|₹18.85 / ₹8.25|
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IFCI Ltd is engaged in project financing, infrastructure development, debt and equity underwriting and syndication, venture capital, stock broking and merchant banking, factoring, asset reconstruction, tourism finance, micro finance, corporate and infrastructure advisory, technical consultancy and management education. Financial products include Short-term Loans, Long-term Loans, Lease Financing and structured products: acquisition finance, pre-initial public offering (IPO) investment, IPO finance and promoter funding. The company is a Nodal Agency for monitoring of Sugar Development Fund (SDF) loans for projects related to modernization and expansion, co-generation of power and production of alcohol/ethanol in the private sector. Their corporate advisory services include corporate advisory and infrastructure services, infrastructure advisory, monitoring agency for public issues, restructuring advisory services and bid process management. The Company has also been designated by Government of India, as the Nodal Agency under the Scheme of Credit Enhancement Guarantee for Scheduled Castes Entrepreneurs to provide guarantee to banks against loans to young and start-up entrepreneurs belonging to scheduled caste with an objective to encourage entrepreneurship in marginal strata of the society. IFCI was established in the year 1948 by an Act of Parliament to provide institutional finance for industrial development in the country. It was subsequently corporative in July 1993 after passing of the Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 by the Parliament of India. The company was registered as a non-banking financial company with RBI during the year 1998, but was exempted from most of the regulatory guidelines for non-banking financial companies, being regulated as a financial institution.