About IIFL

Our Genesis - Who We Are

IIFL Finance Ltd (erstwhile IIFL Holdings Limited) (NSE: IIFL, BSE: 532636) is one of the leading players in the Indian financial services space, engaged in the business of loans and mortgages along with its subsidiaries - IIFL Home Finance Limited and Samasta Microfinance Limited

IIFL’s product offerings include home loans, gold loans, business loans including loans against property and medium and small enterprise financing, micro finance, developer and construction finance and capital market finance; catering to both retail and corporate clients.

The company's geographical presence spans the length and breadth of the country with 2,366 branches across 500+ cities.

IIFL Home Finance Limited, a company incorporated under the Companies Act, 1956 (CIN:U65993MH2006PLC166475) and registered as a Housing Finance Company with the National Housing Bank vide Certificate of Registration (COR) No. 02.0070.09 dated February 3, 2009. The Company is a subsidiary of IIFL Finance.

IIFL Securities is a key player in both retail and institutional segments with 4% share of daily cash turnover. Our strength has been to continuously innovate and reinvent ourselves with strong digital footprint. The company is a leading player in the broking industry with more than a million accounts being opened since inception. The company provide execution, advisory and research service across products like equity, F&O, Commodity& Currency and Mutual Funds. The company also of the top distributors of AIF products, mutual funds.

IIFL Wealth is one of the fastest growing private wealth management firms in India with an AUM greater than USD 24 billion**. We serve the highly specialized and sophisticated needs of high net worth and ultra-high net worth individuals, affluent families, family offices and institutional clients through a comprehensive range of tailored wealth management solutions.

Group reorganisation

The Board of Directors of IIFL Finance Limited at its meeting held on January 31, 2018, had approved the reorganization of IIFL Group, which resulted into three listed entities – IIFL Finance, IIFL Wealth and IIFL Securities. The merger of India Infoline Finance Limited with IIFL Finance Limited became effective from 30th March 2020.

As the core businesses of IIFL group have acquired a critical mass, the Company took the decision to reorganise the corporate structure and create independent entities focused on their niche verticals. This move is aimed at enabling each business to grow faster, attract the right talent and become more innovative and efficient. In addition, the shift from close-knit conglomerate to separate entities will ensure simpler regulatory compliance, enhanced value for stakeholders along with more synergistic benefits.

Vision

 

To be the most respected financial services company in India.

 

- Not necessarily the largest or most profitable

Values Values

Fairness

Fairness in our transactions with all stakeholders including employees, customers, and vendors, bereft of fear or favour.

Integrity

Integrity and honesty of the utmost nature, in letter, in spirit, and in all our dealings with people, internal or external.

Transparency

Transparency in all our dealings with stakeholders, media, investors, and the public at large.


We have come this far solely based on our core values serving as a moral compass in all our dealings. Fairness, Integrity and Transparency - FIT is the driving force behind all that we do here at IIFL. We only work with people who fit into our professional ethos. Our constant endeavour is to deliver befittingly on all fronts to all our stakeholders. We are resolute in the observance of these values and will let go of any growth opportunities that deem unfit.

IIFL - Foundation of Excellence

At IIFL, we have laid the right foundation for excellence under our four pillars of Research, Technology, Human Capital and unflinching adherence to the strictest standards of Ethics and Compliance.

Research

Research

Our genuine strength and legacy of hiring and grooming the best research minds with sharp analytical acumen, distinguishes us from the competition. Research is at the core of everything we do. It is a way of life and behaviour.

Technology

Technology

Delivering disruptive products with the use of innovations in technology are what customers have come to expect from us and we take great pride in staying ahead of the curve in discovering the latest trends and implementing them in business.

Human Capital

Human Capital

We have never underestimated the power of human capital. If anything, we have always emphasised and endorsed the power of building a human connect. People continue to be our strength, support and are the backbone on which we have built our business

Ethics & Compliance

Ethics & Compliance

A global environment, characterised by tightening compliance standards, is our competitive advantage. We adhere to and ensure the strictest standards of ethics and compliance in all our dealings with our customers, building and promoting a transparent, fair and unbiased culture of equality and honesty in all our business transactions.

 

Mr. Nirmal Jain

Mr. Nirmal Jain

Chairman

Mr. Nirmal Jain is the founder and Chairman of the Company. He holds a PGDM (Post Graduate Diploma in Management) from the Indian Institute of Management (IIM), Ahmedabad and is a rank holder Chartered Accountant and a Cost Accountant. He started his career in 1989 with Hindustan Lever Limited. He founded Probity Research and Services Private Limited (later renamed as India Infoline Limited) in 1995; one of the first independent equity research companies in India. He was instrumental in steering the groups foray into various financial sector activities that have grown over the years into significant businesses in terms of net worth and profitability. Under his leadership, IIFL Group has attainted its position as a dominant and diversified player in the financial services space over the past 24 years.

Mr. Sumit Bali

Mr. Sumit Bali

CEO and Executive Director, India Infoline Finance Limited

Mr. Sumit Bali was previously the Senior Executive Vice President at Kotak Mahindra Bank, where he was leading the Bank’s lending businesses including Home loans, LAP, Secured working capital for small Businesses, Business loans, Credit cards, Loans against Shares and salaried personal loan business. He was managing an overall book size of over Rs 54,000 cr. Prior to this role, Mr. Bali was the CEO of Kotak Mahindra Prime Limited in addition to leading certain secured and unsecured businesses in the Bank. Over the last 10 years, he has also been a member of the Kotak Leadership team whose objective was to strategize and set the future direction for the entire group. Mr. Bali has done his MBA from IIM Ahmedabad and BA Maths from St Stephen’s college in Delhi.

Mr. Rajesh Rajak

Mr. Rajesh Rajak

Chief Financial Officer

Mr. Rajesh comes with more than 22 years of work experience in the Financial Sector. Prior to this, he was working as Senior Vice President with HDFC Bank Ltd., where he has been for the past 14 years, heading the Business Finance function across all business of the Bank. Mr. Rajesh has also worked with IDBI Bank, Union National Bank- UAE and Ernst & Young.

Mr. Gajendra Thakur

Mr. Gajendra Thakur

Company Secretary

He has 15 years of experience in the Legal, Secretarial and Compliance function. Prior to joining IIFL, he has worked with Reliance Capital Asset Management Ltd [AMC of Reliance Mutual Fund] as the Company Secretary for 3 years and Centrum Capital Limited for 6 years as the Company Secretary of the Company. He also held various positions in Rajratan Global Wires Limited and Satish Jain & Company, prior to joining Centrum.

Mr. Anujeet Kudva

Mr. Anujeet Kudva

Head - Internal Audit & Operational Risk

He has 13 yrs of experience in Corporate Investigations, Internal Audit, Litigation, Operational risk, Arbitration, Risk Assessment and Compliance Management. Prior to joining IIFL, he was associated companies like Edelweiss Financial Services, Pricewaterhouse Coopers & Mahajan & Aibara Chartered Accountants

Mr. B. S. Amarnath

Mr. B. S. Amarnath

Treasurer

Prior to joining IIFL, Mr. Amarnath was associated with Mahindra and Mahindra Financial Services for 14 yrs and has handled various roles; the last as a Business Head – Retail Treasury & Mutual Fund. He was also a member of ALCO Committee and the Risk & Liquidity Management Committee where he closely worked with the Board of Directors towards ALM Management. Prior to that, he was associated with Mahanagar Cooperative Bank Ltd.

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