Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) was incorporated as a public limited company under the Companies Act, 1956 on 02.11.1993 with the objects to prepare, formulate and implement projects, schemes and programmes relating to infrastructure development in the urban areas of the state and to provide technical, financial, consultancy and other assistance to urban bodies for development, schemes, including implementation of master plans. Considering its expertise in project formulation, appraisal, management and implementation KUIDFC has been appointed as the Nodal Agency of the State for implementation of various urban infrastructure development projects in the state. KUIDFC has secured the status of State Level Financial Institution (SLFI) from the Government of India. The Directors, who are heading various principal departments / organizations of State Government involved in urban infrastructure development, are appointed by the Government of Karnataka. The Managing Director is the Chief Executive Officer of the Company functioning under the superintendence and control of the Board of Directors and is assisted by a team of professionals and officers from the state cadre.