Indian Railway Finance Corporation (IRFC) is an Indian public sector undertaking[3] engaged in raising financial resources for expansion and running through capital markets and other borrowings.

[4][5] The Government of India owns a majority stake in the company, while the Ministry of Railways has administrative control.

The company launched its initial public offering on 18 January 2021[7] and got listed on the National Stock Exchange of India and Bombay Stock Exchange on 29 January 2021.

IRFC raises money through financial bonds and from banks and financial institutions.

[8][9] IRFC's Board of Directors includes Uma Ranade as Chairman and Managing Director, Shelly Verma as Director (Finance), Baldeo Purushartha as Nominee Director, Vallabhbhai Maneklal Patel as Non-Official Independent Director, and Sheela Pandit as Non-Official Independent Director.