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IDFCIndia

Active

This profile is actively maintained
Last update: Apr 26 2024
IDFC head offices in Mumbai, India. Photo: Sumedh Kadoo via Wikimedia Commons (CC BY-SA 3.0)

Active

This profile is actively maintained
Last update: Apr 26 2024
About
Website http://www.idfc.com
Headquarters
Naman Chambers, C-32
400 051 Mumbai
India
CEO/chair Mahendra Shah
Managing Director
Supervisor
Reserve Bank of India
Ownership
listed on Bombay Stock Exchange & National Stock Exchange of India

IDFC's largest shareholder is the state of India (16.36%). IDFC's complete shareholder structure can be accessed here.

The Infrastructure Development Finance Company (IDFC) is an Indian financial services organisation, mainly providing infrastructure finance, but also asset management, investment banking and brokerage. IDFC was formed in 1997 in Chennai and went public in 2005. In 2014, the Reserve Bank of India granted an in-principle approval to IDFC Limited to set up a new bank in the private sector, IDFC Bank. All the lending business of IDFC Limited has been demerged and transferred to IDFC Bank.

IDFC acts as a Financial Intermediary for IFC, managing the IFC-supported India Infrastructure Fund (IIF). The IIF is based in Mumbai and makes equity investments in energy and utilities, transport infrastructure, telecommunications, and other infrastructure solely in India.

Sustainability
Commitments
Policies
Voluntary standards

IDFC's (and its subsidiary IDFC First Bank's) most important sustainability commitments can be found at the website sections listed below.

Links

Environment management

CSR activities

IDFC First Bank

Corporate governance policies
Dodgy Deals

IDFC is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of IDFC's link to these deals.

Projects / Companies
Finance type
Year
News
Resources
Documents
Links

Annual report 2023

Annual report
Apr 26 2024 | IDFC

Corporate Social Responsibility Policy

Bank policy
Jan 31 2024 | IDFC

Environmental and social policy

Date listed represents date as accessed on website
Bank policy
Jun 15 2023 | IDFC

Annual report 2022

Annual report
Jun 15 2023 | IDFC

Annual report 2021

Annual report
Jul 14 2022 | IDFC

Annual report 2019-2020

Annual report
Jul 26 2021 | IDFC
Accountability
Grievances

IDFC does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.

IDFC is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

Good Moves

Good moves

Year: