Indian Railway Finance Corporation was incorporated on December 12, 1986. The company is a dedicated market borrowing arm of the Indian Railways. The primary business of the company is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles, for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock components as enumerated in the Standard Lease Agreement,