Indian Railway Finance Corporation is a public sector undertaking majority-owned by the Government of India, operating under the administrative control of the Ministry of Railways. The President of India, acting through the Ministry of Railways, holds a dominant controlling stake exceeding eighty-six percent of the company's total paid-up equity share capital. The remaining equity shares are distributed publicly among retail investors, domestic institutional funds, mutual funds, and foreign portfolio investors who trade its shares on major Indian stock exchanges. As a central public sector enterprise, its strategic decisions and borrowing mandates closely align with national transportation policies and railway infrastructure funding requirements.