The Industrial Finance Corporation of India (IFCI), established in 1948, is independent India's first Development Financial Institution (DFI). Today, it operates as a Public Sector NBFC under the Ministry of Finance, playing a critical role in financing large-scale infrastructure and manufacturing projects. For finance professionals, CAs, and MBAs, IFCI offers a sophisticated career path at the intersection of government policy and corporate lending. As a Project Management Agency (PMA) for various Production Linked Incentive (PLI) schemes, IFCI is a gateway for those looking to drive the "Atmanirbhar Bharat" mission through technical and financial evaluation.
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About Industrial Finance Corporation of India (IFCI)
The Industrial Finance Corporation of India (IFCI) was incorporated on 1st July 1984, by Government of India as a first Development Financial Institution in the Country. The IFCI was established to carter the long term financial needs of the Industrial Sectors.
The prime objective of Industrial Finance Corporation of India (IFCI) is to provide medium and long term financial assistance to large scale industrial, particularly when ordinary bank accommodation does not suit to finance cannot be profitable raised by the concerned by the issue of shares.
The Industrial Finance Corporation of India (IFCI) undertaking Services like, Financial Products, Project Development, Corporate Advisory Services, Agency for Sugar Development Fund, Debenture Trustee, etc.
Industrial Finance Corporation of India (IFCI) offers recruitment for the post of, Manager (Security) / Junior Manager (Estate) / Assistant Manager (Loan) / Probationary officer / Senior Scale Officer / Office Attendant / Assistant Officer (Multipurpose) / Peon / Security Guard, etc.
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This organization has released 4 recruitment notifications in the last 3 years.
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About IFCI Careers
| Feature | Organization Details |
| Organization Type | Public Sector NBFC (Govt. of India Enterprise) |
| Headquarters | New Delhi |
| Primary Entry Gate | Direct Recruitment Exams / Shortlisting & Interview |
| Salary Range | ₹60,000 - ₹2,20,000 (Approx. Gross based on Grade) |
🏛️ Organization Overview
IFCI Limited is a Systemically Important Non-Deposit taking NBFC that has pivoted from a traditional term-lending institution to a modern financial consultant and project monitor for the Government of India.4 With over 75 years of legacy, it has funded iconic projects in sectors like telecommunications, airports, and renewable energy.5 It currently acts as a nodal agency for monitoring high-stakes schemes like the Sugar Development Fund and various PLI Schemes (Mobile manufacturing, Medical devices, etc.).6+2
Working at IFCI is distinct from retail banking; it involves high-value corporate credit, stressed asset management, and technical consultancy. Employees operate from the iconic IFCI Tower in Nehru Place, New Delhi, or from key regional hubs.7 The culture is one of "Development Finance," where financial expertise is used to build the nation's industrial backbone.
💼 Key Job Profiles (Evergreen Roles)
- Assistant Manager (Grade A): The entry-level officer role focusing on credit appraisal, financial modeling, and initial project screening.
- Manager (Finance/Technical): Mid-level professionals responsible for the end-to-end monitoring of PLI schemes, forensic audits, and legal compliance.
- Senior Associate (Contractual): Specialized technical roles in emerging sectors like Advanced Chemistry Cells (ACC) or Green Hydrogen, often hired for specific government advisory projects.8
- Legal Officer: Dedicated roles for managing recovery proceedings, documentation of large loans, and representing IFCI in NCLT matters.
💰 Salary & Employee Benefits
IFCI offers a competitive pay structure, typically aligned with PSU officer grades or IDA (Industrial Dearness Allowance) patterns.
- Pay Structure: Assistant Managers start at a basic pay level equivalent to Grade A in PSBs, with total CTCs often ranging from ₹12 Lakhs to ₹18 Lakhs per annum.
- Allowances: Includes Dearness Allowance (DA), HRA (27% in Delhi), Conveyance Allowance, and Professional Development Allowance.
- Health & Security: Comprehensive medical coverage for self and dependents, Group Term Life Insurance, and accident insurance.9
- Work-Life Perks: Access to holiday homes in major tourist destinations, in-house fitness centers at the corporate office, and a structured learning and development (L&D) program.
🎯 Selection Process
IFCI generally follows a streamlined selection process to ensure technical competency:
- Application Screening: Candidates are shortlisted based on academic merit (60% minimum in most roles) and professional qualifications (CA/CFA/ICWA/MBA).
- Written/Online Test: For junior grades, a test covering Quantitative Aptitude, Reasoning, and Professional Knowledge (Finance/Economy) is conducted.
- Group Discussion (GD): Used for managerial roles to assess leadership and communication skills.
- Personal Interview: The final stage where a panel of experts evaluates the candidate's domain expertise and fit for the organization's developmental mission.
💡 Expert Tips: How to Crack IFCI Exams
- Master Corporate Finance: Focus heavily on Ratio Analysis, Cash Flow Statements, and Project Appraisal techniques (NPV/IRR). IFCI’s core business is long-term project financing.
- Understand PLI Schemes: Since IFCI is a Project Management Agency, staying updated on the Production Linked Incentive guidelines for various sectors will give you a massive edge in interviews.10
- Professional Certification: Candidates with a Chartered Accountant (CA) designation or an MBA in Finance from top-tier institutes are preferred for credit and advisory roles.11
Mandatory Disclaimer: All details are sourced from official notifications. MySarkariNaukri.com provides informational guidance only and is not affiliated with any government agency.
Verification Source: Verify at: https://www.ifciltd.com/careers
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