IFCI Limited

IFCI Limited provides non-banking financial services to the public sector in India. The company offers project finance for the power sector including renewable energy telecommunications roads oil and gas ports airports basic metals chemicals pharmaceuticals electronics textiles real estate smart cities urban infrastructure etc. It also provides corporate finance such as balance sheet funding loan against shares lease rental discounting promoter funding long-term working capital requirement capital expenditure and regular maintenance capex services as well as short term loans for various businesses that include bridge financing and short-term working capital to small mid and large corporates. In addition the company offers financial/investment appraisal business reengineering and advisory services for various corporate houses and companies; and structured debt/mezzanine products as well as assistance in sponsor financing acquisition financing pre-IPO financing off-balance sheet structured solutions and others. Further it provides sales and resolution services for non-performing assets; nodal agency services; and credit enhancement guarantee scheme for scheduled castes as well as acts as debenture trustee for debenture issues. Additionally the company offers stock broking commodities broking currency trading portfolio management and depository participant services merchant banking insurance corporate agency mutual fund products distribution IPO distribution and corporate advisory services. It provides financial support services for airports roads telecom power real estate manufacturing and services sectors; and other allied industries. The company was formerly known as Industrial Finance Corporation of India and changed its name to IFCI Limited in October 1999. The company was founded in 1948 and is headquartered in New Delhi India.