A financial conglomerate and registered with the Reserve Bank of India as an NBFC (Non-Banking Financial Company). It primarily operates as a holding company with investments in IDFC Financial Holding Company Limited. IDFC was originally focused on infrastructure development financing but has since evolved into an NBFC-Investment Company. IDFC First Bank, a subsidiary of IDFC, is a private sector bank focusing on retail and wholesale banking, digital banking, and treasury operations.