IFCI LTD was established as the industrial finance Corporation of india in July 1948,As the first Development Financial Institution in the country.As the country's capital markets evolved, IFCI's role changed and it was converted from a staturory corporation to a company in 1999.

IFCI balance sheet size stood at rs 27,848 Crores as on December 31, 2011 IFCI has a networth of Rs. 4206 Crores and a car of 20.15% on the same date.