IDFC Ltd.

In 1994, the Department of Economic Affairs, MoF in recognition of the
 need to develop the country's infrastructure, established an Expert
 Group on Commercialisation of Infrastructure Projects under the
 Chairmanship of Dr. Rakesh Mohan.  The group reviewed the existing
 state of infrastructure in the country, including the state of
 corporate debt market to provide long-term funds to infrastructure
 projects, and recommended the need for a specialized financial
 intermediary for funding infrastructure projects.
 
 Thereafter, the announcement for the setting up of IDFC was made in
 the Union Finance Minister's budget speech in July 1996. 
 
 Our Company was incorporated as a public limited company on January
 30, 1997 with its registered office at Chennai and commenced business
 activities on June 9, 1997. IDFC was conceptualised to lead private
 capital to commercially viable infrastructure projects. Towards this
 objective, IDFC would nurture and develop bankable projects and
 create innovative instruments that unbundle and mitigate the risks
 for investors in the infrastructure sector. IDFC's role is to
 complement existing institutions undertaking infrastructure financing
 with focus on strengthening market mechanisms where these were
 evolving or had failed to develop. IDFC also works closely with the
 GOI and the state governments on conceptualizing and formulating
 policies that would be conducive for private sector participation in
 the infrastructure sector.
 
 In 2002, in order to attract private sector investment in
 infrastructure projects to supplement public investment, the Finance
 Minister of India in his Budget speech for 2002-03, proposed the
 setting up of Rs. 10,000 million Infrastructure Equity Fund, to be
 managed by IDFC, to help in providing equity investment in
 infrastructure projects. To give effect to the same, on November 7,
 2002, we had incorporated IDFC Asset Management Company Limited as
 our subsidiary.
 
 Major Events:
 
 Year   Event
 
 1997   * Incorporation of IDFC.
             * Commencement of business.
 
 1998   * Registered with the RBI as a NBFC.
 
 1999   * Notified as Public Financial Institution under 
               section 4A of the Companies Act.
 
 2000   * Registered with the SEBI as a merchant banker.
             * Registered with the SEBI as an underwriter.
 
 2001   * Registered with the SEBI as a debenture trustee.
             * Infrastructure Development Corporation (Karnataka)
 Limited 
               set up pursuant to a shareholders agreement between
 IDECK 
               and the Governor of the State of Karnataka, HDFC and
 our 
               Company.
 
 2002   * IDFC Asset Management Company Limited incorporated 
                as a subsidiary.
            
             * Uttaranchal Infrastructure Development Company Limited
 set up 
                pursuant up a joint venture agreement between the
 Government 
               of Uttaranchal and our Company.
 
 2003   * India Development Fund formed, in which IDFC is a 
               sponsor investor.
 
 2005
 -IDFC signs pact with IFC for $50 m loan
 
 2006
 -IDFC enters into MoU with SBI Caps for syndication of debt financing
 for Infrastructure projects
 -IDFC enters into MOU with BoI & UBI
 -IDFC acquires 33-pc stake in SSKI
 
 2007
 -DFC to acquire 6.6% stake in Andhra Cements
 -IDFC partners FTSE in creation of New India Infrastructure Index
 Series
 
 2008
 -Infrastructure Development Finance Company Ltd (IDFC) has informed
 that the Government of India, Ministry of Finance, Department of
 Financial Services, nominated Mr. Arun Ramanathan, Secretary
 (Financial Services), as its nominee Director on the Board of the
 Company in place 
 of Mr. Vinod Rai.
 -Infrastructure Development Finance Corporation (IDFC) has acquired
 Standard Chartered's asset management business in India.
 
 2009
 - ICRA reaffirms LAAA rating to IDFC .
 
 2010
 -IDFC and Natixis Global Asset Management Announce Strategic
 Partnership for Asset Management Business.
 -IDFC bond issue receives 235,705 investor applications Issue
 collects Rs 436 crore in first tranche.
 -IDFC's Capital raising of Rs 3,500 Crore.
 -IDFC to issue tax-saving long-term infrastructure bonds.
 -Registered Office of the Company has been shifted from ITC Centre,
 3rd Floor, 760, Anna Salai, Chennai - 600 002 to KRM Tower, 8th
 Floor, No.1, Harrington Road, Chetpet, Chennai - 600 031
 
 2011
 - IDFC to issue second tranche of tax-saving long-term infrastructure
 bonds.
 - IDFC bond issue receives approximately 3.88 lakh investor
 applications.
 - IDFC Data Center FIRST IN INDIA TO BE Certified Energy Efficient
 ‘green’ Data Centre by TÜV Rheinland.
 - IDFC's Central Data Center awarded the coveted Uptime Institute
 Tier III design certification, First in the Financial Services
 Sector.
 - Dr. Mihir Shah releases 10th India Infrastructure Report.
 
 2012
 -Ministry inks Agreement for publication of India Rural Development
 Report.
 -One New Indian Company to Join FTSE IDFC India Infrastructure 30
 Index - following 2012 Semi-Annual Review.
 -IDFC offers Tranche 2 of tax-saving long term infrastructure bonds.
 -Company has changed its name from Infrastructure Development Finance
 Company Ltd. to IDFC Ltd.
 
 2013
 -IDFC declares 26% dividend on equity shares.
 
 2014
 -IDFC recommended payment of dividend for the financial year ended
 March 31, 2014 at the rate of 26%, i.e. Rs. 2.60 per share, subject
 to the approval of shareholders.
 
 2016
 -IDFC Bank to expand reach with acquisition of Grama Vidiyal Micro
 Finance
 
 
 2018
 -Amalgamation of Capital First Limited, Capital First Home Finance
 Limited and Capital First Securities Limited with IDFC Bank Limited.
 -IDFC AMC launches Equity Long/Short Fund as inaugural AIF Category 3
 offering.
 
 2023
 
 -''Approval granted by the Reserve Bank of India to ICICI Prudential
 Asset Management Company Limited and ICICI Prudential Life Insurance
 Company Limited for acquiring aggregate holding of up to 9.95% of the
 paid-up share capital or voting rights of IDFC FIRST Bank Limited.''.
 
 - IDFC to hike stake in IDFC First Bank to 40%