Money & Banking

IIFCL posts per person profit of Rs 12 cr

V. Rishi Kumar Hyderabad | Updated on March 12, 2018

India Infrastructure Finance Company Ltd may rank among the most profitable on per employee basis among state-owned corporations if the numbers are anything to go by.

The corporation, which is into infrastructure financing, has registered per employee business of about Rs 372 crore and profitability of Rs 12 crore, according to Harsh Kumar Bhanwala, Executive Director of IIFCL, a Government of India Enterprise, which started operations in 2006.

The company has thus far lent Rs 25,000 crore and is set to hit the Rs 30,000-crore mark. It has only 55 employees.

rishikumar.vundi@thehindu.co.in

Published on December 19, 2012

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