Our History

In the past two decades, IIFL has built a deeply entrenched network catering to retail customers in over 2,000 business locations across India. We deliver a broad array of financial services through our network of branches, sub-brokers and franchisees, which are complemented by our call centres, online and mobile channels. Our reach in 24 states across India brings us closer to our customers enabling us to address their needs quickly and efficiently.

A glimpse into our journey so far

1996

Inception

A small group of passionate individuals formed Probity Research and Services Pvt. Ltd, an Information Services Company in October 1995 with a vision to produce high quality, unbiased, independent research on the Indian economy, business, industries and corporates.

Originally incorporated as Probity Research and Services Pvt. Ltd., the name of the company was later changed to India Infoline Ltd.

1996
1997

Focus on high quality research

The quality of the research soon resulted in a client list that read like a who's who of Indian business and finance, from Hindustan Lever to Tatas, from Crisil to McKinsey, from SBI to Citibank.

1997
1998

Leading FIIs, brokers, banks and companies were immediate subscribers

We launched our research products - Probity 200 Company Reports, followed by Economy Probe, Sector Reports covering Pharmaceuticals, Information Technology, Oil & Gas and FMCG among others.

1998
1999

The launch of www.indiainfoline.com

The genesis of India Infoline stemmed from the thought that if all this research were to be available free on the internet, the number of users would leapfrog straight from hundreds to millions. We took the plunge and www.indiainfoline.com was born. CDC was the first private equity firm to invest in India Infoline funding us to the tune of US$1mn.

1999
2000

Launched online trading through www.5paisa.com

We received growth capital from Intel and others in this year of 'dot-com euphoria' becoming one of the pioneers of online trading, with the launch of 5paisa.com, a paradigm shift, with full service brokerage at 0.05% when the industry was at 1-1.5%.

2000
2001

Dot com bust - and preparations for better times

The 'internet bubble' which grew at an alarming pace, reached a saturation point, finally bursting and funding just vanished. We persevered, nevertheless, with laying the foundations of our distribution business, becoming India's first Corporate Agent for Insurance, tying up with ICICI Prudential Life Insurance.

2001
2002

Survival of the fittest

There was global gloom. The internet bubble burst, the economy witnessed a slowdown and the stock market was paralysed by the Ketan Parekh scam. We conserved resources, focused on survival and avoided any distractions, which were away from our core competencies i.e. financial services.

2002
2003

Trader Terminal - Our proprietary software to revolutionize online trading

Convinced that technology was a game changer, we launched our 'Trader Terminal', a pioneering technology built over 3 years, our retail investor's very own Bloomberg. The product became an instant hit and remains sought after till date.

2003
2004

Our commodities license

While offering commodities broking to retail investors, we discovered the connection between transactional and advisory expertise. Over the years, our business model has been de-risked and is no longer dependent on cyclical capital markets.

2004
2005

Listing on NSE and BSE, our maiden IPO

Listing on the NSE and BSE gave impetus and momentum to expansion, scaling up and funding and we went full steam ahead with our IPO at Rs 15.2 (adjusted for split) and shareholders received Rs 15.7 by way of dividend.

2005
2006

Commencement of our lending business

This was another major move for our group - from fee-based to fund-based business. From a modest beginning with all processes and controls, the NBFC was later to become the most dominant business line.

2006
2007

From retail to wholesale - Institutional Equities begin with a bang

A high profile institutional team from the then leading foreign brokerage house joined us in what was a first deal of its kind in the Indian broking industry, making IIFL the port of first call for FIIs and DIIs.

2007
2008

Launch of IIFL Private Wealth Management

IIFL Wealth's business model, in contrast to the traditional industry's practice of driving revenues through distribution and commission, focuses on advisory fees as core income, ensuring alignment of interests with those of our clients.

2008
2009

Enterprising India

Our first global investor conference, Enterprising India, held in 2009-10, received an overwhelming response. It was attended by 450 fund managers, 67 corporates and thought leaders like Jim Walker, David Bloom and Brahma Chellany among others.

2009
2010

Commenced Gold Loan business

IIFL began with the gold loan business in 2010 diversifying the product portfolio. Previously in 2009, we registered with NHB for housing finance business.

2010
2011

The Launch of IIFL Mutual Fund

We incorporated the IIFL Asset Management Company, and in doing so, ensured our coverage of the entire gamut of financial services.

2011
2012

Announcing the Real Estate Fund

A debt and equity linked investment instrument, this fund's focus is on affordable residential segments in the top seven cities in India. The maiden fund raised Rs 5bn, as testimony to our customer's trust.

2012
2013

The biggest AIF, an all time high income and profits

We launched AIF raising Rs 6.28 bn, the largest AIF fund in India, till date.

2013
2014

Set up advisory services for succession and estate planning in IIFL Wealth Management

We created a niche by providing bespoke solutions in areas of succession planning, asset protection and administration services integrated with its family office proposition.

2014
2015

Launched mobile trading platform

We launched IIFL Markets, stock trading mobile application in February 2015. It is the highest rated (4.4) and most downloaded stock trading app on Android and IOS amongst peers.

2015
2016

IIFL finds backing by marquee institutional investors

Fairfax Group belonging to the reputed global investor Mr. Prem Watsa of Canada invested Rs. 13,414 million (US$ 202 million) by a secondary purchase of IIFL Holdings shares through an open offer.

CDC Group plc, the United Kingdom’s development finance institution, invested Rs. 10,050 million (US$ 150 million) in the NBFC subsidiary, India Infoline Finance Ltd.

General Atlantic, leading global growth equity firm, invested Rs. 9,038 million (US$ 134 million) in IIFL Wealth Management Ltd through fresh issue of equity shares and additionally Rs. 1,591 million (US$ 23 million) for the acquisition of shares from employees of IIFL Wealth.

2016

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