About IIFL

Our Genesis - Who We Are

IIFL is a financial services conglomerate which was started by a group of passionate entrepreneurs in 1995. The genesis of IIFL lies in the power of dreaming big and believing in your dreams.

IIFL was the pioneer in the retail broking industry with its launch of 5paisa trading platform which offered the lowest brokerage in the industry and the freedom from traditional ways of transacting. Our strength has been to continuously innovate and reinvent ourselves. IIFL’s evolution from an entrepreneurial start-up in 1995 to a full range diversified financial services group is a story of steady growth by adapting to the dynamic business environment, without losing focus on our core domain of financial services.

Today, IIFL Holdings Limited (Bloomberg Code: IIFL IN, NSE: IIFL, BSE: 532636) is India’s leading integrated financial services group with diverse operating businesses, mainly, Non Banking and Housing Finance, Wealth and Asset Management, Financial Advisory and Broking, Mutual Funds and Financial Product Distribution, Investment Banking, Institutional Equities, Realty Broking and Advisory Services.

IIFL serves more than 4 million satisfied customers across various business segments and is continuously building on its strengths to deliver excellent service to its expanding customer base.

cr
($861 mn)

Networth

lac+
 

Customers

Latest Feats

Best Private Banking Services. Overall in India 2017- Euromoney.
ET Best BFSI Brands Recognition.
Digital Innovation Champion Award – CIO Crown 2016.

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.

 

Mission 2020

From an entrepreneurial start-up in 1995, we have steadily grown to emerge as one of India’s leading financial services group. Ever since our inception, our strategy has been to align our capabilities and market insights to the country’s rapidly changing business environment. Our growth trajectory has only served to reinforce our focus on our domain of financial services.

Doubling

  • Revenue - 2X
  • Net Profit - 2.5X
  • Over FY16 - FY20
  • FY16 to FY20 - Doubling of revenue and 2.5x profit and target to raise ROE from 17.3% to 24%
  • Adequately capitalized to sustain volume growth
  • Margin improvement to be driven by
    • Rating upgrade to help lower cost of funds
    • circleCost optimization

Durability

Reducing volatility and cyclicality of earnings in all businesses

  • NBFC - Retail Lending, Digital Delivery
  • Wealth - Focus on advisory mandate for customer stickiness
  • Broking - Online retail. Research driven Institutional

De-risking

Diversifying revenue sources with focus on financial services

  • Diversified asset mix, geographically well spread
  • Broadening service offerings
  • Best-in-class risk management framework
  • Scale & digitization to bring costs down
 

*The information is based on management’s internal goals and is subject to change without notice. The actual performance can be materially different.

 

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.

Our Businesses

Our offerings are divided into four operating businesses to comply with all applicable regulators.

NBFC

  • A diversified financing company, offering home loan, loan against property, gold loan, commercial vehicle finance, loan against securities, SME business loan and Micro finance.
  • Assets Under Management of Rs 349 billion as on March 31, 2019

Housing Finance Company

  • Offers affordable financing solutions and retail home loan.
  • Focuses on priority sector customers for home loan and loan against property.

Global Footprint



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. R Venkataraman

Mr. R Venkataraman

Managing Director

Mr. R. Venkataraman is the Co-Promoter and Managing Director of the Company. He holds Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bangalore and Bachelor in Electronics and Electrical Communications Engineering from IIT Kharagpur. He joined the Company’s Board in July 1999. He has been contributing immensely in the establishment of various businesses and spearheading key initiatives of the group over the past 20 years. He previously held senior managerial positions in ICICI Limited, including ICICI Securities Limited, their investment banking joint venture with J P Morgan of US and Barclays – BZW. He worked as an Assistant Vice President with G E Capital Services India Limited in their private equity division. He has a varied experience of more than 28 years in the financial services sector.

Mr. A. K. Purwar

Mr. A. K. Purwar

Independent Director

Mr. Purwar is currently the Chairman of Tadas Wind Energy Private Limited as well as Eroute Technologies Private Limited. He also works as an independent director in leading Companies across diverse sectors, viz. Power including Solar, Wind, Thermal & Gas based power projects, Steel, Pharmaceuticals, Telefilms, Engineering Consultancy, Financial Services as well as Fintech. He also acts as an Advisor to Mizuho Securities, Japan. Mr. Purwar was the Chairman of State Bank of India the largest Bank in the country from November, 2002 to May, 2006. He held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of Tokyo Branch covering almost the entire range of commercial banking operations in his long and illustrious career at the Bank. He was also associated in setting up of SBI Life. Mr. Purwar also worked as Chairman of Indian Bank Association during 2005-2006. He has received CEO of the year Award from The Institute of Technology and Management (2004), "Outstanding Achiever of the year" award from Indian Banks' Association (2004) "Finance Man of the Year" Award by the Bombay Management Association in 2006.

Mr. Chandran Ratnaswami

Mr. Chandran Ratnaswami

Non-Executive Director

Mr. Chandran Ratnaswami, is a Non-Executive Director of the Company. He is the Managing Director of Hamblin Watsa Investment Counsel Limited, a wholly owned investment management company of Fairfax Financial Holdings Limited. He is a director and CEO of Fairfax India Holdings Corporation. Mr. Ratnaswami serves on the Boards of, among others, Quess Corp Limited, Bangalore International Airport Limited, National Collateral Management Services Limited, Go Digit General Insurance Limited, Thomas Cook (India) Limited, Fairbridge Capital Private Limited in India, Zoomer Media, Fairfax India Holdings Corporation in Canada, Thai Reinsurance, Thailand, and Fairfirst Insurance Limited, Sri Lanka. Mr. Ratnaswami holds a Bachelor’s degree in Civil Engineering from IIT Madras, India and MBA from the University of Toronto, Canada.

Ms. Geeta Mathur

Ms. Geeta Mathur

Independent Director

Ms. Geeta Mathur is a Chartered Accountant and a graduate in commerce from Shriram College of Commerce, Delhi University. She specialises in the area of project, corporate and structured finance, treasury, investor relations and strategic planning. She started her career with ICICI, where she worked for over 10 years in the field of project, corporate and structured finance. She represented ICICI on the Board of reputed companies such as Eicher Motors, Siel Limited etc. She is the co-chair for the India Chapter of Women Corporate Directors Foundation, a global organisation working towards increasing the participation of women on corporate boards and board leadership position.

Mr. Vijay Kumar Chopra

Mr. Vijay Kumar Chopra

Independent Director

Mr. Vijay Kumar Chopra is a fellow member of the Institute of Chartered Accountants of India. He was the whole-time member of SEBI for two years; prior to that he has been a career banker and has held several top positions during his 36 years of experience in banking industry. Some of his accomplishments include being the Chairman and Managing Director in Corporation Bank and SIDBI, 3 years as an Executive Director in Oriental Bank of Commerce and 31 years in various capacities in Central Bank of India.

Mr. Nilesh Vikamsey

Mr. Nilesh Vikamsey

Independent Director

Mr.Nilesh Vikamsey is a senior partner at Khimji Kunverji & Co LLP, an 82-year-old Chartered Accountants firm (converted to LLP w.e.f. 08-05-2019) and member firm of HLB International. He is presently Member of the Advisory Committee on Mutual Funds & Corporate Governance Committee of Securities and Exchange Board of India (SEBI), Quality Review Board established by the Government of India under the Chartered Accountants Act, 1949, Risk Management Committee of Central Depository Services (India) Limited (CDSL), and Subgroup formed by Audit Committee of Coal India Limited (CIL) to consider revaluation of assets of CIL and its subsidiaries as on March 31, 2019.     He is the Past President of the Institute of Chartered Accountants of India (ICAI). He was an observer on board of International Federation of Accountants and Member of IFAC’s Technology Advisory Group. He was a member of IRDA. He was chairman of SEBI’s Qualified Audit Report Committee and member of Corporate Governance Committee chaired by Uday Kotak, Primary Market Advisory Committee and Committee on Disclosures and Accounting Standards.       He is a speaker/ Chairman, at various seminars, meetings, lectures held by various Committees, Regional Councils, Branches & Study Circles of ICAI, Bankers Training College of RBI, Comptroller & Auditor General of India (C&AG) and various other organizations.

Mr. Nagarajan Srinivasan

Mr. Nagarajan Srinivasan

Non Executive Director

Mr. Nagarajan Srinivasan is a Managing Director and Head–Asia of CDC India, a wholly owned subsidiary of CDC Group Plc., London, based in Bangalore since 2013. This relates to all CDC’s investments in South Asia for its three lines of activity; Fund of Funds, Direct Equity investments and Debt/Structured Finance. He joined Commonwealth Development Corporation, London in 1990, and was seconded to Africa where he served for about 8 years. He moved to India in 1998 and worked for Actis Private Equity Fund. He has been on the board of several companies as Director and currently he is on the Boards of 9 of the investee companies in India.     Mr. Nagarajan Srinivasan holds MA (Economics) from Madras University and PGDBM from Warwick School of Business and Leadership program from Harvard Business School.

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