Indian Railway Stations Development Corporation

Indian Railway Stations Development Corporation
Company typeSpecial purpose vehicle
IndustryRailway infrastructure
Founded12 April 2012 (2012-04-12)[1]
Defunct18 October 2021 (2021-10-18)
FateDissolved
HeadquartersKonnectus Building, Bhavbhuti Marg, ,
India[2]
Area served
India
Key people
  • Sanjeev Mittal (Chairman)
  • S. K. Lohia (MD & CEO)[3]
RevenueIncrease4,929.29 lakh (US$5.9 million)[4] (FY2020)
Increase428.66 lakh (US$510,000)[4] (FY2020)
Increase307.73 lakh (US$370,000)[4] (FY2020)
Total assetsIncrease21,673.35 lakh (US$26 million)[4] (FY2020)
Total equityIncrease15,453.95 lakh (US$19 million)[4] (FY2020)
OwnersAdani Enterprises- 100%[1]
Subsidiaries
  • Gandhi Nagar Railway and Urban Development Corporation
  • Surat Integrated Transportation Development Corporation Limited[5]
Websiteirsdc.in

Indian Railway Stations Development Corporation Limited (IRSDC) was a special purpose vehicle owned by the Rail Land Development Authority (RLDA), Ircon International and RITES. All three companies are owned by the Indian Ministry of Railways. IRSDC was incorporated on 12 April 2012.[1]

On 18 October 2021, as part of a measure to rationalise railway bodies, the Railway Board announced that it would shut down IRSDC, and transfer the stations under its management to the respective zonal railways.[6]

  1. ^ a b c "About the Company/Organisation". Indian Railway Stations Development Corporation Limited. Retrieved 19 October 2021.
  2. ^ "Contact Us". Indian Railway Stations Development Corporation Limited. Retrieved 19 October 2021.
  3. ^ "Board of Directors". Indian Railway Stations Development Corporation Limited. Retrieved 19 October 2021.
  4. ^ a b c d e "Annual Report 2019-20" (PDF). ISRDC. Retrieved 19 October 2021.
  5. ^ "Subsidiaries and Group Companies". Indian Railway Stations Development Corporation Limited. Retrieved 19 October 2021.
  6. ^ "Indian Railways to Shut Stations Development Corporation". News18. 19 October 2021. Retrieved 19 October 2021.