IFCI Ltd. Company Profile : Products,Promoters and Clients

IFCI Limited

IFCI, established in 1948 and listed on BSE and NSE, is a key public sector NBFC providing financial support across diverse industries, including airports, roads, telecom, and power. Notable projects include Adani Mundra Ports and GMR Goa International Airport. IFCI offers Government and Corporate Advisory services, acting as a Project Management Agency for Production Linked Incentive schemes under "Atmanirbhar Bharat" and monitoring Sugar Development Fund loans.

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It has also set up significant market intermediaries and educational institutes. With a Rs. 200 crore Venture Capital Fund for Scheduled Castes and a Rs. 50 crore contribution, IFCI promotes SC entrepreneurship and implements the "Credit Enhancement Guarantee Scheme for Scheduled Castes."

Q1. What are the Product and service offerings of the IFCI ?

Project Finance: Custom solutions for infrastructure and manufacturing projects in sectors like power, telecom, ports, and real estate.

Corporate Finance: Services for corporates including Balance Sheet Funding, Loan Against Shares, Lease Rental Discounting, Promoter Funding, Long Term Working Capital, Capex, and Short Term Loans.

Structured Finance: Structured Debt/Mezzanine products for acquisition financing, pre-IPO financing, and Off-Balance Sheet solutions.

Syndication & Advisory: Government and Corporate Advisory services, including PLI schemes and ESG advisory.

NPA Resolution: Strategies for recovering Non-Performing Assets through legal actions, settlements, and NPA sales.

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Q2. Who are the Promoters/Management of the IFCI ?

The President of India is the Major Share Holder of the company.

Shri Manoj Mittal, the Managing Director & CEO, is 55 years old with over 30 years of experience driving organizational growth and profitability through strategic leadership and process optimization. Formerly Deputy Managing Director at SIDBI (2016-2021), he contributed to SIDBI Vision 2.0, making it a stronger impact institution. 

He played a key role in restructuring bank dues to MFIs during the 2010 AP MFI crisis and implementing responsible lending. Mittal has extensive experience in sustainability and development programs funded by multilateral agencies and the Government of India, and he advocates for a Credit Plus approach to support MSMEs, startups, financial intermediaries, and AIFs.

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Shri Rahul Bhave, Deputy Managing Director, is a senior banker with over 24 years of commercial banking experience. He has served as Executive Director at the National Housing Bank since 2020, focusing on housing finance system improvement and HFC supervision. Bhave has headed zones in commercial banks and has expertise in retail operations, refinance, supervision, recovery, risk management, and IT. 

He has participated in RBI and IBA committees on banking technologies and risk management. Bhave holds an MBA in Public Management & Policy from IIM Ahmedabad, a postgraduate degree in Statistics, and is a qualified CAIIB professional.

Q3. Who are the Clients of the IFCI ?

Interest income constituted 51.15% of the company's revenue, while 13.46% came from dividend income, 5% from rental income, 8.14% from fees and commission activities, and the remaining portion from net changes in fair value gains.

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