Industrial Finance Corporation of India (IFCI)
At the time of independence in 1947, India's capital market was relatively under-developed. Although there was significant demand for new capital, there was a dearth of providers. Merchant bankers and underwriting firms were almost non-existent and commercial banks were not equipped to provide long-term industrial finance in any significant manner. It is against this backdrop that the government 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 concessional rates.
Contact Details
Corporate office
Industrial Finance Corporation of India (IFCI)
IFCI Tower, 61, Nehru Place
P.B. No. 4499
New Delhi, DH 110019
Phone: +91-11-41792800
Fax: +91-11-26488471
Mumbai Office
Industrial Finance Corporation of India (IFCI)
Earnest House (8-9th floors),Backbay Reclamation,Nariman Point
P.B.No. 9965
Mumbai, MH 400021
Phone: +91-22-22835373/5047/5087
Fax: +91-22-22851016
Kolkata Office
Industrial Finance Corporation of India (IFCI)
Chatterjee International Centre,3rd Floor, 33-A
Jawaharlal Nehru Road
Kolkata, WB 700071
Phone: +91-33-22463344
Fax: +91-33-22261313
Hyderabad Office
Industrial Finance Corporation of India (IFCI)
5-9-13 Taramandal Complex,(8th Floor)Secretariat Road,Saifabad
PB No.57
Hyderabad, AP 500004
Phone: +91-40-66623642/45
Fax: +91-40-23241138
Bangalore Office
Industrial Finance Corporation of India (IFCI)
IFCI Bhawan,3,Cubbonpet Main Road,Narasimharaja Square,Bangalore, Karnataka
P.B.No 6914
Bangalore, KA 560002
Phone: +91-80-22210882/22232349/4986
Fax: +91-80-2271802
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