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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.

($600 mn+)




Latest Feats

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



To be the most respected financial services company in India.


- Not necessarily the largest or most profitable

Values Values


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


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


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.


  • 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


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


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.



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.



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.


  • A diversified financing company, offering home loan, loan against property, gold loan, commercial vehicle finance, medical equipment finance, loan against securities, SME business loan and Micro finance.
  • Assets Under Management of Rs 233 billion as on June 30, 2017

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

Nirmal Jain


Mr. Nirmal Jain is the Founder and Chairman of IIFL Holdings Limited. He started his career in 1989 with Hindustan Lever Limited, handling a variety of responsibilities, including export and trading in agro-commodities. He contributed immensely towards the rapid and profitable growth of Hindustan Lever's commodity export business. He founded Probity Research and Services Pvt. Ltd., later re-christened India Infoline, in 1995; perhaps the first independent equity research Company in India. His work set new standards for equity research in India. Mr. Jain was one of the first entrepreneurs in India to seize the internet opportunity, with the launch of www.indiainfoline.com in 1999. Under his leadership, IIFL Holdings not only steered through the dotcom bust and one of the worst stock market downtrends but also grew from strength to strength. Mr. Jain’s educational background is equally noteworthy. He holds a Bachelor in Commerce from the University of Mumbai and a Post Graduate Diploma in Management (PGDM) from the Indian Institute of Management (IIM), Ahmedabad. He is also a Fellow Member of the Institute of Chartered Accountants of India (held the 2nd rank) and a Cost Accounting rank-holder.

R Venkataraman

Managing Director

Mr. R. Venkataraman is a Co-Promoter and the Managing Director of IIFL Holdings Limited. Before joining the Board of IIFL Holdings Limited in July 1999, he has held senior managerial positions in ICICI Limited, including ICICI Securities Limited, their investment banking joint venture with J P Morgan of US, BZW and Taib Capital Corporation Limited. He has also served as the Assistant Vice President of G E Capital Services India Limited in their private equity division and possesses diverse experience of more than 22 years in the financial services sector. Mr. Venkataraman holds a Bachelor in Technology (B.Tech) in Electronics and Electrical Communications Engineering from the renowned Indian Institute of Technology (IIT), Kharagpur and a Post Graduate Diploma in Management from the Indian Institute of Management (IIM), Bangalore.

A K Purwar

Independent Director

Former Chairman, State Bank of India Mr. Purwar was the Chairman of State Bank of India, the largest bank in the country from November 2002 to May 2006 and held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of the Tokyo branch, covering almost the entire range of commercial banking operations in his illustrious career at the bank from 1968 to 2006. He is currently the Chairman of IndiaVenture Advisors Private Limited, the equity fund sponsored by the Piramal Group and independent director in many listed companies in India including Engineers India Limited, Reliance Communications Limited, among others.

C Ratnaswami

Non-Executive Director

MD of Hamblin Watsa, subsidiary of Fairfax Mr. Chandran Ratnaswami is a Managing Director of Hamblin Watsa Investment Counsel Limited, a wholly-owned investment management company of Fairfax Financial Holdings Limited, Canada. Mr. Ratnaswami serves on the Boards of ICICI Lombard General Insurance Company Limited and Fairbridge Capital in India, Ridley Inc. in the United States and Zoomermedia Limited in Toronto, Canada. He is also the Chairman of the Board of Trustees of Lansing United Church in Toronto, Canada.

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