Group Companies

Group Companies

IFCI Limited - Parent Company (IFCI)

The government of India established “The Industrial Finance Corporation of India (IFCI) on July 1, 1948, as the first Development Financial Institution in the country to cater to the long-term finance needs of the industrial sector. The newly-established DFI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at confessional rates.

With the need for greater flexibility to respond to the changing financial system, it was felt that IFCI should directly access the capital markets for its funds needs. It is with this objective that the constitution of IFCI was changed in 1993 from a statutory corporation to a company under the Indian Companies Act, 1956. Subsequently, the name of the company was also changed to "IFCI Limited" with effect from October 1999.

IFCI Financial Services Ltd (I-FIN)

I-FIN was promoted in 1995 by IFCI Ltd. to provide a wide range of financial products and services to investors, institutional and retail. I-FIN is a member of NSE, BSE and MCX-SX and involved in Stock Broking, Investment Banking, Mutual Fund Distribution & Advisory Services, Depository Participant Services, Insurance Products Distribution and the like. IFIN operates through a network of branches spread across 25 cities including Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad, Lucknow and Pune.

IFCI Venture Capital Funds Ltd. (IFCI Venture)

IFCI Venture was originally set up as a Society by the name of Risk Capital Foundation (RCF) in 1975. The society provided institutional support to first generation professionals and technocrats setting up their own ventures in the medium scale sector. In 1988, RCF was converted into a company, Risk Capital and Technology Finance Corporation Ltd. (RCTC). To reflect the shift in the company’s activities, the name of RCTC was changed to IFCI Venture Capital Funds Ltd. (IFCI Venture) in February 2000. Over the years, IFCI Venture acquired expertise and experience of investing in technology-oriented and innovative projects. Since its inception, it has provided finance to over 350 ventures and supported commercialization of over 50 new technologies. It has pioneered effort for widening entrepreneurial base in the country and catalysed the introduction of Venture Capital activity in India.

Tourism Finance Corporation of India Ltd (TFCI)

IFCI along with other All-India Financial/Investment Institutions and Nationalised Banks promoted a Public Limited Company under the name of "Tourism Finance Corporation of India Ltd. (TFCI)" to cater to the financial needs of the burgeoning tourism industry. The range of TFCI's activities encompasses a wide spectrum of tourism-related services: from financial assistance for setting up and/or development of tourism-related activities, tourist-flow surveys, facilities and services for tourists, preparation of tourism master plans, to individual tourism products; from project evaluation exercises to support services for privatization; from planning for amusement/nature parks, etc. to undertaking of environmental/ carrying-capacity studies.

Assets Care Enterprise Ltd (ACE)

An Asset Reconstruction Company, promoted by IFCI along with other banks and financial institutions, ACE is licensed by RBI under the SARFAESI Act to acquire non-performing loans (NPLs) from Financial Institutions and banks in India. ACE started operations in July 2007. The key objectives of ACE are to unlock the value entrapped in the impaired and non-performing assets and to provide proactive management of the assets through financial restructuring, strategic partnerships, board oversight and provision of growth capital. It aims to incorporate international best practices for resolution of assets and set benchmarks in the Indian Financial Sector and to play a pioneering role in the Securitisation of distressed debt in India.

IFCI Factors Limited

Incorporated in 1996 as Foremost Factors Ltd. the company was promoted by Mohan Group and Nations Bank Overseas Corporation of U.S.A, along with 20th Century Finance Corporation Limited (TCFC Limited) and ICDS Group as institutional investors. The Company started its operations with domestic factoring activities and export factoring operations were initiated in 1997. In April, 1999, IFCI subscribed to the share capital of the Company besides acquiring the shareholding of 20th Century Group, thus becoming the largest shareholder. Subsequently, IFCI also acquired the shareholding of Mohan Group and in 2009 Foremost Factors was renamed as IFCI Factors Limited. It is now a subsidiary of IFCI.

Institute of Leadership Development (ILD)

The institute represents one of the instruments through which IFCI has broadened its original mandate of being a catalyst for industrial growth in India. The institute is a manifestation of IFCI’s desire to build capacities for developing skilled manpower for industry in addition to providing direct long term financial support to various industries. ILD was set up in the year 1992 with a broad objective to develop an enlightened and motivated workforce all over India through education, training, research, consultancy and counseling. Apart from class room training modules, ILD aims to be a centre for out-bound trainings and management workshops. ILD has its own extensive campus, set amidst idyllic surroundings and spread over 33 acres of land in Jaipur.

Rashtriya Gramin Vikas Nidhi (RGVN)

Promoted by IFCI in 1990 as a non-profit institution registered under the Societies Registration Act, 1860, to promote organisations for the social and economic upliftment of underprivileged sections of society, RGVN subsequently received co-sponsorship from IDBI, NABARD and the Tata Social Welfare Trust. RGVN is also registered with the Foreign Contribution Regulation Act and has also obtained tax concessions to donors. Founded in support of social action, RGVN'S main objectives are to:
 

Promote, support and develop voluntary organizations engaged in the social and economic uplift of rural and urban poor, physically and socio-economically handicapped people

Improve the pace and quality of economic development, especially relating to the village and decentralized sector

Focus attention on groups which are disadvantageously placed in society, but have the potential for pursuing socially and economically productive activities

Assist the urban and rural poor especially tribals, scheduled caste, women and children for their economic self sustenance

Technical Consultancy Organisations (TCOs)

These organisations provide a complete set of consultancy services to small and medium enterprises, individual entrepreneurs, Government Departments and agencies, various state level institutions, commercial banks and other various institutions. Over the years they have diversified their services to include:

Project Conceptualization and other related services.

Assesment of Working Capital

Credit Syndication

Project Monitoring Consultancy

Documentation of project reports

Securtisation Services

Restructuring of Projects

Secretarial Assistance

Management Consultancy and Corporate Planning

Training

Valuation of Assets

Entrepreneurship Development Programmes

Stock Audits

 

 

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