Calculate your SIP ReturnsExplore

O H L VOL


Days Range

Data is not available currently. Please check back later.

Data is not available currently. Please check back later.

About IDFC

History

IDFC Limited, previously known as Infrastructure Development Finance Company Limited, operates as a financial conglomerate and is registered with the Reserve Bank of India as a Non-Banking Financial Company (NBFC). Its inception dates back to January 30, 1997, when it was established as a public limited company with its headquarters situated in Chennai. Notably, in 2001, the company played a pivotal role in the establishment of Infrastructure Development Corporation (Karnataka) Ltd. This initiative through a shareholder agreement involving IDECK, the Governor of the State of Karnataka, HDFC, and IDFC. Additionally, in 2002, IDFC expanded its portfolio by incorporating IDFC Asset Management Company Ltd as a subsidiary. In August 2005, the company's shares were listed on the NSE and BSE under an initial public offering. Subsequently, IDFC engaged in significant initiatives, including raising funds for infrastructure-focused private equity funds, forming joint ventures, and entering the asset management business by acquiring Standard Chartered Bank's AMC business in 2008. In 2015, IDFC underwent a significant transformation with the approval to set up IDFC Bank, leading to the demerger of its financing undertaking into IDFC Bank. The bank became a wholly-owned subsidiary of IDFC Financial Holding Company Limited. In subsequent years, IDFC Bank went through additional developments, including plans to take provisions against stressed loan assets and entering into a non-binding letter of intent for a payment bank in 2015. In 2018, IDFC Bank announced a composite scheme of amalgamation with Capital First Limited, Capital First Home Finance Limited, and Capital First Securities Limited. The scheme received various approvals, and IDFC Bank continued to strengthen its offerings in wealth management and NRI banking services. In 2023, IDFC Asset Management Company Limited and IDFC AMC Trustee Company Limited became a part of the Bandhan consortium, resulting in their exit from the IDFC Group. As of March 31, 2023, IDFC Limited underwent further corporate restructuring with the merger of IDFC Financial Holding Company Limited into IDFC and, subsequently, the merger of IDFC into IDFC FIRST Bank through a composite scheme of amalgamation. Shareholders exchanged their IDFC shares for IDFC FIRST Bank shares at a specified ratio, marking another significant milestone in the company's corporate history.

Business Segment

Banking Services: IDFC Bank is a private sector bank offering individuals and corporations a wide range of banking products and services. The bank strongly focuses on retail banking and has a growing network of branches and ATMs across India. In the past 4 years, the bank significantly enhanced its Current Account Savings Account (CASA) ratio, witnessing a remarkable increase from 8.6% to 49.77% as of March 31, 2023. Additionally, the proportion of retail deposits within the total deposits surged from 27% to an impressive 76%. The bank expanded its physical presence by establishing 809 branches and installing 925 ATMs.

Key Personnel

Mr. V. Vaidyanathan, Managing Director and CEO Mr. V. Vaidyanathan serves as the first Managing Director and CEO of IDFC FIRST Bank, a financial institution resulting from the merger of Capital First and IDFC Bank in December 2018. With a career spanning over two decades in the Indian financial services sector, V. Vaidyanathan has held diverse roles, beginning as a banker at Citibank from 1990 to 2000 and later at ICICI Bank from 2000 to 2009. During his tenure at ICICI Bank, he played a pivotal role in establishing and growing the retail banking division, overseeing the expansion of the branch network to 1411 branches and serving 28 million customers. Transitioning to entrepreneurship, V. Vaidyanathan founded Capital First in 2010, leading the company until its merger with IDFC Bank in 2018. After the merger, he resumed his role as a professional banker, steering the combined entity, IDFC FIRST Bank, with extensive experience and insights into the Indian financial landscape.

Corporate Actions

Merger On July 3, 2023, IDFC FIRST Bank and IDFC Limited boards approved a merger with a Share Exchange Ratio of 155:100 (IDFC FIRST Bank:IDFC Limited). This involves issuing 248 crore new shares to IDFC Limited shareholders and canceling 264.64 crore IDFC FIRST Bank shares held by IDFC Ltd.

Parent Organisation
IDFC
Managing Director
Anil Singhvi
Founded
1997
NSE Symbol
IDFC

Peer Comparision

StocksMarket Cap (cr)Market Price (₹)52 Week Low-High (₹)

Community Discussion

No comments found

Be the first one to start a discussion

Idfc Limited FAQs

Idfc Limited (IDFC) share price as of July 15, 2024, on NSE is Rs 117.83 (NSE) and Rs 117.83 (BSE) on BSE.
Yes, You can buy Idfc Limited (IDFC) shares by opening a Demat account with Angel One.
Idfc Limited (IDFC) share can be bought through the following modes:
1. Direct investment: You can buy Idfc Limited (IDFC) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Idfc Limited (IDFC) shares.
The main business of IDFC Ltd is to hold the investment in IDFC Financial Holding Company Limited (IDFC FHCL), the non-operative financial holding branch of the company, which further holds a stake in IDFC Bank and IDFC AMC. IDFC Limited operates as an NBFC – Investment Company.
None. There is 0% promoter holding of IDFC Ltd.
Some of the subsidiaries that come under IDFC Ltd are IDFC Financial Holding Company Limited (IDFC FHCL), IDFC Foundation, IDFC Projects Limited, IDFC Trustee Company Limited, IDFC Alternatives Limited, IDFC AMC Trustee Company Limited, IDFC Asset Management Company Limited (IDFC AMC), and IDFC Investment Managers (Mauritius) Ltd.
Open Free Demat Account!

Enjoy Zero Brokerage on Equity Delivery

Join our 2 Cr+ happy customers

+91
Top Stocks

VIEW ALLView All Stocks

Top Gainers





VIEW ALLView All Stocks

Top Losers





VIEW ALLView All Stocks

Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link
Open Free Demat Account!
Enjoy Zero Brokerage on Stock Investments.