Industrial Finance Corporation of

India (IFCI)
Anusha Magavi
08D1227
 Functions
• Granting of loans both in rupees and foreign
currencies.
• Guaranteeing loans raised by industrial
concerns in the capital market.
• Underwriting of shares, debentures and
bonds.
• Direct subscription to the shares and
debentures of public limited companies.
 Objectives
• To provide financial assistance in the form of
short, medium or long-term loans or working
capital facilities or equity participation.
• To subscribe, underwrite and sell shares,
debentures and bonds.
• To carry on business of leasing and hire
purchase.
• To provide consultancy and merchant banking
service in or outside India.
 Objectives (Contd.)
• To undertake activities pertaining to
warehousing, bill marketing, factoring,
custodial service, etc.
• To set up trust under the Indian Trust Act for
the establishment of mutual fund, venture
capital funds and so on.
• To set up investment company.
• To deal, transact, buy and sell foreign
currencies as an authorized dealer.
 Objectives (Contd.)
• To receive / invest money on deposit.
• To act as trustees of any deeds and undertake
the office of executors, administrators,
treasurer, and trust.
• To draw, accept, discount and execute bill of
exchange, promissory notes and other
negotiable instruments.
 Financial Resources
• Share capital
• Reserves and Surplus
• Borrowings
 Subsidiaries
• Risk Capital and Technology Corporation Ltd. –
provides risk capital on soft terms to
entrepreneurs.
• IFCI Financial Services Ltd. – undertakes
merchant banking and allied activities.
• IFCI Custodial Services Ltd. – acts as the
custodian of securities.