IRFC

Indian Railway Finance Corporation, incorporated in 1986 to raise funds for leasing assets to Indian Railways, operates as a Schedule 'A' Public Sector Enterprise under the Ministry of Railways. The company borrows financial resources from domestic and international capital markets to finance the acquisition and creation of railway assets such as rolling stock, including locomotives, coaches, and wagons, and leases these to Indian Railways using a finance lease model. It also supports the funding of railway infrastructure development in India. The corporation functions within the railway financing and financial services industries and follows a low-risk, cost-plus leasing approach that ensures consistent profitability and stable margins over its borrowing costs.