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Our History
IFCI Financial Services Ltd (IFIN) was promoted in 1995, by IFCI Ltd., to provide a wide range of financial products and services to investors, institutional and retail. IFIN is primarily involved in Stock Broking, Investment Banking, Mutual Fund Distribution & Advisory Services, Depository Participant Services, Insurance Products Distribution and the like.
IFIN is positioned as a global financial supermarket, built on the foundations of incisive research and trust. Intense interaction with investors helps us understand their specific needs and suggest holistic and appropriate financial solutions. Our team of professionals continuously scan the financial arena and stay ever prepared to educate investors and partner them in creating enduring wealth.
IFCI Limited, Our legendary parent Institution
The Government of India established The Industrial Finance Corporation of India (IFCI) on July 1, 1948, as India’s first and premier Development Financial Institution, to cater to the long – term financial needs of the industrial sector.
By the early 1990s, with the need for greater flexibility to respond to the changing financial system, IFCI was mandated to directly access the capital markets for its fund needs. Therefore, the constitution of IFCI was changed in 1993 from a statutory Corporation to a Company under the Indian Companies Act, 1956. The name of the Company itself was changed to “IFCI Limited” with effect from October 1999.
IFCI has achieved a financial turnaround with the consistent support and cooperation of all its stakeholders and is now endeavoring to re-position itself. In addition to its core competence in long-term lending to industrial and infrastructure sectors, IFCI is also enhancing its organizational value through better realization of its Non-performing Assets (NPAs) and unlocking of value of its investment portfolio including unquoted investments as well as real estate assets.
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