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February 06, 2016 7:21 PM ET

Diversified Financial Services

Company Overview of Indian Railway Finance Corporation Limited

Company Overview

Indian Railway Finance Corporation Limited operates as a financing arm of the Ministry of Railways (MOR) in India. The company engages in the leasing of rolling stock assets to MOR. Indian Railway Finance Corporation Limited was founded in 1986 and is based in New Delhi, India.

East Tower

UG - Floor

NBCC Place, Bhisham Pitamah Marg

Pragati Vihar, Lodhi Road

New Delhi,  110003

India

Founded in 1986

19 Employees

Phone:

91 11 2436 9766

Fax:

91 11 2436 9770

Key Executives for Indian Railway Finance Corporation Limited

Managing Director, Whole Time Director, Member of Investment Commmittee, Member of Bond Committee, Member of Audit Committee, Member of CSR Committee, Member of Stakeholders Relationship Committee and Member of Risk Management Committee
Age: 58
Chairman
Age: 59
Director of Finance, Director, Member of Investment Commmittee, Member of Bond Committee, Member of CSR Committee, Member of Stakeholders Relationship Committee and Member of Risk Management Committee
Age: 55
Joint General Manager of Finance & Accounts and Compliance Officer
Chief Vigilence Officer and Executive Director of Finance (C)
Compensation as of Fiscal Year 2015.

Indian Railway Finance Corporation Limited Key Developments

Indian Railway Finance Corporation Limited Announces Unaudited Earnings Results for the First Half Year Ended September 30, 2015

Indian Railway Finance Corporation Limited announced unaudited earnings results for the first half year ended September 30, 2015. For the period, the company reported interest earned of INR 36,758.6 million against INR 34,651.1 million a year ago. Total income was INR 36,765.7 million against INR 34,660.3 million a year ago. Operating profit before provisions and contingencies was INR 9,826.9 million against INR 9,463.0 million a year ago. Profit from ordinary activities before tax was INR 9,826.9 million against INR 9,463.0 million a year ago. Net profit for the period was INR 4,328.2 million or INR 104.89 per basic and diluted share against INR 4,217.3 million or INR 117.67 per basic and diluted share a year ago. Return on assets was 0.46% against 0.48% a year ago.

Indian Railway Finance Corporation Limited Proposes Amendment to its Articles of Association

Indian Railway Finance Corporation Limited announced that at the annual general meeting of the members of the company to be held on September 16, 2015, will propose the amendment to the article 66 and article 5 of the articles of association.

Indian Railway Finance Corporation Limited, Annual General Meeting, Sep 16, 2015

Indian Railway Finance Corporation Limited, Annual General Meeting, Sep 16, 2015., at 16:00 Indian Standard Time. Location: Committee Room, 237. Agenda: To receive, consider and adopt the audited financial statements for the financial year ended March 31, 2015, together with the reports of the auditors thereon; to declare the dividend for the financial year ended 2014-2015; to consider the appointment of Bansal Sinha & Co as statutory auditors for the financial year 2015-2016; to consider the amendment to the article 66 and article 5 of the articles of association; to consider the director appointments; to consider the borrowing powers of the board of directors of the company; to consider creation of charge; to increase in the authorised capital of the company; to consider the issue of the taxable or tax free bonds through private placement; and to consider the infusion of additional equity in the existing share capital of the company.

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