Cabinet approves IIFCL’s IPO plans; modalities are being finalized, probably next financial year: MD Rohit Rishi

State-owned India Infrastructure Finance Company has received necessary approvals to go ahead with its proposed initial public offering, with the Cabinet Committee on Economic Affairs approving the listing on the stock exchanges, the company’s top official said.The approval has already been handed over to the company by the Department of Investment and Public Asset Management (DIPAM), IIFCL’s newly appointed MD Rohit Rishi told PTI.

“IIFCL (India Infrastructure Finance Company Ltd) is in the process of submitting required details to the government to facilitate finalization of modalities, which is expected to be accomplished in the next financial year,” he said.The 2026-2027 budget emphasizes disinvestment and asset monetization. The proposed initial public offering (IPO) is part of the government’s broader disinvestment and capital market listing strategy for public sector entities.

Currently, IIFCL is 100 percent owned by the central government. It was founded in 2006 and provides long-term financial support to viable infrastructure projects.

The registered and paid-up capital of the company stood at Rs 10,000 crore and Rs 9,999.92 crore respectively as on March 31, 2025.

IIFCL has been registered as NBFC-ND-IFC with the Reserve Bank of India (RBI) since September 2013 and follows the applicable prudential norms of the Reserve Bank of India. Sharing his vision for the organization, Rishi says infrastructure development will play a crucial role in the journey to Viksit Bharat by 2047, and IIFCL has a pivotal role to play as a provider and catalyst of long-term infrastructure financing.

“My vision for the institute can be summed up in three words: Improve. Develop. Transform,” said Rishi, who took charge of the organization last month.

“We will improve the quality and scale of infrastructure financing through disciplined assessment standards and technology-enabled monitoring. As we grow, asset quality and prudent risk management will remain non-negotiable,” he stressed.

He further said that another goal is to develop a stronger and more diversified long-term financing base.

“Infrastructure requires patient capital. We will deepen our engagement with multilaterals, global investors and bond markets and continue to innovate in resource mobilization to provide stable, competitive, long-term financing,” he said.

IIFCL will transform its operations by leveraging technology, AI and data analytics to modernize project monitoring, strengthen transparency and enable early risk identification.

At the same time, he said, “We will focus on portfolio diversification into emerging sectors such as renewable energy, digital infrastructure, EV ecosystems and green hydrogen.”

Above all, Rishi said, “every decision we make will be anchored in nation-building, ensuring IIFCL will meaningfully contribute to India’s infrastructure-led growth for decades to come.”

IIFCL reported a 39 per cent rise in net profit to Rs 2,165 crore for the fiscal year ended March 2025, against Rs 1,552 crore in the previous financial year.

The company posted an all-time record performance for the fifth year in a row, with a record profit before tax (PBT) of Rs 2,776 crore, a growth of 37 percent over the previous year’s Rs 2,029 crore.

In the previous financial year, the company recorded the highest ever annual sanctions and disbursements of Rs 51,124 crore and Rs 28,501 crore respectively.

Building on this strong performance, IIFCL continues to maintain its growth momentum and is on track to surpass last year’s results. As of January 31, 2026, annual sanctions were already Rs 53,217 crore, with disbursements of Rs 25,470 crore.