IIFCL

Name

IIFCL

Legal name

India Infrastructure Finance Company Limited

Website

https://iifcl.org

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Infrastructure Finance

NAICS

Nondepository Credit Intermediation (5222)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Asset-Backed Securities (6189)

akta.pro primary industry

Infrastructure & Project Finance Private Debt (FSANADAH)

Keywords

• Infrastructure finance
• Long-term lending
• Project bonds
• Infrastructure investment trusts
• Government financing

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Revenue model

1. Interest Income on Loan Portfolio: IIFCL earns interest income from its long-term infrastructure loan portfolio. The standalone loan book stood at Rs 81,715 crore as of March 2026, reflecting nearly 17% year-on-year growth.
2. Bond Issuance and Fundraising: IIFCL raises funds through bond issuances in domestic markets. Successfully raised Rs 500 crore through 10-year bonds at 7.46% coupon in May 2023, with plans for additional fundraising.
3. MIGA Guarantee Fund: IIFCL plans to raise up to USD 1 billion through MIGA (Multilateral Investment Guarantee Agency) guarantee fund to support infrastructure development.
4. International Fundraising and Green Bonds: IIFCL plans to raise $1.6 billion from multilateral agencies and overseas investors, including through green bonds, to support infrastructure projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

IIFCL is a state-owned infrastructure finance company that provides long-term financing to viable infrastructure projects across India. Its core offerings include direct credit products for project financing, a dedicated scheme for on-lending through RBI-registered financial institutions, infrastructure project bonds for capital raising, and Infrastructure Investment Trust (InvIT) financing to support asset monetization across sectors such as energy, transport, water, and digital infrastructure.

Product overview

IIFCL operates as a state-owned infrastructure financing institution offering a unified suite of lending and capital market products. The core offerings include direct credit products for infrastructure project financing, a dedicated scheme for lending to financial institutions (FIs) for on-lending, infrastructure project bonds for capital raising, and InvIT support services for asset monetization. Interest rate products are offered through a Base Rate mechanism. All products are accessible through the official website with product PDFs and dedicated pages, providing long-term financing across energy, transport, water, and digital infrastructure sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• IIFCL Credit Products Core lending products offering long-term infrastructure financing to projects across sectors including energy, transport, water, and digital infrastructure for enterprise project developers.
• Loan to Financial Institutions
• Base Rate Transparent base interest rate (7.85% effective June 2026) at which IIFCL lends to infrastructure borrowers, providing standardized pricing benchmark for infrastructure loans.
• Infrastructure Project Bond

Quantifiable outcome

• Loan book growth of 17% YoY to Rs 81,715 crore
• +2 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Climate Policy Initiative India (CPI)minorStrategic or Co-development Partner · 1 April 2026IIFCL signed an Expression of Interest with Climate Policy Initiative India to advance sustainable infrastructure development in India.
• ADB (Asian Development Bank) and CRISILminorStrategic or Co-development Partner · 1 April 2026IIFCL conducted climate and ESG risk assessment capacity building session in collaboration with ADB and CRISIL.
• Bank of BarodacoreChannel Partner/ Reseller/ Distributor · 22 January 2026Bank of Baroda and IIFCL signed a partnership agreement to collaborate on joint lending and loan syndication for infrastructure projects across India. The partnership targets key infrastructure segments including transportation, energy, urban development, green infrastructure, MSMEs, and rural assets. By combining Bank of Baroda's nationwide banking network with IIFCL's infrastructure financing expertise, the collaboration aims to improve access to long-term capital for projects vital to India's economic growth.
• Coalition for Disaster Resilient Infrastructure (CDRI)minorStrategic or Co-development Partner · 13 January 2026IIFCL is collaborating with CDRI to create innovative structures for augmenting infrastructure financing to emerging sectors including climate-resilient infrastructure.
• International Solar AllianceminorStrategic or Co-development Partner · 7 January 2026IIFCL is collaborating with International Solar Alliance to create innovative structures for augmenting infrastructure financing to sustainable energy sectors.
• Global Biofuels AllianceminorStrategic or Co-development Partner · 7 January 2026IIFCL is collaborating with Global Biofuels Alliance to create innovative structures for augmenting infrastructure financing to emerging sustainable sectors.
• World Economic Forum (WEF)minorStrategic or Co-development Partner · 1 January 2026IIFCL strengthened global partnerships at WEF in Davos to support risk-resilient and sustainable infrastructure finance.
• Climate Bonds Initiative (CBI)minorStrategic or Co-development Partner · 1 January 2025IIFCL and Climate Bonds Initiative signed an Expression of Interest to promote sustainable infrastructure financing in India.
• Global Infrastructure Bank (GIB)minorStrategic or Co-development Partner · 1 January 2025IIFCL and Global Infrastructure Bank signed an Expression of Interest to advance sustainable infrastructure development in India.

Scale indicators16 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• International Finance Corporation (IFC): World Bank Group private-sector investment arm anchoring infrastructure deals in emerging markets. Co-invested with IIFCL in NDR InvIT (Rs 205 crore of Rs 410 crore), making it both a partner and a partial competitor for marquee Indian infrastructure assets.
• Japan Bank for International Cooperation (JBIC): Japanese policy-based financial institution providing infrastructure and cross-border finance. A direct partner of IIFCL (Tokyo meeting 2026) and a comparable state-backed DFI focused on infrastructure lending with multilateral-style long-tenure funding.

Broad incumbents

• SIDBI (Small Industries Development Bank of India): Indian government DFI providing credit to MSMEs including those in infrastructure supply chains. Same state-owned DFI status, similar regulatory treatment, and comparable funding mechanisms (bonds, multilaterals) to IIFCL.
• Asian Development Bank (ADB): Multilateral DFI that provides project finance and policy loans to India and other Asian economies. A partner and partial competitor of IIFCL for large infrastructure projects, and a key funder IIFCL accesses for INR-denominated and USD-denominated long-term capital.
• National Housing Bank (NHB): Government of India DFI and regulator for housing finance. Comparable to IIFCL as a wholly-owned federal financial institution focused on a specific infrastructure segment, with similar funding profile and policy mandate.
• NABARD (National Bank for Agriculture and Rural Development): Indian government DFI providing long-term credit for agriculture and rural infrastructure. Structurally analogous to IIFCL as a wholly state-owned development finance institution, though focused on rural infrastructure rather than urban/industrial projects.

Direct peers

• Power Finance Corporation (PFC): Indian government-owned NBFC providing long-term finance to power and infrastructure projects. Closest direct peer to IIFCL in mandate, structure (state-owned DFI), and product mix, and a natural comp for IPO valuation given its listed status.
• REC Limited (Rural Electrification Corporation): Government of India NBFC financing power and infrastructure projects. Directly comparable to IIFCL on business model (long-tenure project lending), funding (bond issuance), and target borrowers, and currently a listed entity under Power Ministry.
• IFCI Limited: India's oldest government-owned industrial term-lending institution, historically the closest peer to IIFCL in long-term project finance. Both share the NBFC-IFC category and government ownership, providing direct comparability despite IFCI's current distressed status.
• Indian Railway Finance Corporation (IRFC): State-owned NBFC exclusively financing Indian Railways and railway infrastructure. Same structure, regulatory status, and bond-driven funding model as IIFCL, providing a useful comparison for IPO pricing and book value multiples.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/iifcl
• YouTubeyoutube.com/channel/UCjphWBxJ9sft_afeRTVJ9Ew
• LinkedInlinkedin.com/company/india-infrastructure-finance-company-ltd.

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IIFCL