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Managing Director's Message

Managing Director Image

IFFCO Kisan Finance obtained an NBFC licence in June, 2018 and commenced its journey with tractor loan product initially in Madhya Pradesh, Rajasthan and Uttar Pradesh. Gradually, it has added Bihar, Telangana, Andhra Pradesh, Haryana and Chhattisgarh in its area of operations.

As of end October, 2024, we have acquired around 103300 customers, all of them in rural and semi urban markets, and disbursed a sum of approximately Rs 4045 Crs to them.. With the exception of one year due to Covid-19, we have maintained a decent year on year business growth levels. We have leveraged technology to the maximum in achieving this performance.

While each of our disbursements is made after a face to face interaction with a customer at his/her farm or home, we do not collect any physical document from him/her except the formal loan agreement. All our loans are processed digitally helping us make a name for ourselves in having the fastest TAT for customer service. We are focused on engaging with our customers digitally, yet maintaining a close personal connect with them.

Our performance so far gives us the confidence and strength to diversify into new products. These include harvester combines, used Commercial vehicles, implements and wholesale loans in our portfolio. In the tractor portfolio, we shall continue to widen as well as deepen our presence across markets and keep enlarging the size of our field team in order to obtain higher volumes. Our technological focus also helps improve the productivity of our team in the field and keep our costs lower, the benefit of which is ultimately to be passed on to the customer.

In due course, we will offer small business loans to our customers and also expand our presence in dealer and vendor financing.

We will also continue to give high priority to adhere to systems and processes that are compliant with the ever changing regulations in the financial sector as well as with the best industry practices so as to lay a strong foundation for our future growth.

We are grateful to all our key stakeholders in this journey including our customers, employees, investors and lenders. Their continued support will help us achieve several more milestones in times to come

Ranjan Sharma

Managing Director

About IFFCO Kisan Finance

Managing Director Image

About IFFCO Kisan Finance

IFFCO Kisan Finance Ltd (Kisan Finance) is a company promoted by Indian Farmers Fertiliser Cooperative Limited (IFFCO), a unique organization working tirelessly for the farmers of the country for more than half a century. Founded in 1967 with just 57 cooperatives, it is today an amalgamation of over 36,000 cooperative societies with diversified business interests ranging from General Insurance to Rural Telecom apart from the core business of manufacturing and selling fertilisers. With every third bag of Urea and every fifth bag of complex fertilisers being produced or distributed by IFFCO, it has a commanding market share across the nation. IFFCO is well known as an ethical and transparent organisation, with the interest of the farming community being its sole focus.

Financial inclusion has been recognised as an essential driver behind sustained growth of the Indian economy as it helps uplift huge swathes of masses to a higher standard of living. Keeping this in mind, IFFCO promoted IFFCO Kisan Finance Ltd in December, 2017 order to provide highest quality of service to customers in a cost effective, efficient and ethical manner.

At IFFCO Kisan Finance, we strive for two goals:

  • Fulfilling Dreams: Our aim is to bring Financial Inclusivity to the last mile, by providing access to financial services to the rural population and helping our customers realize their dreams.
  • Transforming Lives: IFFCO Kisan Finance is committed to providing the highest quality of service to our customers in a cost-effective, efficient and ethical manner.

Our employees have a strong set of values and strive to work with the highest degree of professionalism and dedication, ensuring that they uphold the high standards IFFCO has maintained while serving rural India all these years

Our Journey

IFFCO Kisan Finance (Earlier known as Kisan Rural finance Limited) obtained an NBFC licence in July, 2018 and commenced its journey with tractor loan product initially in Madhya Pradesh, Rajasthan and Uttar Pradesh. Gradually, it has added Bihar, Telangana, Andhra Pradesh, Haryana and Chhattisgarh in its area of operations.

FY 2021-2022

  • Mar ‘22 started operations in – Haryana & Chhattisgarh
  • Harvester loan product rolled out
  • Wholesale Lending Product rolled out
  • AUM – 884.46 Cr

FY 2020-2021

  • Aug ‘21: started operations in Andhra Pradesh & Telangana
  • AUM of 600 Cr.
  • Disbursed 320 Cr

FY 2019-2020

  • Oct’19: started operations in Bihar
  • Jan’20: Name changed to IFFCO Kisan Finance Limited
  • Disbursed 408 Cr

FY 2018-2019

  • Jun’18: Got RBI License
  • Jul’18: Started operations in MP and RJ
  • Oct’18: Started operations in UP
  • Disbursed 143 Cr.

FY 2017-2018

Incorporated as Kisan Rural finance Limited on December 7th 2017.

FY 2021-2022

  • Mar ‘22 started operations in – Haryana & Chhattisgarh
  • Harvester loan product rolled out
  • Wholesale Lending Product rolled out
  • AUM – 884.46 Cr

FY 2020-2021

  • Aug ‘21: started operations in Andhra Pradesh & Telangana
  • AUM of 600 Cr.
  • Disbursed 320 Cr

FY 2019-2020

  • Oct’19: started operations in Bihar
  • Jan’20: Name changed to IFFCO Kisan Finance Limited
  • Disbursed 408 Cr

FY 2018-2019

  • Jun’18: Got RBI License
  • Jul’18: Started operations in MP and RJ
  • Oct’18: Started operations in UP
  • Disbursed 143 Cr.

FY 2017-2018

Incorporated as Kisan Rural finance Limited on December 7th 2017.

FY 2021-2022

  • Mar ‘22 started operations in – Haryana & Chhattisgarh
  • Harvester loan product rolled out
  • Wholesale Lending Product rolled out
  • AUM – 884.46 Cr

FY 2020-2021

  • Aug ‘21: started operations in Andhra Pradesh & Telangana
  • AUM of 600 Cr.
  • Disbursed 320 Cr

FY 2019-2020

  • Oct’19: started operations in Bihar
  • Jan’20: Name changed to IFFCO Kisan Finance Limited
  • Disbursed 408 Cr

FY 2018-2019

  • Jun’18: Got RBI License
  • Jul’18: Started operations in MP and RJ
  • Oct’18: Started operations in UP
  • Disbursed 143 Cr.

FY 2017-2018

Incorporated as Kisan Rural finance Limited on December 7th 2017.

Mission

Our aim is to bring Financial Inclusivity to the last mile, by providing access to financial services to the rural population and helping them realize its dreams.

Vision

IFFCO Kisan Finance is committed to providing the highest quality of service to our customers in a cost-effective, efficient and ethical manner. Our committed service is making a self-reliant rural India a reality.

Values

TRUST
* Fair to customer fair to employee * Compliance of highest standards * Customer centric
INNOVATION
* Continued improvement * Staying unique * Product leadership
EMPOWERMENT
* Productive teams * Foster Entrepreneurial culture * Zero NVA's
DELIVERY
* Accountability * Consistent growth * Return on Capital

Board of Directors

We are committed to provide highest quality of service our customers

 Dr. U. S. Awasthi

Dr. U. S. Awasthi

CHAIRMAN

Mr. Rakesh Kapur

Mr. Rakesh Kapur

DIRECTOR

Mr. Manish Gupta

Mr. Manish Gupta

DIRECTOR

Mr. Devender Kumar

Mr. Devender Kumar

DIRECTOR

Mr. Du-Sun Hwang

Mr. Du-Sun Hwang

DIRECTOR

Mr. P. H. Ravikumar​

Mr. P. H. Ravikumar​

DIRECTOR

Ms. Leena Nair

Ms. Leena Nair

INDEPENDENT DIRECTOR

 Mr. Ranjan Sharma

Mr. Ranjan Sharma

MANAGING DIRECTOR

Management Team

Mr. Anjaneya Prasad

Mr. Anjaneya Prasad

Chief Executive Officer

Mr. Rakesh Dhasmana

Mr. Rakesh Dhasmana

Chief Financial Officer and Head - Human Resources

Mr. Dhiraj Gupta

Mr. Dhiraj Gupta

National Credit Manager

Mr. Sunil Menon

Mr. Sunil Menon

National Sales Head

Mr. Rajeev Tomar

Mr. Rajeev Tomar

Chief Technology Officer

Group Entities

We are committed to provide highest quality of service

Our Products ImageIFFCO Mitsubishi Crop Science Pvt. Ltd.
Our Products ImageINDIAN POTASH LIMITED
Our Products ImageCN IFFCO PVT. LTD.
Our Products ImageIFFCO Kisan Sewa Trust
Our Products ImageIFFCO KISAN SEZ LTD.
Our Products ImageIndian Farm Forestry Development Cooperative Limited
Our Products ImageSIKKIM IFFCO ORGANICS LTD.
Our Products ImageCooperative Rural Development Trust
Our Products ImageIFFCO eBAZAR LTD.
Our Products ImageIFFCO Kisan Suvidha Limited
Our Products ImageIFFCO TOKIO GENERAL INSURANCE COMPANY LIMITED
Our Products ImageINDUSTRIES CHIMIQUES DU SENEGAL
Our Products ImageJORDAN INDIAN FERTILISER COMPANY
Our Products ImageKISAN INTERNATIONAL TRADING FZE
Our Products ImageNATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED
Our Products ImageOMAN INDIA FERTILISER COMPANY SAOC

Life Insurance

Life Insurance

Life Insurance

Our company partners provide Life Insurance plans that cover the insured member and assist their families in case of any unfortunate event of death. Through our partners we provide a onetime premium based life insurance policy which is valid for the entire duration of the loan. The plan works in a simple manner where the member just has to choose the coverage term, pay the premium and stay protected.

  • Attractive pricing
  • Speedy processing: issuance as well claim