What is New

  • The Report titled “India meets Britain” by His Excellency, the Indian High Commissioner, on 28 April 2016, was published by Grant Thornton and CII tracking high growth Indian companies in the UK and is now in its 3rd year. The Company is the winner under the category of ‘Fastest Growing Financial Services Company’ in the UK.
  • Mr. Pankaj Jain, the Government of India nominee director on the Board of IIFC (UK) effective
    from 15 Jan 2016 has been assigned by Government of India, the additional charge of the post of
    Managing Director, IIFCL with effect from 28 December 2017. Consequentially, Mr. Pankaj Jain has
    been inducted as Chairman of IIFC (UK) Limited with effect from 28 December 2017.
  • Up to March 2017, IIFC (UK) has accorded approval to 38 proposals, including in principle approvals, with an aggregate loan amount of USD 3.639 billion, net of cancellations and reductions, were approved. The total cumulative cost of the assisted projects is over USD 71.23 billion.
  • Of the thirty-eight approved projects, twenty-five projects are in the Power Sector, five are in the Gas Pipelines/LNG storage, three in the Seaport, three in the Mass Rapid Transport System- Metro Rail, one in Fertilizers Manufacturing sector and one in Telecommunication.

  • IIFC (UK) earned a PBT of USD 36.958 million (USD 27.981 million in FY 2015-16) and PAT of USD 25.919 million (USD 20.234 million in FY 2015-16) in FY 2016-17.

  • RBI vide circular dated 30 March 2016 has advised that for the purpose of ECB, “Exploration, Mining and Refinery” sectors which are not included in the Harmonised list of infrastructure sector but were eligible to take ECB under the previous ECB framework will be deemed as part of the infrastructure sector and can access ECB as applicable to the infrastructure sector.

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London EC4N 7HR United Kingdom

Telephone & Email

General: +44-20-7776 8950
Email: info@iifc.org.uk

S. Krishnan: +44-20-7776 8951, 7600 6564
Email: md@iifc.org.uk

Raghav Aggarwal: +44-20-7776 8955
Email: operations@iifc.org.uk

Naresh Goyal: +44-20-77768952
Email: naresh.goyal@iifc.org.uk

Fax: +44-20-7776 8958