Indian Railway Finance Corporation

Indian Railway Finance Corporation (IRFC) is a Schedule 'A' Miniratna public sector enterprise operating under the administrative control of the Ministry of Railways. The company's vision is to serve as the pivotal financial services provider for the rail transport sector, while maintaining its strong relationship with the Ministry of Railways. Its core mission is to raise funds from capital markets at competitive costs to augment railway plan finances and ensure the corporation earns optimum operational profits. IRFC's main business involves the leasing of rolling stock, financing railway infrastructure assets, and providing loans to other entities as per its official mandate. It employs a cost-plus leasing model in its agreement with the Ministry of Railways, which guarantees consistent earnings and overall profitability for the company. For the year ending March 2024, the company’s profit before tax stood at ₹6,412.10 crores, registering a growth of 3.97% over the previous year.;