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IFCI Financial Services
3.7
based on 61 Reviews
Company Overview
Company Locations
Working at IFCI Financial Services
Company Summary
Overall Rating
3.7/5
based on 61 reviews
6% below
industry average
Highly rated for
Job Security, Work-Life Balance
Critically rated for
Skill Development, Promotions/Appraisal, Work Satisfaction
Work Policy
Monday to Friday
86% employees reported
Strict timing
74% employees reported
No travel
36% employees reported
Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
2 employees reported
Job/Soft skill training
2 employees reported
Office cab/shuttle
1 employee reported
Child care facility
1 employee reported
View all benefits
About IFCI Financial Services
Founded in1948 (77 yrs old)
India Employee Count1k-5k
Global Employee Count--
India HeadquartersDelhi/NCR, Delhi, India
Office Locations
--
Websiteifciltd.com
Primary Industry
Other Industries
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We are a Non-Banking Finance Company in the public sector. Established in 1948 as a statutory corporation, IFCI is currently a company listed on BSE and NSE. IFCI manages Six number of subsidiaries and one associate under its fold.
We provide financial support for the diversified growth of Industries across the spectrum. The financing activities cover various kind of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries. During its 70 years of existence, mega projects like Adani Mundra Ports, GMR Goa International Airport, Salasar Highways, NRSS Transmission, Raichur Power Corporation, to name a few, have been setup with financial assistance of IFCI.
The company has played a pivotal role in setting up various market intermediaries of repute in several niche areas like stock exchanges, entrepreneurship development organizations, consultancy organizations, educational and skill development institutes across the length and breadth of the country.
The Govt. of India has placed a Venture Capital Fund of Rs. 200 crore for Scheduled Castes (SC) with IFCI with an aim to promote entrepreneurship among the Scheduled Castes (SC) and to provide concessional finance. IFCI has also committed a contribution of Rs.50 crore as lead investor and Sponsor of the Fund. IFCI Venture Capital Funds Ltd., a subsidiary of IFCI Ltd., is the Investment Manager of the Fund. The Fund has been operationalized since FY 2014-15 and IVCF is continuously making efforts for meeting the stated objective of the scheme.
Further, in March 2015, Ministry of Social Justice and Empowerment, Government of India has designated IFCI as a nodal agency for implementing the “Credit Enhancement Guarantee Scheme for Scheduled Castes” with an objective to encourage entrepreneurship amongst the Scheduled Castes, by providing Credit Enhancement Guarantee to Member Lending Institutions viz. banks who are providing financial assistance to these entrepreneurs belonging to scheduled castes community.
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IFCI Financial Services Ratings
based on 61 reviews
Overall Rating
3.7/5
How AmbitionBox ratings work?
5
26
4
15
3
9
2
5
1
6
Category Ratings
4.1
Job Security
4.0
Work-Life Balance
3.6
Company Culture
3.4
Salary & Benefits
3.3
Work Satisfaction
3.1
Promotions/Appraisal
3.1
Skill Development
IFCI Financial Services is rated 3.7 out of 5 stars on AmbitionBox, based on 61 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
IFCI Financial Services Reviews
Top mentions in IFCI Financial Services Reviews
Compare IFCI Financial Services with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.7/5 based on 61 reviews | 3.9/5 based on 1k reviews | 3.9/5 based on 3.3k reviews | 4.0/5 based on 6.4k reviews |
Highly Rated for | Job Security Work-Life balance | Work-Life balance Company culture | Salary & Benefits Skill development | Salary & Benefits Skill development Job Security |
Critically Rated for | Skill development Promotion/Appraisals Work Satisfaction | Promotion/Appraisals | No critically rated category | No critically rated category |
Primary Work Policy | - | Work from office 77% employees reported | Work from office 76% employees reported | Work from office 78% employees reported |
Rating by Women Employees | 2.9 Poor rated by 14 women | 3.8 Good rated by 209 women | 3.8 Good rated by 218 women | 3.9 Good rated by 561 women |
Rating by Men Employees | 4.1 Good rated by 43 men | 3.9 Good rated by 772 men | 4.0 Good rated by 2.8k men | 4.0 Good rated by 5.4k men |
Job Security | 4.1 Good | 3.6 Good | 3.7 Good | 3.9 Good |
View more
IFCI Financial Services Salaries
3.4
rated by 61 employees for salariesDeputy General Manager
(23 salaries)
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₹35 L/yr - ₹50 L/yr
Credit Manager
(10 salaries)
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₹20 L/yr - ₹33 L/yr
Manager LAW
(10 salaries)
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₹17 L/yr - ₹20 L/yr
HR Manager
(8 salaries)
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₹22 L/yr - ₹30 L/yr
Chartered Accountant
(8 salaries)
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₹6 L/yr - ₹11.8 L/yr
Financial Associate
(8 salaries)
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₹7.2 L/yr - ₹12.5 L/yr
Assistant General Manager
(7 salaries)
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₹16.5 L/yr - ₹33 L/yr
Deputy Manager
(6 salaries)
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₹4.2 L/yr - ₹7 L/yr
Assistant General Manager Finance
(5 salaries)
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₹22.5 L/yr - ₹25 L/yr
Branch Manager
(5 salaries)
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₹4.7 L/yr - ₹5.9 L/yr
IFCI Financial Services Interview Questions
Interview questions by designation
Top IFCI Financial Services interview questions and answers
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Interview Process at IFCI Financial Services
based on 4 interviews in last 1 year
Interview Experience
4.3
Good
People are getting interviews through
based on 5 IFCI Financial Services interviews
Job Portal
60%
Company Website
40%
*0% candidates got the interview through other sources
Moderate confidence
IFCI Financial Services Jobs
IFCI Financial Services News
Government To Infuse Rs 500 Crore In IFCI To Improve Its Financial Health
- The government has decided to infuse Rs 500 crore capital in state-owned Industrial Finance Corporation of India or IFCI to improve its financial health ahead of the company's proposed restructuring and consolidation into a group.
- With the infusion, the government of India's holding in the company is expected to further increase from existing 71.72% as on September 2024.
- The capital infusion plan for IFCI was approved through the passage of the first supplementary demand for grants for 2024-25 in Lok Sabha last week.
- Earlier this year, IFCI had raised Rs 500 crore capital through the issuance of equity shares to the government.
Bloomberg Quint | 22 Dec, 2024
IFCI to cease lending, transition to infrastructure advisory role
- IFCI, a financial institution owned by the Indian government, will cease fresh lending and transition to an infrastructure advisory role.
- The decision to stop fresh lending was made due to a rise in bad loans and depletion of capital and liquidity.
- IFCI will expand its infrastructure advisory services to include evaluation for state government infrastructure and green projects.
- The government plans to infuse ₹500 crore into IFCI this year to ensure repayment commitments are fulfilled.
HinduBusinessLine | 26 Nov, 2024
Finance Ministry gives ‘in-principle’ nod for ‘Consolidation of IFCI Group’
- The Finance Ministry has given an 'in-principle' nod for the consolidation of the IFCI Group.
- The board of IFCI Limited has approved the consolidation plan, which includes merging various group entities with IFCI Limited.
- The consolidation plan also involves creating a single entity for the consolidation of four other group entities.
- IFCI Limited reported a net profit of ₹185 crore for the quarter ended September 30, 2024.
HinduBusinessLine | 23 Nov, 2024
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IFCI Financial Services FAQs
When was IFCI Financial Services founded?
IFCI Financial Services was founded in 1948. The company has been operating for 77 years primarily in the FMCG sector.
Where is the IFCI Financial Services headquarters located?
IFCI Financial Services is headquartered in Delhi/NCR, Delhi.
How many employees does IFCI Financial Services have in India?
IFCI Financial Services currently has approximately 3,700+ employees in India.
Does IFCI Financial Services have good work-life balance?
IFCI Financial Services has a work-life balance rating of 4.0 out of 5 based on 60+ employee reviews on AmbitionBox. 67% employees rated IFCI Financial Services 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read IFCI Financial Services reviews for more details
Is IFCI Financial Services good for career growth?
Career growth at IFCI Financial Services is rated as moderate, with a promotions and appraisal rating of 3.1. 33% employees rated IFCI Financial Services 3 or below, while 67% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading IFCI Financial Services reviews for more detailed insights.
What are the pros and cons of working in IFCI Financial Services?
Working at IFCI Financial Services comes with several advantages and disadvantages. It is highly rated for job security and work life balance. However, it is poorly rated for skill development, promotions / appraisal and work satisfaction, based on 60+ employee reviews on AmbitionBox.
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