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Last update: 2016-08-23 10:15:27
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Infrastructure Development Finance Company Limited (IDFC) is an Indian financial services company specialising in infrastructure finance, but also involved asset management, investment banking and brokerage. IDFC was formed in 1997 in Chennai, and went public by listing its shares on the Bombay Stock Exchange (BSE) in the year 2005. It is regulated by the Reserve Bank of India (RBI) as an Infrastructure Finance Company - Non Banking Finance Company. In April 2014, the RBI granted an in-principle approval to IDFC Limited to set up a new bank in the private sector: IDFC Bank. All the lending business of IDFC Limited has been demerged and transferred to IDFC Bank.
IDFC is acting as a Financial Intermediary for IFC, managing the IFC-supported India Infrastructure Fund (IIF). The IIF is based in Mumbai and makes equity investments in energy and utilities, transport infrastructure, telecommunications, and other infrastructure solely in India. The target size of the Fund is USD 927 million (2015).
The consolidated assets of IDFC amounted on March 31 2016 to INR 77,623 crores.
Naman Chambers, C-32
400 051 Mumbai
Vikram Limaye |
Managing Director & CEO
Annual Report 2015-2016|
Annual Report 2014-2015
listed on Bombay Stock Exchange & National Stock Exchange of India
IDFC is traded on the Bombay Stock Exchange under the code 532659 and National Stock Exchange under the symbol IDFC. See here for the corporate structure of IDFC Limited as of October 2015.
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Voluntary initiativesIDFC has committed itself to the following voluntary standards:
IDFC and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. IDFC adopted the Equator Principles in 2013.
Reporting on the Equator Principles
IDFC reports annually on their implementation of the Equator Principles. The report can be found here.
IDFC further reports on its portfolio of projects financed under the Equator Principles on the Equator Principles website, here.
Implementation and reporting
IDFC is reporting on the implementation here.