We have been an integral part of the country's development story since 1997, when our company was formed with the specific mandate to build the nation.
Since 2005, we have built on our vision to be the 'one firm' that looks after the diverse needs of infrastructure development. Whether it is financial intermediation for infrastructure projects and services, adding value through innovative products to the infrastructure value chain or asset maintenance of existing infrastructure projects, we focused on supporting companies to get the best return on investments.
Our growth has been driven by the substantial investment requirements of the infrastructure sector in India combined with the growth in the Indian economy over the last several years. Our ability to tap global as well as Indian financial resources made us the acknowledged experts in infrastructure finance.
In April 2014, the Reserve Bank of India (RBI) granted an in-principle approval to IDFC Limited to set up a new bank in the private sector, as per the RBI Guidelines for Licensing of New Banks in the Private Sector. Subsequently, a Scheme of Arrangement was filed with the Madras High Court for Demerger of Financial Undertaking (the lending business of IDFC) to IDFC Bank. All the requisite approvals were obtained and the Madras High Court approved this Demerger by its Order dated June 25, 2015.
As per the RBI guidelines and conditions of in-principle approval, the structure of IDFC Group was revamped and the current structure of the IDFC Group – post Demerger is as under:
Simplified Corporate Structure as on October 2015 On the eve of starting Bank Operations
Post Demerger, all the lending business of IDFC Limited has been demerged and transferred to IDFC Bank. IDFC Limited would continue to be a listed holding company.