- Business
- IDFC Limited (IDFC.BO), a holding company of the IDFC Group, focuses on infrastructure finance and investments in financial services, including asset management for public and private markets, institutional broking, and infrastructure debt funding; it previously provided direct financing for energy, telecommunications, transportation, and commercial projects, as well as advisory services, wholesale and retail loans, cash management, wealth management, FASTag, insurance, and mutual fund distribution. Incorporated in 1997 and headquartered in Chennai, Tamil Nadu, with operations primarily in India, the company maintains stakes through subsidiaries like IDFC Financial Holding Company Limited, encompassing banking via IDFC FIRST Bank and microfinance through IDFC FIRST Bharat Limited, which offers group loans, micro enterprise loans, housing loans, gold loans, two-wheeler loans, tractor loans, and commercial vehicle loans to rural and semi-urban customers across 10 states. In October 2024, IDFC Limited merged into IDFC FIRST Bank at a ratio of 155 bank shares for every 100 IDFC shares, streamlining its structure post its prior banking foray and asset management expansions; recently, its banking arm secured Rs 7,500 crore in preferential equity from Warburg Pincus and Abu Dhabi Investment Authority in April 2025 to support growth, with Competition Commission of India approval for up to 9.99% stake by Warburg Pincus in June 2025.