Overview

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 focus 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 makes us the acknowledged experts in infrastructure finance.

This, coupled with a strong synergy between the company management and key shareholders, and a

dedicated team of over 550 people makes us an organization that is committed to improving the face of

India's infrastructure sector.

At IDFC, our commitment to building India's infrastructure goes beyond business. We work closely with

government entities and regulators to advise and assist them in formulating policy and regulatory

frameworks that support private investment and public-private partnerships in infrastructure

development.

Mission“To be the leading knowledge-driven financial services platform, creating enduring value, promoting infrastructure and nation building, in India and beyond”Values

Integrity

We engage in honest and straight forward communication with all stakeholders and adhere to the

highest ethical standards in everything we do. Our reputation is paramount. We will act in the best

interests of our clients but without compromising our values and principles.

Nurturing Humility

We are modest enough to know that we can be wrong and smart enough to learn from our mistakes. We

treat everyone as an equal— no task is beneath us.

Stewardship

We act as custodians of our firm and accept the charge of passing on a better business than the one we

inherited. Our actions will be guided by rules and ethical principles creating long term value with due

care for society and environment.

Partnership

We emphasize a ONE FIRM culture. We foster mutual respect and proactively collaborate with each

other, with clients, and with partners keeping just one thing in mind – to be the best at what we do.

Initiative

We encourage new ideas and independent action within a culture that fosters sharing knowledge and

information, critical debate and constructive dissent.

Responsibility

We take complete ownership for our actions, emphasizing a results-oriented and problem-solving

approach to business. We are personally accountable to the communities that we serve.

Excellence

We constantly strive to raise industry standards, be the employer of choice, and work to be the best

rather than the biggest. Dedication to excellence results in superior execution and generates creative,

imaginative and innovative outcomes.

Board of Directors

Mr. Deepak S. Parekh

Chairman

 

Mr. Bimal Julka

 

Mr. S. S. Kohli

 

Mr. Abdul

Rahim Abu

Bakar

             

Mr. S.H. Khan

 

Mr. Gautam Kaji

 

Mr. Donald Peck

 

Mr.

Shardul

Shroff

             

Dr. Omkar Goswami

 

Ms. Marianne Økland

 

Dr. Rajiv B. Lall

Managing Director &

CEO

 

Mr.

Vikram

Limaye

Whole-

time

Director

Board Committees     

Audit Committee : Mr. S.H. Khan

Chairman

Mr. Shardul Shroff

Dr. Omkar Goswami

Mr. Gautam Kaji

 

     

Nomination Committee : Mr. Deepak Parekh

Chairman

Mr. Gautam Kaji

Mr. Donald Peck

Dr. Omkar Goswami

 

     

Investors’ Grievance Committee : Mr. S.H. Khan

Chairman

Dr. Omkar Goswami

Dr. Rajiv B. Lall

 

     

Compensation Committee : Dr. Omkar Goswami

Chairman

Mr. S.S. Kohli

Mr. S.H. Khan

Mr. Shardul Shroff

Mr. Donald Peck

 

     

Executive Committee : Mr. Deepak Parekh

Dr. Rajiv B. Lall

Mr. S. S. Kohli

Mr. Donald Peck

Mr. S.H. Khan

Dr. Omkar Goswami

 

     

Risk Committee : Mr. Gautam Kaji

Mr. S. H. Khan

Mr. Shardul Shroff

Dr. Rajiv B. Lall

     

History & TimelinesOur Group was born out of the need for a specialized financial intermediary for infrastructure.

Incorporated on January 30, 1997 in Chennai, our company was set up on the recommendations of the

'Expert Group on Commercialisation of Infrastructure Projects' under the Chairmanship of Dr. Rakesh

Mohan.

Since then, we have been a leading catalyst for providing private sector infrastructure development in

India. We focus on developing and leveraging our knowledge base in the infrastructure space to devise

and provide appropriate financing solutions to our customers. Our strong capitalization reflects the

crucial role that we play in infrastructure development.

1997 IDFC is founded on the recommendations of the 'Expert Group on Commercialization of

Infrastructure Projects' under the Chairmanship of Dr. Rakesh Mohan. The group is conceptualized to channel private capital into commercially viable projects.

1999 Is notified as a Public Financial Institution under Section 4A of the Companies Act.

2000 Gets registered with SEBI as a merchant banker.

2001 Gets registered with SEBI as a debenture trustee. Sets up Infrastructure Development Corporation (Karnataka) Limited (iDeCK).

2002 Sets up IDFC Private Equity as an investment manager for private equity funds. Sets up Uttaranchal Infrastructure Development Company Limited (UDEC).

2003 Successfully raises $200 million for the India Development Fund, the first infrastructure-focused

private equity fund.2005

Becomes a public company after listing its shares on NSE and BSE.2006

Successfully raises $450 million for its second infrastructure - focused private equity fund.2007

Raises Rs. 2,100 crore through QIP. Sets up IDFC Project Equity Company Limited as a specialized project finance entity focused on

developing Indian infrastructure projects. Establishes IDFC Projects to develop, implement, own and operate projects in the infrastructure

space.2008

Successfully raises $930 million through the India Infrastructure Fund to invest equity capital in infrastructure projects and $700 million in its third private equity fund.

Enters into asset management by acquiring the AMC business of Standard Chartered Bank in India.

Incorporates IDFC Capital (Singapore) Pte Limited, for an emerging markets private equity fund-of-funds business.

2009 The company's loan book crosses Rs. 20,000 crore with more than 200 infrastructure projects

funded. Establishes IDFC Foundation to focus on capacity building, policy advisory and sustainability

initiatives. Becomes part of Nifty 50.

2010 Raises additional capital of Rs. 26,542 million through a Qualified Institution Placement at

Rs.168.25 per share and CCPS at a conversion price of Rs.176 per share. Government shareholding reduces to 18%

Classified as an Infrastructure Finance Company (IFC) Raises Rs. 480 crores in the first tranche of its Long Term Infrastructure Bonds

Environment ManagementOverview

Our Environment Management and Social Development Group provides support in assessing the

environmental and social issues and risks associated with infrastructure projects. They help us to make

our investments environmentally sustainable and socially viable.

This group also assists in the monitoring and reviewing of projects throughout their term from an

environmental and social perspective. In addition, it also provides evaluation and assessment services in

environment management and sustainable development areas to third parties.

Sustainable Infrastructure Development

We have initiated the Inclusive Infrastructure Fund, a small corpus formed out of

our own funds to support social enterprises and innovative environmental

projects.

The Fund made its first equity investment in Ziqitza Healthcare Ltd., a company

that provides emergency response ambulance services under an innovative

business model where better-off patients cross-subsidize poorer patients.

Through this fund we have also approved a second investment in a company

that imparts civil construction skills to unemployed rural youth and places them

directly with construction companies after training.

We are considering several other investment opportunities in areas such as rural

solar lighting, municipal solid waste based biomethanation plants and innovative rural community

sanitation upgradation systems.

Management of environmental and social issues

At IDFC we firmly believe that small steps go a long way in saving the

environment. Our environment management systems assess and mitigate the

environmental and social impacts of our investments in infrastructure projects,

and minimize the environmental impact and carbon footprint of our operations

through resource efficiency and conservation.

We also help investors integrate consideration of environmental, social, and

governance (ESG) issues into their investment decision-making and ownership

practices, and thereby improve long-term returns to beneficiaries. Our active

volunteering program aimed at sensitizing our employees towards

environmental and social issues, is just another small step towards preserving

our planet.

Environment policy framework

Under the “Go Green” initiative, we have launched an internal environment

policy aimed at minimizing the environmental impact and carbon footprint of our

projects. We are on course for obtaining the US Green Business Council’s LEED

Gold Certification (Commercial Interiors) for our new office at Chennai and

(possibly India’s first) certification for an Energy-Efficient Data Centre from TUV

Rhineland, Germany.

Risk ManagementOverview

A comprehensive Enterprise Risk Management (ERM) framework ensures that we assess the extent of

these risks in our aggregate credit portfolio on a regular basis by adopting an integrated approach to

managing all the three types of risks across entities within our Group Companies.

Our focus on loan portfolio management, asset liability management (ALM) and loan pricing ensures a

strong risk management framework for market and credit risks. In addition to this, we are in the process

of developing various market risk modules to strengthen our risk management processes.

A comprehensive portfolio review of all project assets and equity investments of the Group on a semi-

annual basis helps us to effectively manage credit risks. Our Risk Group also closely focuses on ALM to

enhance the effectiveness of the current process of regular monitoring of liquidity and interest rate risks.

Our sophisticated software-based ALM system enables us to capture data from various disparate

platforms and allows for more detailed and comprehensive analysis.

Our ALM-based risk management system is supported by customized software which:

Allows real-time tracking and monitoring of all types of risks

Provides precise information on activities, risks and controls to all

Has the capability to track, understand and manage information across the organization

Generates risk heat maps at all levels of the business

Shows the list of open issues at any point of time

Enables setting up central repository for all policy and procedures

Enables standardizing of all group policies and procedures

Provides trend analysis on risk history to take proactive measures

TreasuryThe treasury function is primarily the back-bone for project financing in our organization. It focuses on

liquidity management to provide sufficient funds at optimal costs. In addition, it also generates returns

by taking calls in the fixed-income trading space.

Our treasury operations have assumed greater importance as a source of income. While the investment

strategy for treasury operations continues to ensure adequate levels of liquidity to support core business

requirements, it has started focusing on optimizing levels of return and functioning as a profit centre

investing in fixed income assets, while maintaining prudent safety norms.

Overview

IDFC Project Finance is a pioneer in lending for infrastructure projects. We were founded with the sole

objective of providing and promoting private financing of Indian infrastructure. Our business is capital

intensive and focuses on managing the loan book for IDFC, making us the bridge between our parent

company and its clients to build a larger and wider customer engagement.

Our business has shown robust growth in the last year through our focus on creating a more stable asset

base.

We have developed extensive domain knowledge, particularly for project structuring, appraisal and risk

evaluation. We played a key role in introducing innovative financial products and structures such as take-

out financing and risk participation facilities, which allow a broader cross-section of lenders and investors

to participate in infrastructure financing.

PRODUCTS

Senior Debt FinancingSenior Debt Financing forms the largest component of our financing portfolio. It is provided through loans

or in the form of subscriptions to debentures, making up 56% of our loan portfolio. It ranks ahead of

other debt obligations of the borrower with respect to security and right of payment.

Our senior debt financing is fully secured and has recourse to the project assets in the event of any

default. In most cases, senior debt provided by us is substantially collateralized through documents such

as pledge of all or part of the sponsors' equity holding in the borrower or an assignment of rights under

the various project contracts.

We also provide securitized debt that is collateralized by the cash flow receivables of the project. Our

senior debt financing typically bears fixed rate interest with re-pricing mechanisms that usually come

into effect after five years to adjust to changes in interest rates. Additionally, senior loans may also be

re-priced for changes in the credit quality of the borrower.

Mezzanine ProductsWe provide financing in the form of mezzanine products to strengthen project structures. These products

comprise of preference capital and subordinated debt. Our Mezzanine products are layered in a firm's

capital structure between equity and senior debt and act as an additional tier to the capital structure.

Our Mezzanine instruments are subordinated in right of payment to senior debt and have only a second

charge on the borrower’s assets. These subordinated financing structures carry higher risk as compared

to senior debt but have the potential of earning higher returns.

Principal InvestmentsOur Principal equity investments in infrastructure companies provide financing to them and help us to

continuously explore opportunities that result in accepting a higher level of risk. Through this business,

we also focus on exploring and developing innovative financing structures for our investments.

Our principal investment business plays a key role in generating non-interest income for us. These

investments could be strategic in nature and we may also make them through our treasury operations.

We could also invest in non-infrastructure related businesses that in our view are capable of generating

attractive returns.

The focus of our principal investments is on companies that have high quality sponsorship, good growth

prospects and well defined exit opportunities. We have made principal investments in infrastructure-

related companies that subsequently listed on stock exchanges, such as Gateway Distriparks,

Indraprastha Gas and PTC India Limited.

Non-Fund Based ProductsThrough our non-fund based products, we issue guarantees for a project’s performance and payment

obligations. Our guarantees enhance the credit ratings of the underlying financial instruments and

enable projects to secure financing from a wider spectrum of sources. These include borrowings from

commercial banks, foreign lenders and the debt capital markets. We also issue guarantees to enable

project companies to open letters of credit.

Our non-fund based products also consist of Take-out financing. This product is designed to address the

maturity mismatches and the risk appetite of certain categories of lenders, allowing them to participate

in infrastructure financing. It also helps us to take over outstanding loans from project lenders after 5

years because of our access to funds with long-term maturity.

The amount of debt funding provided by a bank, financial institution or NBFC participating in project

funding is constrained by industry, group and borrower limits on exposures that apply to them. To

address this constraint we may assume a portion of the credit risk in an underlying instrument through

our risk participation product.

IDFC INVESTMENT BANKING

OverviewIDFC Capital is IDFC’s all-inclusive investment banking division. We provide a full suite of

investment banking services to a diverse group of Indian and multinational corporations,

banks and financial institutions across major industry sectors.

We aim to build substantial value for entrepreneurs and mature companies by helping them accomplish

accurate capitalization strategies.

Our clientele ranges from early stage private companies to well established corporate, which are

recognised leaders in their respective sectors.

The IDFC Capital team comprises of committed experts with in-depth sector knowledge and

understanding to meet our clients’ varied needs for corporate finance. Our team works closely with

senior leaders and company management to prepare effective and investment-worthy business plans.

IDFC SECURITIESOverviewIDFC Institutional Securities has been one of India’s leading equities broker for institutional investors

catering to domestic as well as overseas financial institutions investing in Indian equities.

We are empanelled with over 1,200 institutional clients across India, Southeast Asia, the UK and USA. We

are renowned for our pioneering role in institutionalizing the concept of equity research in India. A

thorough research-based approach continues to remain the corner stone of our business model - a

legacy in which we take considerable pride.

The IDFC Institutional Securities team consists of best-in-class professionals and is one of the leaders in

Indian equity market advisory and execution. We specialize in providing investment solutions tailored to

client needs. We have one of the best and largest research teams, which include dedicated technical and

derivative analysts who together with the sales team form a formidable combination in the equities and

securities markets. IDFC Institutional Securities had held a leadership position in the QIP league

demonstrating strong selling ability to Institutional Investors.

IDFC PE

IntroductionIDFC Private Equity (IDFC PE) was set up in 2002, and is India’s largest and most active private equity

fund focused on infrastructure (including social infrastructure) and allied enablers and services. IDFC PE

manages a corpus of 

INR 57 billion (USD 1.3 billion).

IDFC PE manages three funds:

India Development Fund, an INR 8.4 billion (USD 192 million) fund

IDFC Private Equity Fund II, an INR 19.9 billion (USD 440 million) fund

IDFC Private Equity Fund III, an INR 29.0 billion (USD 644 million) fund

IDFC PE is a 100% subsidiary of IDFC (Infrastructure Development Finance Company Ltd.), India’s

leading financial institution focused on providing a full spectrum of financial and advisory services for

infrastructure development, with a balance sheet size of more than USD 10 billion.

IDFC PROJECT EQUITY

ProfileIDFC Project Equity is a leading 'Infrastructure Equity' Investment Manager based in India.

We manage the India Infrastructure Fund (IIF), a SEBI-registered domestic venture capital fund focused

on infrastructure with a corpus of INR 38 billion (USD 927 million1). IIF focuses on investing equity for the

long-term in a diversified portfolio of infrastructure assets in India.

IDFC Project Equity Company Limited is a 100% subsidiary of Infrastructure Development Finance

Company Limited (IDFC), India's leading financial institution focused on infrastructure. It is another key

initiative by IDFC to catalyse India's infrastructure development and was set up as part of the 'India

Infrastructure Financing Initiative', a collaborative effort between the Government of India and leading

Indian and global financial institutions to deploy USD 5 billion in capital for infrastructure projects in

India.

At IDFC Project Equity, we focus on creating sustainable, positive economic impact and long-term value

for our investors, the infrastructure companies we invest in and the Indian economy.

We have a long-term investment horizon. Our investment strategy targets assets that have visibility of

strong, predictable cash flows in the form of regular dividend distribution, low volatility of returns and

potential for capital growth. We practice high standards of corporate governance and independent arms-

length reporting structures to drive accountability and transparency in our operations.

IDFC PROJECT

OverviewMandated to develop, finance, execute and manage infrastructure projects 

in India.

IDFC Projects is a wholly owned subsidiary of Infrastructure Development Finance Company Limited

(IDFC). IDFC is India’s leading financial institution at the forefront of developing infrastructure through its

presence across financing, advisory, investment banking, development and asset management functions

related to the sector.

IDFC Projects Ltd. (IP) is the development arm of IDFC, with the mandate to develop, finance, execute

and manage infrastructure projects in the country.

IDFC Projects Limited

Established in December 2007 as the development arm of IDFC Limited

Mandated to develop, finance, execute and manage infrastructure projects in India

Draws on the parent's core strengths of government sponsorship, project financing and asset

management

Delivers a strong value proposition in the development and implementation of infrastructure projects

Works in active collaboration with the Central and State Governments as well as the private sectors

from India and abroad

Despite growing interest and participation by different stakeholders in infrastructure projects, a huge

shortfall of delivery capacities continues to exist in the public as well as private sector in India. There is a

large unmet demand for new technologies, for creation of assets without cost or time overruns and for

their efficient management and maintenance. A pipeline of greenfield projects, together with a growing

number of operating assets, present significant opportunities for infrastructure developers, contractors

and operators to work in public private partnerships with governments.

IDFC Projects seeks to participate in these evolving opportunities. It is currently considering projects of

national importance across infrastructure sectors including power generation and transmission, surface

transport, special economic zones, water treatment and distribution systems and infrastructure corridors.

In the course of its activities, IDFC Projects builds upon its parent's core strengths of government

sponsorship, project financing and asset management to create a strong value proposition in the

conceptualization, development and implementation of infrastructure projects.

IDFC Projects seeks to fulfill its mandate in active collaboration with the Central and State Governments

as well as with the private sector from India and abroad.

IDFC Mutual FundIDFC Mutual Fund was acquired in 2008-09. We are IDFC’s Asset Management arm and work

under the aegis of IDFC Asset Management Company Ltd (IDFC AMC).

We manage different mutual fund products for institutional and retail investors.

At IDFC Mutual Fund we generate income through asset management fees and focus on growing the

assets under management by offering suitable products and channeling private and corporate savings

into the debt and equity markets.

In the short span of time that we have been operating, the financial industry has recognized our

innovative approach to managing assets. In the last one year we have received numerous awards for our

schemes’ performance from various research and ratings agencies.

PUBLIC PRIVATE PARTNERSHIP

Urban Services

Even with much of the infrastructure development expenditure focused on the public sector, we believe

that select private sector opportunities exist in urban transportation, solid waste management and

industrial water supply sectors.

The Government’s ‘viability gap funding’, which allows it to fund up to 20% for projects meeting certain

criteria, is set to increase investment in the private sector. We advice a number of government agencies

and private bodies on suitable PPP models to stimulate development in this sector. To this end, in 2005

we financed two projects to the tune of Rs. 12.8 crore and spent a total of Rs. 46.5 crore on 5 projects.

To effectively address urban transportation needs, we promote alternatives like the High Capacity Bus

System (HCBS), believing them to be more viable than capital-intensive options like the metro rail. In

partnership with IIT-Delhi,  we have implemented the HCBS in parts of Delhi and are exploring its

execution in other cities.  We have invested Rs. 5338 crore to develop 4,380 km of roads across India.

We have also advised the Kerala Government on setting up the country’s first State Road Fund. The fund

allows the state government to enter into long-standing contracts to maintain and improve urban roads.

In partnership with NGOs, we expect the development of private projects targeting the collection,

transport and disposal of solid waste.  We have assisted the Municipal Corporation of Delhi (MCD) in

enabling private sector participation in the city’s waste management. Guidelines, contracts and

agreements prepared by us, support the MCD’s efforts to increase public-private partnerships in this

sector. A similar exercise has been carried out for the city of Thiruvananthapuram under our aegis.,  We

have identified more such nation-wide opportunities for the near future.

We are involved in the following urban development projects:

Bharuch Eco Aqua Infrastructure Limited

Bharuch Enviro Infrastructure Limited

Feedback First Urban Infrastructure Fund

Feedback Ventures Private Limited

iDeCK - Infra Dev Corporation (Kar) Ltd.

IVRCL Infrastructure and Projects Limited

MDDA - Ramky IS Bus Terminus Limited

Ramky Enviro Engineers Limited

Rohan & Rajdeep Infrastructure Pvt. Ltd.

Tamilnadu Urban Development Fund

Rural Infrastructure

Historically, this sector has lagged behind urban infrastructure, which is why we believe that there are

strong investment opportunities in this field. We have assisted in a pilot project to develop 1,000 km of

rural roads in Maharashtra and conducted a study for the Karnataka State Warehousing Corporation,

examining the feasibility of establishing contemporary bulk storage grain silo facilities.

We have also committed Rs. 9258 crore in telecom to connect villages and cities across India, bolstering

rural entrepreneurship.

We are involved in the following projects in rural India:

Amalgam Foods & Beverages Ltd.

Central Warehousing Cold Chain Private Ltd.

Chaitanya Cold Storage Pvt. Ltd.

Escorts Ltd.

Escorts Krishi Sansar Ltd.

Great Wholesale Club

Sai Ware Engineering & Logistics Ltd.

Education

We finance projects to develop facilities in schools, colleges, professional institutes and universities. We

have invested Rs. 571 crore in world-class institutes to allow access to over 150,000 students to the best

educational facilities.

We are involved in the following institutes:

Dhanalaxmi Srinivasan Charitable Education Trust

Indian Institute of Marwari Entrepreneurship, Jaipur

Institute of Chartered Financial Analysts of India

JJ Educational Health and Charitable Trust

Kanumuru Infrastructure Company Limited

Manipal Academy of Higher Education

Saraswati Educational and Health Trust

St. Xavier's Education Trust

Takshshila Education Society

Healthcare

At IDFC Foundation, we believe there is a significant potential for investment in the healthcare

infrastructure sector. We finance development in this sector, primarily in the construction and expansion

of private, general and specialized hospitals and clinics. We have committed Rs. 794 crore to funding

4,157 hospital beds in 15 hospitals across India. We have also provided Rs. 47 lakh towards Mumbai’s

Emergency Medical Service System Ambulances and are looking to expand the services to other cities.

The healthcare infrastructure sector is seeing the development of corporate standards in healthcare

services, allowing for private investment. Setting a benchmark for the industry, we have an equity

investment in Akshaya Apollo Hospitals Limited

We are involved in numerous other projects including:

Apollo Gleneagles Hospitals Limited

Hospitals Education Trust

Apollo Hospitals International Limited

Balaji Medical and Diagnostic Centre

Escorts Heart Institute & Research Centre Limited

Fortis Healthcare Limited

Kanakia Hospitality Private Limited

Max Healthcare Institute Limited

Quality Care India Limited

CSR Activities

Mission

To promote the inclusive and sustainable delivery of infrastructure services

Strategy

To fund replicable business models focused on infrastructure delivery to the underprivileged and

disadvantaged communities in India

Corpus

Budgetary allocation from out of PAT

At IDFC, we are focused on making our business practices more socially and environmentally

responsible. We respect the Universal Declaration of Human Rights and seek to be guided by its

provisions in the conduct of our business. We ensure that our business is conducted with honesty and

integrity, maintaining rigorous ethical, professional and legal standards.

We are committed to providing a competitive and fair employment environment and the highest

standards of health and safety to all our employees. We strive to be a good corporate citizen and work

through our Not for Profit Businesses to achieve these objectives.

Our not for profit businesses consist of three distinct verticals; the Capacity Building Trust, Policy

Advisory Group and the Corporate Social Responsibility Group, which also manages the Inclusive

Infrastructure Fund.

Capacity Building Trust »

This Trust works with government agencies at the Central & State levels to strengthen their capacity to

conceptualize tenders and manage Public Private Partnership projects. Their assignments include two

joint ventures with the Governments of Karnataka & Uttaranchal.

Policy Advisory Group »

The Policy Advisory Group provides thought leadership in rationalizing government policy and regulatory

frameworks. This includes research, identifying best practices, promoting dialogue on issues relating to

infrastructure development in India and related environment and social impacts.

Corporate Social Responsibility »

The Corporate Social Responsibility Group works across various functions on the IDFC platform. Its aim is

to ensure that the Company is continually working toward ensuring that its business processes and that

its practices are aligned with defined values and commitments.

Environment Management and Social Development Group: We work toward rigorous environment &

social due diligence and benchmarking our investments against best practices.

Administration: We implement the Internal Environment Policy and develop policy and implementation

strategy that ensures the highest standard of Health & Safety for all employees.

Human Resources: We work toward developing and implementing a Code of Conduct and fair & non-

discriminatory employment practices. We instigate a culture of volunteering amongst employees, which

is a key to IDFC emerging as a good corporate citizen.

Policy Advisory Group: We promote advocacy on inclusive infrastructure delivery and sustainability

issues and work towards catalyzing dialogue amongst stakeholders through advocacy and providing

thought leadership in the space.

Through IDFC Foundation, Corporate Social Responsibility is centered on making our business practices

more socially and environmentally responsible. Instead of focused on philanthropy, we have chosen to

throw the spotlight on integrating sustainability into business. Internally, even though the Company’s

operations do not have a significant environmental impact, we will strive to minimize it and reduce the

carbon footprint of our operations through resource efficiency and conservation.

The Group is continuously incorporating and integrating sustainability into all our interactions with

stakeholders, both internally and externally, evolving and responding to changes and working toward a

long term goal.  This is achieved through the following:

Addressing the environmental risk of our investments - IDFC is committed to meeting and developing

international best practices in addressing the environmental risk of each of our investments. We have a

dedicated Environment Management and Social Development Group working with customers to ensure

that all IDFC-funded projects meet our benchmarked standards.

Internal Environment Policy - Given the nature of business at IDFC, we do not have a significant impact

on the environment from our direct operations (other than energy use and travel for business). The

Internal Environment Policy will strive to reduce our carbon footprint across the group's operations

through resource efficiency and conservation.

IDFC is a Signatory Investor to the Carbon Disclosure Project

IDFC is a Signatory to the UN Global Compact and will ensure that all our activities meet our

benchmarked environmental and social standards.

IDFC's Funds Initiatives is the first Indian Signatory Investor to the UN Principles for Responsible

Investing (UNPRI)

The Corporate Social Responsibility Group will also focus on increasing the environmental and social

sensitivities of all our employees, maintaining our reputation for ethical and fair business practices and

improving transparency in our interactions with our stakeholders. Through our Inclusive Infrastructure

Fund, we will contribute to society by leveraging our core infrastructure expertise in three distinct ways:

Giving unbiased, pro bono policy advice to Government on key infrastructure-related policy issues

Building capacity within Government in procuring and managing public-private partnership

infrastructure projects

Funding and supporting inclusive infrastructure enterprises or projects that directly impact the

underprivileged and / or disadvantaged communities in India and have the ability to scale up or

replicate.