Established in 1997 and headquartered in Mumbai, India, IDFC Limited functions as an Indian non-banking financial investment enterprise. The company's primary asset is a significant investment in IDFC FIRST Bank, held and managed through its subsidiary, IDFC Financial Holding Company Limited. Historically, IDFC was active in a diverse range of financial sectors, encompassing asset management, fastag services, cash management, wealth advisory, wholesale and retail lending, as well as the distribution of insurance and mutual fund products. Originally incorporated as Infrastructure Development Finance Company Limited, the firm officially adopted its current name, IDFC Limited, in July 2012.