New Delhi, March 5 -- With a revenue of over Rs 26,600 crore and a profit after tax exceeding Rs 6,400 crore as of March 31, 2024, Indian Railway Finance Corporation (IRFC), a key financial institution under the Ministry of Railways, becomes India's third-largest government NBFC.

Earlier this week IRFC has been awarded the prestigious Navratna status by the Government of India.

IRFC has played a key role in funding nearly 80 per cent of Indian Railways' rolling stock and was the first CPSE to issue a 30-year tenor bond in overseas markets.

As of December 31, 2024, IRFC has a market capitalization of over Rs 2,00,000 crore, an asset under management (AUM) of Rs 4.61 lakh crore, a net worth of around Rs 52,000 crore, and a balance sheet ...