IRFC Granted Navratna Status by Government of India, Revenue Over Rs 26,600 Crore as of March 31, 2024

Indian Railway Finance Corporation (IRFC) has been awarded the prestigious Navratna status by the Government of India, marking a significant milestone in its journey as a Central Public Sector Enterprise (CPSE) supporting India’s railway infrastructure. IRFC has registered a revenue of over Rs 26,600 crore and a profit after tax exceeding Rs 6,400 crore as of March 31, 2024, making it the third-largest government NBFC in India. The company has played a key role in funding nearly 80% of Indian Railways' rolling stock and 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 size of more than Rs 4.81 lakh crore as of December 31, 2024.