial and infrastructure financing.

Following economic liberalisation in 1991, IFCI transformed from a statutory corporation into a company. It was registered under the Companies Act, 1956. The organisation adopted the name IFCI Limited in October 1999.

Key milestones include:

● 1948: IFCI was established on 1 July as a statutory corporation. It addressed India's post-independence capital demand and supply gap.

● 1991: IFCI was converted into a company. The move enabled direct fundraising through the capital markets.

● 1999: The organisation was officially renamed IFCI Limited with effect from October 1999.

● 1984: IFCI was appointed as the Nodal Agency for monitoring loans under the Sugar Development Fund.

● 2015: The Ministry of Social Justice and Empowerment appointed IFCI as the Nodal Agency. The appointment covered implementation of the Credit Enhancement Guarantee Scheme for Scheduled Castes.

Key Achievements

● Average deployment during FY 2023–24 increased to ₹887.91 crore. It stood at ₹411.19 crore during FY 2022–23. The annualised return reached 7.08%.

● Interest income from investments stood at ₹45.44 crore during FY 2023–24. It was ₹26.51 crore during the previous year. The increase was mainly driven by higher interest rates and improved liquidity.

● The Government of India established a ₹200 crore Venture Capital Fund for Scheduled Castes with IFCI. IFCI committed ₹50 crore as the lead investor and sponsor.

● IFCI Venture Capital Funds Limited was established in 1975. The subsidiary has managed several schemes, including the Technology Finance and Development Scheme since 1988.

Awards & Recognition

Awards published on IFCI's official website primarily relate to its subsidiary, Stock Holding Corporation of India Limited (SHCIL). The parent company does not maintain a dedicated corporate awards page.

● 2018: SHCIL received the Best Custodian 2018 award from the Association of International Wealth Management of India.

● 2018: SHCIL received accreditation from Global Custodian (UK). It was recognised as a Category Outperformer and Market Outperformer in the India Domestic Survey.

● FY 2019–20: SHCIL received the NSDL Depository Participant with Highest Assets Under Custody Award.

● FY 2022–23: SHCIL received three awards during NPS Diwas from the Pension Fund Regulatory and Development Authority (PFRDA).

● FY 2024–25: SHCIL received the Excellence in Governance Award at The Economic Times Rajasthan Business Awards.

IFCI – Important Facts

● IFCI is registered with the Reserve Bank of India as a systemically important non-deposit-taking non-banking finance company.

● The company is also a notified Public Financial Institution under Section 2(72) of the Companies Act, 2013.

● According to IFCI's Citizen's Charter, the Government of India held a 61.02% stake in the paid-up capital.

● IFCI provides an online grievance registration facility through its official website. Anonymous complaints are not entertained.

● Its principal officers include Chief General Managers, the Chief Vigilance Officer, and department heads.

● These officers oversee human resources, finance, technology, and other key functions.

● Investors also monitor the IFCI share price history alongside the company's business developments.

Business Verticals

IFCI Limited operates across multiple business verticals that support industrial development and infrastructure financing.

● Project, Corporate & Structured Finance: IFCI provides customised financial solutions for greenfield and expansion projects across multiple industries.

● Corporate Finance: The company offers balance sheet funding, loan against shares, lease rental discounting, promoter funding, and capital expenditure financing.

● Short-Term Loan Products: IFCI provides loans with tenures of up to one year. These loans support bridge financing and short-term working capital requirements.

● Structured/Mezzanine Finance: The company offers sponsor financing, acquisition financing, pre-IPO financing, and structured funding solutions.

● Government Advisory: IFCI acts as the Project Management Agency for Production Linked Incentive schemes. It also serves as the Verifying and Monitoring Agency for capital subsidy schemes.

● Corporate Advisory: The company provides financial advisory, ESG advisory, and project advisory services to corporate and government organisations.

Key Personnel

IFCI Limited is led by an experienced management team responsible for strategic planning and business operations.