IDFC Ltd. Company Profile: Products, Promoters and Clients

IDFC Ltd. Company Description:

IDFC Group, established in 1997, plays a pivotal role in India's infrastructure development landscape. Originally founded to spearhead national projects, IDFC has evolved into a diversified conglomerate encompassing sectors such as banking (through IDFC Bank), asset management (both public and private markets), institutional broking, and infrastructure debt funding, all managed under its subsidiary, IDFC Financial Holding Company Limited (NOFHC). With extensive expertise in infrastructure finance and substantial investments in critical sectors, IDFC Group continues to leverage global and domestic financial resources to drive economic growth and support infrastructure projects across India.

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Q1. What are the Product and service offerings of IDFC Ltd?

IDFC Ltd continues to hold investments in IDFC FIRST Bank and IDFC AMC. It held 39.98% in IDFC FIRST Bank and 99.96% in IDFC AMC.

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Q2. Who are the Promoters/Management of IDFC Ltd?

Mr. MahendraN. Shah has held crucial places at IDFC FIRST Bank Limited and IDFC Limited for over a decade, presently serving as Company Secretary & Compliance Officer of IDFC Limited since May 24, 2019. With expansive experience gauging further than 20 times, he oversees the secretarial, governance, and compliance functions across 26 companies/ realities within the IDFC Group. 

Prior to joining IDFC,Mr. Shah held elderly positions at International Paper Limited and SKF Bearings India Limited, where he managed finance, nonsupervisory obediences, and taxation matters. He's a good member of the Institute of Chartered Accountants of India( ICAI), the Institute of Cost & Management Accountants of India( ICWA), and the Institute of Company registers of India( ICSI).

Mr. Bipin Gemani, a seasoned finance professional, served as CFO of IDFC Bank Limited after joining IDFC Limited in 1997 as Group Director – Finance. With over 40 years of experience in finance and accounts, he played a crucial role in shaping IDFC into a financial conglomerate, including the establishment of IDFC Bank and restructuring initiatives aimed at enhancing shareholder value. 

Prior to IDFC, Mr. Gemani held the position of GM Finance at Atlas Copco (India) Limited for nine years. He is a qualified Chartered Accountant from the Institute of Chartered Accountants of India (ICAI). 

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Written By: Khush Kothari