IRFC was founded on 12 December 1986. It started borrowing from the market in 1987–88.
https://en.wikipedia.org/wiki/Indian_Railway_Finance_Corporation
https://in.investing.com/equities/indian-railway-finance
https://finance.yahoo.com/quote/IRFC.NS/profile?p=IRFC.NS
https://www.comparably.com/companies/alstom/mission
https://www.crunchbase.com/organization/indian-railway-finance