Year Financial Performance
  • Designated by Govt. of India as an authorized agency under the Scheme of Credit Enhancement Guarantee for Schedule Caste (SC) Entrepreneurs.
  • Government of India acquired preference shares of 60 crores from PSU Banks and IFCI became a Government of India Undertaking.
  • Opened new offices at Vijayawada and Raipur.
  • Designated by Govt. of India for its Venture Capital Fund under Social Sector with an aim to promote entrepreneurship among the Scheduled Castes (SC).
  • Set up another branch of MDI at Murshidabad to cater to the far-flanged areas of North Eastern States.
  • IFCI came up with Public Issue of NCDs after a gap of nearly 20 years which was subscribed for 1972 crore.
  • Reoperationalized offices at Bhopal, Bhubaneswar, Lucknow, Kochi, Patna and Pune.
  • Raised Rs. 310 crore through Tax Free Bond in one single day in March 2014.
  • The Government of India converted its OCDs worth 923 crores into equity and raised its shareholding to 55.53%.
  • IFCI survived the global financial turmoil and registered the highest profit.
  • Since 2005, improved profitability & assets quality
  • 2007 : provided for all NPAs, returned to profitability and improved capital adequacy ratios
  • Converted to Joint-Stock Company
  • 1993 : Public issue
  • Started project financing in non-manufacturing sector
  • Set up Merchant Banking Division
  • Disbursements: 29,367 Mn
  • Establishment of Pan India presence
  • Total disbursements: 3,776 Mn
  • Total Disbursements went upto 2,629 Mn
  • Portfolio dominated by sugar & textiles
  • Development of Organizational Procedures and structures
  • Agreement with World Bank to extend line of Credit in Foreign currency
  • Statutory Corporation established in 1948 under an Act of Parliament